info@ceoworld.biz
Friday, March 29, 2024
CEOWORLD magazine - Latest - Tech and Innovation - Dan Clancy is the new CEO of Amazon-owned Twitch

Tech and Innovation

Dan Clancy is the new CEO of Amazon-owned Twitch

Emmett Shear, CEO of Amazon-owned Twitch, has announced that he will be stepping down from his role as chief executive, which he co-founded over 16 years ago. Amazon acquired Twitch, known for its community of video game enthusiasts, for almost $1 billion in 2014. Twitch is most known as a popular livestreaming platform for video gamers.

Amazon’s influence allowed the Twitch streaming platform to achieve 8 million monthly active streamers and rack up billions of hours in viewership.

Twitch President Dan Clancy will take on the CEO role at the company. With a BA in Computer Science and a Ph.D. in artificial intelligence, Dan Clancy (Emmett Shear’s successor) has previously held senior roles at NASA, Google, and Nextdoor.

In a blog post, Shear described his readiness to move on from the company he’s been intimately involved with for 16 years. “Twitch often feels to me like a child I’ve been raising as well,” Shear said. “And while I will always want to be there if Twitch needs me, at 16 years old it feels to me Twitch is ready to move out of the house and venture alone.”

UPDATE:

Twitch CEO Dan Clancy confirmed that the Amazon-owned livestreaming platform was letting go of some 400 employees.

“Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations,” Clancy wrote. “In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce.”


Have you read?
Best Fashion Schools In The World For 2023.
Best Business Schools In The World For 2023.
World’s Most Influential and Innovative Companies, 2023.
The World’s Most Influential CEOs And Business Executives Of 2023.
Best Hospitality And Hotel Management Schools In The World For 2023.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
CEOWORLD magazine - Latest - Tech and Innovation - Dan Clancy is the new CEO of Amazon-owned Twitch
Alexandra Dimitropoulou

Alexandra Dimitropoulou

VP and News Editor
Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. In addition to running the company’s website, CEOWORLD magazine, which aims to help CEOs, CFOs, CIOs, and other C-level executives get smarter about how they earn, save and spend their money, she also sits on the Board of Directors of the Global Business Policy Institute. She can be reached on email alexandra-dimitropoulou@ceoworld.biz. You can follow her on Twitter at @ceoworld.