Twitch reportedly approached investor Chamath Palihapitiya to announce his SPAC deals on its live-streaming platform
Summary List Placement Twitch is looking to capitalize on the growing buzz surrounding venture capitalist, Chamath Palihapitiya .
According to the Wall Street Journal , the live-streaming service approached Palihapitiya about becoming the exclusive platform to announce his business deals. Palihapitiya - founder and CEO of Social Capital and a frequent sponsor of special purpose acquisition companies, or SPACs, - has developed a loyal following on social media platforms like Reddit and Twitter, where he openly discusses his next targets and slings insults at hedge funds and traditional finance institutions.
Twitch, which is owned by Amazon, has an estimated 26 million daily users. Twitch did not immediately respond to request to comment from Insider.
Amid the surge of SPAC deals in recent months , Palihapitiya has become a leader in navigating the increasingly crowded market and appealing to an anti-establishment group of investors. His star has continued to rise thanks largely to his ability to speak openly...
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