Google's YouTube is said to be finalizing a $1 billion acquisition of Twitch, making the San Francisco-based video game streaming service another start-up success story. But just as when Facebook purchased WhatsApp earlier for $16 billion, there will be both celebration and hand-wringing.
On one hand, blockbuster acquisitions inspire millions of Americans to try entrepreneurship every year. Conversely, WhatsApp and Twitch employ fewer than 200 people combined, reminding us that entrepreneurs, even when they create enormous value, do not always create enormous numbers of jobs, particularly for the middle class.
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To read the original article: Do start-up innovators create jobs? Column
