After a Decade, Can Amazon Make Twitch Profitable?

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 2 August 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 2014, Amazon spent almost $1 billion on Twitch Interactive. A decade later the livestreaming platform popular with gamers is still losing money. WSJ reporter Salvador Rodriguez joins host Zoe Thomas to explain why making money has been a challenge for Twitch and how Amazon is trying to make the platform profitable. Plus, WSJ senior personal tech columnist Joanna Stern tells us about her year driving an electric vehicle, and her one regret about getting an EV. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's 4 a.m. and you're sucking baby snot through a tube because she's congested.
0:04.0	If you love her that much, love her enough to make sure she's buckled in the right car seat.
0:08.0	Find out more at NHTSA.
0:10.0	G.gov slash the right seat.
0:12.0	Brought to you by the National Highway Traffic Safety
0:13.4	Administration and the Ad Council.
0:17.0	Welcome to Tech News briefing. It's Friday August 2nd. I'm Zoe Thomas for the Wall Street Journal.
0:25.0	Our senior personal tech columnist has been driving an electric vehicle for a year.
0:30.0	She has one regret and it's not about range anxiety.
0:34.4	And then in 2014 Amazon paid almost one billion dollars for
0:39.5	Twitch Interactive.
0:40.8	The live streaming platform is still losing money.
0:44.0	W.S.J reporter Salvador Rodriguez will join us to discuss some of the reasons
0:49.0	Twitch hasn't turned to profit and what that could mean for its future.
0:56.4	But first, a year ago, W.S.J. Senior Personal Tech columnist Joanna Stern told us about her journey to buy an EV. She test drove five
1:05.9	EVs under $60,000 comparing driving range, charging speed, infotainment, and
1:12.0	driver assistance tech.
1:14.0	Here's what she told us back then.
1:15.8	I was down between Tesla and Ford.
1:18.4	The Tesla has a superior charging network.
1:21.4	On the Ford side, I just really liked the software and the fact that I had that
1:25.6	extra screen. In the end, she went with the Ford Mustang Mock E. Now she's back to tell us what it's been like and the lessons she's learned.
	...

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