Zwift appoints former Amazon executive as co-CEO

2022-12-07T14:50:00+00:00

Zwift has announced that Kurt Beidler is to become the company’s co-CEO. He will be sharing duties with Eric Min, who will remain chairman of the company. Beidler joins Zwift from Amazon, where he spent 17 years, most recently leading the Amazon Kids+ subscription service.

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Zwift introduces new e-sports competition

2023-11-13T11:24:00Z

After losing the hosting of the Esports World Championships to competitor MyWhoosh, Zwift has announced that it will host the “largest cycling e-sports event ever held”: the “Zwift Games,” a new multi-format competition open to the entire cycling esports community. The Zwift Games are designed to give every cyclist the ...
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Zwift raises $620 million from backers

2023-02-09T09:43:00Z

Zwift has raised $620 million from backers including Amazon’s Alexa Fund, KKR & Co. and Permira Holdings. According to Bloomberg, Zwift expects these investments to enable it to increase subscription prices, reach the milestone of ten million subscriptions (from roughly one million), take the company public and eventually invest in ...
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Amazon Q4 revenues top forecasts while profit decreases

2023-02-07T14:31:00Z

Amazon posted net sales of $149 billion for its fourth quarter ended Dec. 31, 2022, for a 9 percent increase compared with the fourth quarter of 2021. Revenues topped forecasts and were driven by “a record-breaking holiday season,” the company said. As previously reported, the company expected net sales in ...