Top Twitch streamer and content creator Amouranth buys nearly $2 million worth of Activision Blizzard stock.
Popular Twitch streamer Amouranth has earned a fortune from content creation and streaming, and she’s put that money to good use. Amouranth has spoken publicly about various investments she’s made across a variety of industries, giving her fans insight on big money business moves like buying gas stations, purchasing Google stock, and investing seven figures in a company that produces plastic balls. However, Amouranth’s latest big money investment is directly related to the gaming industry.
Amouranth took to Twitter to reveal that she bought nearly $2 million in Activision Blizzard stock, spending $1,904,028 in total. Amouranth explained in the initial tweet that she expects to get about a 20% return on her investment if Microsoft’s planned acquisition of Activision Blizzard goes through. In a follow-up tweet, she joked that she was going for an Activision Blizzard board seat to “de-objectify women” by reversing World of Warcraft censorship that saw paintings of women turned into paintings of fruit.
Activision Blizzard is mired in controversy at the moment. The company has been slammed by lawsuits alleging workplace discrimination and sexual harassment, resulting in some key Activision Blizzard employees being fired or resigning. Considering this, some of Amouranth’s fans have questioned her decision to invest such a large amount of money in the video game publisher.
Amouranth provided more serious responses to some fans, explaining that she is looking to capitalize on the “takeover spread,” but that even if Microsoft’s acquisition of Activision Blizzard doesn’t happen that buying 24,000 shares at $79.34 wasn’t a bad price. After all, even though Activision Blizzard is not in a great spot right now, the company still has a major foothold in the gaming industry and some of the most popular IPs in the world like Call of Duty, Diablo, World of Warcraft, and others.
Regardless if Microsoft’s acquisition of Activision Blizzard goes through, the company will almost certainly bounce back from a financial standpoint thanks to the popularity of its franchises alone. Call of Duty is consistently the best-selling game every year and a new Call of Duty is expected to drop in 2022. Not only that, but Activision Blizzard has some other big new games on the horizon, like Overwatch 2, Diablo Immortal, and Diablo 4. It’s not unreasonable to think that Activision Blizzard’s stock price could return to the heights it experienced before the lawsuits. In fact, it’s already up to $79.72 at the time of this writing, 38 cents higher than when Amouranth made her purchase.