this post was submitted on 26 Sep 2024
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Ubisofts stock tanked this morning ahead of the markets opening (feddit.uk)
submitted 3 weeks ago* (last edited 3 weeks ago) by sirico@feddit.uk to c/games@lemmy.world
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[–] Andonyx@lemmy.world 15 points 3 weeks ago

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.