Does Jeff Bezos still own Twitch?

Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, reflecting Chief Executive Officer Jeff Bezos’ resolve to transform Amazon into an Internet destination beyond its core retail operations.

How much does Amazon own Twitch?

Amazon purchased Twitch in 2014 for $970 million, and after years of prioritizing growth, Twitch executives are increasingly focused on financial sustainability. Twitch’s ad push is in line with a broader move across the media industry.

Is Jeff Bezos in charge of Twitch?

Twitch is a subsidiary of Amazon.com, Inc., a company that was founded by entrepreneur Jeff Bezos.

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Did Amazon acquire Twitch?

For example: In 2014, Twitch—a web platform that allows users to stream video of themselves playing video games to followers—was purchased by Amazon for $970 million.

Will Twitch shut down?

What’s Happening With the Twitch App for Desktop? Twitch announced that its desktop app will shut down on April 30, 2022.

Is Twitch losing money?

Twitch generated approximately $2.6 billion revenue in 2021, a 41% year-on-year increase.

Does Jeff Bezos still own Twitch?