https://www.theverge.com/2023/3/16/23643223/twitch-ceo-emmett-shear-resigning-dan-clancy

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Twitch CEO Emmett Shear is resigning

Twitch CEO Emmett Shear is resigning

/

Dan Clancy, who has been with Twitch since 2019, will take over.

By Jay Peters

Mar 16, 2023, 3:53 PM UTC|

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TED2019: Bigger Than Us
Image: Lawrence Sumulong/Getty Images

Twitch CEO Emmett Shear is resigning, effective immediately, he
announced in a blog post on Thursday.

Shear has been at Twitch since before it was Twitch. He was a
co-founder of Justin.tv, the platform where Justin Kan streamed his
life 24/7. That became Twitch in 2011 to focus on popular gaming
livestreams, and just three years later, the platform was acquired by
Amazon for nearly a billion dollars.

"With my first child just born, I've been reflecting on my future
with Twitch," Shear wrote. "Twitch often feels to me like a child
I've been raising as well. And while I will always want to be there
if Twitch needs me, at 16 years old it feels to me Twitch is ready to
move out of the house and venture alone."

Related

  * How Twitch lost the battle for its soul
  * Twitch CEO Emmett Shear on how moderation creates communities

Shear will be replaced by Dan Clancy, who has been at Twitch for more
than three years and was serving as the company's president. Clancy
was originally hired in 2019 as the company's executive VP of creator
and community experience, according to Variety. Shear will continue
at the company in an advisory role.

In recent months, Twitch has rolled out new moderation and safety
features to try and improve the health of the platform and grappled
with complaints from creators about changes to its revenue split.
(Clancy's name was actually the one attached to a September letter to
creators about those revenue split adjustments.) And over the past
few years, Twitch also faced increased competition from YouTube's
livestreaming platform, especially as the company poached some of
Twitch's most popular streamers.

Despite all that, Shear is confident in the platform's future. "I've
never had more confidence in Twitch's leadership, in all our people,
and in our product, than I do today," he wrote. "For many years I
truly felt Twitch might die without my guidance and input, but I no
longer feel that is true."

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