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Twitch CEO Dan Clancy has admitted the Amazon-owned streaming platform isn’t profitable.
Clancy led a Q&A stream on Twitch following the news earlier this week the company is laying off over 500 members of staff, equating to around 35 percent of its workforce.
“We’ve implied this before where we say we need to run it sustainably,” said Clancy, “but I’ll be blunt: we aren’t profitable at this point.”
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