Amazon's Twitch CEO steps down nearly 10 years after acquisition

Emmett Shear, the CEO of Amazon's livestreaming work Twitch, is stepping down from his relation effectual immediately, the institution announced Thursday.

Amazon acquired Twitch for astir $1 cardinal successful 2014. The tract is astir known arsenic a fashionable livestreaming tract for video gamers. After buying Twitch, Amazon was mostly hands disconnected with the business, though it has offered Prime subscribers perks connected the livestreaming platform, specified arsenic escaped games and in-game loot.

Shear volition beryllium replaced by Twitch President Dan Clancy, who has been a "close partner" to Shear, helium wrote in a blog post. Shear said he's stepping distant to walk much clip with his newborn son. Shear volition proceed to enactment astatine Twitch successful an advisory role.

"With the accomplishment of my son, the clip has travel for maine to absorption my energies connected gathering that tiny small startup family, and I'm acceptable to dedicate my energies there," Shear wrote. "Twitch volition ever stay portion of my extended family, a assemblage wherever I grew successful truthful galore ways alongside Twitch itself."

Shear's resignation adds to a caller exodus of enactment nether CEO Andy Jassy. Earlier this month, Ring CEO Jamie Siminoff announced helium was stepping down from his relation astatine the location information subsidiary. Last year, executives overseeing Amazon's Alexa and hardware probe and improvement group, known arsenic Lab126, exited the company. Last July, nationalist argumentation main Jay Carney announced helium was leaving to articulation Airbnb, and 23-year Amazon seasoned Dave Clark resigned as retail main the aforesaid month.

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