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Why Google-Owned YouTube Wants to Buy Gaming Video Site Twitch

Date:
May 19, 2014
Source:
TheStreet / Powered by NewsLook.com
Summary:
Google-owned YouTube is reportedly in talks to buy Twitch for as much as $1 billion, nearly as much as the $1.65 billion deal for YouTube itself in 2006. Here's why the largest internet name in the world would want a relatively obscure startup. First, Twitch is the leading online platform for gamers to stream and broadcast videogame play. The site boasts 45 million unique monthly users, one million of those who actively create and upload their own content. Second, Twitch is the fourth-largest source of broadband traffic in primetime hours, even beating out Facebook and Hulu. Finally, Twitch users' levels of engagement are higher than those who use YouTube. Video provided by TheStreet


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last updated on 2014-10-25 at 9:12 am EDT

Google Plans Deeper Energy Push With Tools For Utilities

Google Plans Deeper Energy Push With Tools For Utilities

TheStreet (June 11, 2014) — Google is planning to disrupt the US power delivery system by developing tools that can transmit and distribute electricity more efficiently.The internet giant runs the most popular search engine and itself is a huge consumer of electricity. It has been looking at ways to shakeup the utilities industry and it plans on doing this by developing software and hardware tools to better manage power lines. Google's in-house development group known as the Energy Access Team is led by Arun Majumdar. Majumdar came to Google as a top energy expert. He was the first director of the US Department of Energy's Advanced Research Projects Agency-Energy and was later nominated for the Under Secretary of DoE. He joined Google in 2012 to help the company to advance in the US power sales market, which is worth more than $363 billion. Google is not the first to tap the possibilities of energy management. Zurich based ABB and Munich based Siemens already offer tools that help allocating electricity, but Google engineers think they can do better. Just like Google disrupted smartphone market with android, it may now end up changing the way we get our electricity. Video provided by TheStreet
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What Makes Twitch Worth $1 Billion To Amazon?

What Makes Twitch Worth $1 Billion To Amazon?

Newsy (Aug. 25, 2014) — Amazon is reportedly about to purchase Twitch, a streaming service for video game players, but why? Video provided by Newsy
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Google After Death: What Happens to Your Accounts?

Google After Death: What Happens to Your Accounts?

Newsy (Apr. 12, 2013) — Google's 'inactive account manager' feature supports Google, Google+, YouTube, Picasa and Blogger accounts.
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Sony PlayStation, Microsoft Xbox Give Booster to July Retail Sales

Sony PlayStation, Microsoft Xbox Give Booster to July Retail Sales

TheStreet (Aug. 15, 2014) — Next-generation consoles helped boost gaming software and hardware sales in the U.S. since June. Video game sales, including hardware and accessories, jumped 16% from a year earlier to $514.3 million, according to market researcher NPD Group. That increase was driven by the continued success of Sony’s PlayStation 4 and Microsoft’s Xbox One, the latest iterations of their gaming consoles which had near simultaneous releases last November. PlayStation 4 held its lead as top-selling console, a spot it has commanded over Xbox for seven consecutive months. Sony said it has sold more than 10 million units worldwide so far. Video provided by TheStreet
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