Have you been looking into investments, or more particularly into the tech industry and investing there? Well, you have come to the right place to learn a little more.
This article will be looking at Twitch, the video-streaming company, and whether you can buy stock in Twitch.
Let’s take a further look into the topic.
What does the Twitch Stock Symbol mean for Investors?
The Twitch stock symbol is AMZN. For investors, if they wanted to make an investment into the live-streaming platform, Twitch, they would have to buy stock in Amazon. This is because Amazon bought Twitch in 2014 for $970million, and it is therefore now a subsidiary of Amazon.
What is Twitch?
Twitch is part of the tech industry. It is a live-streaming platform for gamers – they “broadcast” their gameplay by sharing their screen with fans and subscribers. The content and activities can also be downloaded on demand. It aims to build a community through shared and streamable interest. It was founded in 2011 by Twitch Interactive, and it is now a subsidiary of Amazon. As of February 2020, Twitch had 3 million broadcasters monthly. Interestingly, Twitch has launched non-gaming categories since its founding. It has launched “creative”, which is a stream that showcases art and creative works. Twitch streaming apps are available on both mobile devices and video game consoles. Twitch even has its own fan convention devoted to it and the culture of video game streaming. It is called “TwitchCon” and is held in different states in the US.
What does a Stock Symbol mean?
A stock symbol is a unique set of letters that are assigned to a security for trading purposes. The symbols are a shorthand way of describing a company’s stock. They are also known as ticker symbols. For example, Apple Inc. is traded on the NASDAQ exchange and has the stock symbol AAPL.
What is the Twitch Stock Symbol?
Because Twitch is owned by Amazon, the Ticker symbol for their stock is:AMZN. Twitch belongs to Amazon Com, and their stock is listed on the New York stock exchange. Therefore, you would be investing in Amazon rather than Twitch.
How else can you invest in Twitch?
Interestingly, there is a site called “TwitchStocks.com” that is a game that simulates a real stock market. So, if you were looking to get into investing and wanted to learn more about it, this game is perfect for exploring how it all works, without the risk. There is no real money involved. New accounts are given “cash” to spend on “shares” in streamers. However, the site is not associated with Twitch or Amazon in any way.
The price of a Twitch Streamer’s shares is determined by their followers, viewership and channel views. So, the Twitch streamers are the stocks that can be “bought” and “sold”. It is just for fun and is a good way of exploring trading safely.
Is it worth investing in Twitch?
The real question is, is it worth investing in Amazon? According to StockNews, Amazon sales are expected to grow by 17.9% in 2021 to $434 billion. In the next 10 years, Amazon should grow to 2 or 3% of global retail sales and 25% of the online advertising market. However, you must consider the stock prices as they range from $1,600 to over $3,000, and if this is the best option for your portfolio.
This article has demonstrated that you cannot buy stock in Twitch. But if you did want to invest around the company, you could invest in Amazon, as they own Twitch. The prices in February 2021 were $3206 for a share in Amazon.com, Inc.