Stripe’s easy-peasy acquisition, and why is Twitch still losing money? | Equity Podcast
0Today’s episode is packed with M&A talk, how one YouTuber succeeded at the creator economy, why Twitch is still losing money and an autonomous vehicle company that is making a comeback.
First up, Rebecca took a look at fintech giant Stripe’s acquisition of four-year-old competitor Lemon Squeezy. The buy will allow Stripe to beef up its merchant of record selling “in a big way,” according to Stripe CEO Patrick Collison.
Next, Rebecca touched on MatPat, the first big YouTuber to successfully exit his company, Theorist Media. Matthew Patrick turned his successful video series, The Game Theorists, into a full-fledged media business with 40 million subscribers across channels. But he was getting tired of the ceaseless content uploading, and found a way to convince investors that the business could go on without him. Now, he’s in Capitol Hill educating politicians about what creators need to succeed as small businesses.
Speaking of creators and acquisitions, Rebecca pulled up a Wall Street Journal report that found that after 10 years, Twitch is still losing Amazon money. Amazon bought Twitch for $1 billion in 2014, but the company still isn’t profitable. And will it ever be?
Equity is a show about the business of startups, where we unpack the numbers and nuance behind the headlines. New episodes drop at 7 a.m. PT every Monday, Wednesday and Friday. Subscribe wherever you get your podcasts.
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