Experts are praising Amazon.com, Inc. (NASDAQ:AMZN) for its smart move of acquiring Twitch, the videogame streaming service that was previously eyed by Google. In a program on CNBC, Investor Kevin O’Leary of “Shark Tank,” said that he is extremely optimistic about Twitch’s future with Amazon.com, Inc. (NASDAQ:AMZN) because Amazon knows how to monetize its resources. He said that watching other gamers play videogames makes a lot of sense because in this way, one can learn the strategies and moves from the world class players who are broadcasting their gameplay to the whole world.
O’Leary thinks that videogame streaming is just like any other broadcasting content. He said that there can be a difference of opinions about the amount Amazon.com, Inc. (NASDAQ:AMZN) is paying for Twitch but there is no doubt about the potential benefits of this deal.
“Amazon.com, Inc. (NASDAQ:AMZN) is in a remarkable place, I don’t know in the stock, it doesn’t pay a dividend as you say, it doesn’t even care about free cash flow, to me its not a real company yet, but if you are looking at in terms of engaging customers and building a base that they can one day monetize, you are a long term believer and so far, they have been able to pull that off […],” said O’Leary.
O’Leary strongly rejected the idea that Amazon.com, Inc. (NASDAQ:AMZN) is worried about cash flow and dividends and said that Amazon.com, Inc. (NASDAQ:AMZN) is currently investing the companies that can be of value for it in future. O’Leary thinks that Amazon can monetize Twitch like no other company can because of the versatility of the videogame streaming and gaming content.
Ken Fisher‘s Fisher Asset Management is one of the largest shareholders of Amazon.com, Inc. (NASDAQ:AMZN), having 2.5 million shares of the company so far.
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