Amazon Faces Financial Struggles with Twitch Despite $2 Billion Annual Revenue

Reports indicate continued losses and potential layoffs as the streaming platform's profitability remains elusive.

Amazon acquired Twitch in 2014 for $1 billion but has yet to see profits from the platform.
Twitch generates around $2 billion annually, yet high operational costs hinder profitability.
Slowing user growth and decreased spending by top contributors contribute to financial woes.
Twitch has already seen nearly 1,000 layoffs, with more potentially on the horizon.
Concerns rise that Twitch may become a 'zombie brand' within Amazon, similar to Goodreads and Woot.