Amazon chases Google, Microsoft into the game-streaming market

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Amazon.com Inc. is diving into the new and hotly contested market for streaming video games, the company said during a press event Thursday that also revealed a refreshed lineup of Echo smart speakers and a flying home video camera.

Amazon.com Inc. is diving into the new and hotly contested market for streaming video games, the company said Thursday during a news event that also revealed a refreshed lineup of Echo smart speakers and a flying home video camera.

Echo speakers and other smart home devices were the darlings of the consumer electronics world a few years ago, but growth has waned more recently. The COVID-19 pandemic gives Amazon a chance to reignite growth now that millions of consumers are working and studying from home. Amazon said the device will record video only in flight, one of a series of nods to privacy during Thursday’s presentation. Amazon’s Alexa and Ring have been criticized by privacy advocates for security lapses and for not disclosing the role of human reviewers of audio and video recordings.

 

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Chart shows Google is still beating Amazon in a key area of e-commerce - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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