Comment on CEO Bobby Kotick will leave Activision Blizzard on January 1, 2024 | Schreier: Kotick will depart after 33 years, employees are "very excited."

• Jakeroxs@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  Not true, because of stock splits

  Also all I’m looking at is market cap, it doesn’t matter what games you like from them lol

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  • QuaternionsRock@lemmy.world ⁨1⁩ ⁨year⁩ ago

    1. That’s not how stock splits are documented. The historical price per share is retroactively divided. Otherwise you’d see the share price suddenly drop by 50%…
    2. Market cap by itself is not an indicator of performance. If I invest $1 billion in a company and it’s worth $1.1 billion 10 years later, is that a better or worse return than investing $1 million in a company that’s worth $2 million 10 years later?
    3. I’m not a particularly big fan of GTA. I mentioned it because it’s the most profitable entertainment product ever created.

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    • Jakeroxs@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

      Nah because you’re fundamentally misunderstanding what “investing 1 million” would mean after a stock splits happens.

      I do this shit for a living lol

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      • QuaternionsRock@lemmy.world ⁨1⁩ ⁨year⁩ ago

        I understand stock splits completely, and I now see that you do too.

        Looking at the charts again, they do not measure what I initially thought they did. I thought each line represented profit (investor profit, not company profit) as a percentage of the original investment. I did not realize that the lines to not meet at 0% at the earliest time all three stocks could be purchased on the market.

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