this post was submitted on 26 Sep 2024
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I thought from this graph that the stock had tanked to pennies.
It lost about 20% of its value, looks like
FWIW, a 20% drop is borderline catastrophic for a major company. The squeeze it puts on their supply chain, ability to make payroll, and interest rates on borrowing going up, it could be enough to create a death spiral. I think ubisoft is probably managed well enough to deal with this, but this is definitely a serious situation for them.
Look at the entire history.
In 2018 their stock price was about 24, now it's 2.