The problem isn’t that the people voluntarily participating in the world’s biggest grift losing money.
The problem is the real world consequences for other people.
Comment on Ubisofts stock tanked this morning ahead of the markets opening
Carighan@lemmy.world 2 days ago
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Viking_Hippie@lemmy.world 2 days ago
MolochAlter@lemmy.world 2 days ago
You realise this isn’t make believe at all, right? Stocks are ownership.
If a stock dips low enough it’s possible to do what microsoft did with Activision Blizzard and buy out another company wholesale, for instance.
Speculation on the stock market isn’t the reason the market exists, it’s a side effect of its pricing mechanisms, the actual point of it is to gather money for companies and gather stake for buyers.
If a major company like Ubisoft keeps tanking, odds are you can look forward to another major buyout and merger which will make the already horribly oligopolistic game industry even smaller, which is not good for anyone involved.
half_built_pyramids@lemmy.world 2 days ago
Except out doesn’t have to be that way. Bringing back anti monopoly regulation would prevent more consolidation.
MolochAlter@lemmy.world 2 days ago
Sure, but the stock is tanking now, and the regulations are not on the books.
Like, I agree there needs to be an overhaul of a bunch of regulations regarding monopolies and such, but this doesn’t help analysing the current situation where they’re not in place.
altima_neo@lemmy.zip 2 days ago
Investors settled to be pushing for the company to go private, possibly for that reason.
MolochAlter@lemmy.world 2 days ago
That would be quite smart of them tbh.
1984@lemmy.today 2 days ago
I think gaming in general have it hard now. There are millions of games and only a handful are best sellers.
I feel the same about movies. So many, but just a few are worth watching because they are original.
MolochAlter@lemmy.world 2 days ago
That’s just generally all of media right now. We are at perhaps the highest level of accessibility for media creation we’ve ever been, but that means that any schmuck with a pair of thumbs and time to waste can make something.
High accessibility means abysmal signal/noise ratio, turns out.
TexasDrunk@lemmy.world 2 days ago
It does. There are some upsides, though. One bonus is that, at least in some small ways, some of these shitbag companies that have acted terribly in the past are letting up because we have options. We don’t have to rely on a couple of big studios for every game we play. So EA has backed off of their terrible launcher.
I also think it’s kind of cool that any schmuck can make their dream come true. I’ve definitely put out a bunch of music that I don’t market, just because I always wanted to do it. Anyone with an idea and a laptop can code up a game. The ridiculous amount of shovelware aside, I think that’s pretty cool.
I just wish there was a better way to sift through the dreck to find the good stuff.