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Search resuls for: "Amazon's Twitch"


7 mentions found


☆ Does Amazon's Twitch have a Twitch problem? Or a livestreaming problem?
  + stars: | 2024-07-29 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
Amazon paid about $1 billion for Twitch in 2014, hoping it would become the next YouTube or Instagram. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Instead, The Wall Street Journal reports, Twitch has fizzled: It's losing money on annual revenue of $2 billion — a nothingburger by Amazon's standards — and usage seems stalled. This story is available exclusively to Business Insider subscribers.
Persons: —, Twitch Organizations: Amazon, Twitch, Service, Big Tech, Street Journal, Business
☆ Reddit pops 48% in NYSE debut after selling shares at top of range
  + stars: | 2024-03-21 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +5 min
Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. Reddit and selling shareholders raised about $750 million from the offering, with the company collecting about $519 million. This year, Reddit said it plans to recognize roughly $66.4 million in revenue as part of its data licensing deals. Google has also entered into an expanded partnership with Reddit, allowing the search giant to obtain more access to Reddit data to train AI models and improve its products. "I hope they believe in Reddit and support Reddit," Huffman told CNBC in an interview on Thursday.
Persons: Steve Huffman, Lynn Martin, Reddit, Pinterest, Klaviyo, Pinterest's, it's, Alexis Ohanian, Huffman, Redditors, Sam Altman, Condé Nast, Altman's, Altman Organizations: New York Stock Exchange, Astera Labs, Nasdaq, Meta, Google, Reddit, Federal Trade Commission, FTC, Companies, CNBC, GameStop, Tencent, Advance Magazine Publishers Locations: New York, It's, Reddit
☆ Reddit power users balk at chance to participate in IPO as Wall Street debut nears
  + stars: | 2024-03-20 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +10 min
It's not just market conditions that have Reddit moderators like Gilbert forgoing the investment opportunity. Reddit has long had a rocky relationship with moderators and the site's most dedicated users, or Redditors. In total, Reddit said underwriters have reserved 1.76 million of the 8 million shares in the IPO for the DSP. Meme stocksOf all companies, Reddit knows something about stock market volatility. However, given the dearth of tech IPOs since the start of 2022, White said Reddit's offering is "probably a little more risky."
Persons: Jonathan Raa, Sarah Gilbert, she's, She's, Airbnb, Doximity, Reddit's, Klaviyo —, It's, Gilbert forgoing, Reddit, Steve Huffman, Gilbert, you've, Alexis Ohanian, Twitch, BuckRowdy, Joshua White, White, FormicaDinette33, subreddits, it's, Wrestlegirl, Maharaj, shouldn't, He's, jeering, Courtnie Swearingen, Victoria Taylor, Swearingen, San, — CNBC's Cameron Costa Organizations: Nurphoto, Getty, New York Stock Exchange, Cornell University's Citizens, Technology, Google, YouTube, Facebook, CNBC, GameStop, AMC Entertainment, Vanderbilt University Locations: New, Chicago, San Francisco
☆ China police arrest man on suspicion of opening casino; local media link case to DouYu
  + stars: | 2023-11-22 | by ( ) www.reuters.com   time to read: +2 min
BEIJING, Nov 22 (Reuters) - Police in the southwestern city of Chengdu said they had arrested a 39-year-old man surnamed Chen on suspicion of opening a casino, according to a notice on Wednesday. The person, who it described as Chen Moujie, has been arrested in accordance with the law and a further investigation is ongoing, the notice said. State media outlet Xinhua and local outlet wallstreetcn both reported that the police statement referred to the arrest of Chen Shaojie. Chen founded DouYu in 2014 and grew the company into China's leading video game streaming platform in China by number of users. Reporting by Beijing newsroom and Brenda Goh; Editing by Jacqueline Wong and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Chen, Chen Moujie, Chen Shaojie, DouYu, Tencent, Amazon's Twitch, Brenda Goh, Jacqueline Wong, Gerry Doyle Organizations: Police, Authorities, Beijing, Thomson Locations: BEIJING, Chengdu, China, DouYu, United States
☆ Amazon's Twitch CEO steps down nearly 10 years after acquisition
  + stars: | 2023-03-16 | by ( Annie Palmer | ) www.cnbc.com   time to read: +1 min
Emmett Shear, the CEO of Amazon 's live streaming service Twitch, is stepping down from his role, effective immediately, the company announced Thursday. After buying Twitch, Amazon was largely hands-off with the business, though it has offered Prime subscribers perks on the live streaming platform, like free games and in-game loot. Shear will be replaced by Twitch President Dan Clancy, who has been a "close partner" to Shear, he wrote in a blog post. "Twitch will always remain part of my extended family, a community where I grew in so many ways alongside Twitch itself." Earlier this month, Ring CEO Jamie Siminoff announced he was stepping down from his role at the home security subsidiary.
☆ Russian court fines Amazon's Twitch $57,000 over Ukraine content
  + stars: | 2023-01-31 | by ( ) www.reuters.com   time to read: 1 min
Jan 31 (Reuters) - A Russian court on Tuesday fined streaming service Twitch 4 million roubles ($57,000) for failing to remove what it said were "fakes" about Russia's military campaign in Ukraine, the Interfax news agency reported. Twitch, which is owned by Amazon (AMZN.O), did not immediately respond to a request for comment. Moscow has long objected to foreign tech platforms' distribution of content that falls foul of its restrictions, with Russian courts regularly imposing penalties. ($1 = 70.3200 roubles)Reporting by Reuters, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
☆ A top digital-talent exec at WME breaks down the big influencer deals of 2019 and what he's looking for in 2020, from TikTok to touring
  + stars: | 2020-01-14 | by ( Amanda Perelli | ) www.businessinsider.com   time to read: +8 min
Creators on TikTok are surging in the influencer space, having captured the attention of Gen Zers worldwide, and now looking to build lucrative businesses around their massive audiences. "I think TikTok is super interesting," Jad Dayeh, a partner and the cohead of digital at WME, told Business Insider in a wide-ranging interview. Since the rise of digital media, WME has developed a department for influencers who are popular on platforms like YouTube, Instagram, and now TikTok. Dayeh said WME spent a lot of time last year negotiating these "multimillion-dollar multiyear deals" for the gamers the company represents. WME also focused on securing partnerships between digital talent and major brands.
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