As much as I love seeing these people fall the games industry must really be on a knife edge if they're backpedalling this hard. It will be very interesting to see if any other western companies follow suit because they've had no problem openly telling gamers to fuck off and make fun of them on their own official pages so far.
Fun fact, I did some autism on the finances of companies like Ubisoft and EA. I know most people will likely know this but there's quite a ridiculous amount of evidence showing venture capital firms like Blackrock have invested in them which is likely what's been keeping them popped up for so long. At the end of the day though, these guys are out to make money and if they can't hit any targets in terms of sales especially they're going to get the axe. I have to wonder as well with ESG and DEI money there are in fact financial targets to hit among other things not just hiring practices so that's why they're starting to panic hard about even normies getting bored with their shit. This is all just the stuff that they'll openly report too.
There's only so much that scamming whales through their live service nonsense and using bot players to bump up numbers on their F2P games can do, losing the bulk of their playerbase is going to hit hard.
Companies show value from stock prices and assets (like IPs), NOT revenue. The stock market is a suicide cult at this point. Companies use all their assets to back loans and then use that cash to buyback stock and buy more IPs, which gives them more assets they can use to back even more loans. It just wrings every last drop of value out of the system before it all collapses.
Obviously this should be illegal and probably is but everyone is too dependant on the system to do anything about it. Nothing will fail until everyone fails.
The last century has shown that a mercurial/ cosmopolitan people, a people of merchants or money class, regardless of heritage, cannot be in charge of anything and need to be kept a close eye on by someone truly in charge.
Also, they need to be beaten on a frequent basis. Like today, today is Tuesday. Time for a beating.
As much as I love seeing these people fall the games industry must really be on a knife edge if they're backpedalling this hard. It will be very interesting to see if any other western companies follow suit because they've had no problem openly telling gamers to fuck off and make fun of them on their own official pages so far.
Fun fact, I did some autism on the finances of companies like Ubisoft and EA. I know most people will likely know this but there's quite a ridiculous amount of evidence showing venture capital firms like Blackrock have invested in them which is likely what's been keeping them popped up for so long. At the end of the day though, these guys are out to make money and if they can't hit any targets in terms of sales especially they're going to get the axe. I have to wonder as well with ESG and DEI money there are in fact financial targets to hit among other things not just hiring practices so that's why they're starting to panic hard about even normies getting bored with their shit. This is all just the stuff that they'll openly report too.
There's only so much that scamming whales through their live service nonsense and using bot players to bump up numbers on their F2P games can do, losing the bulk of their playerbase is going to hit hard.
We are living in a post-profit world.
Companies show value from stock prices and assets (like IPs), NOT revenue. The stock market is a suicide cult at this point. Companies use all their assets to back loans and then use that cash to buyback stock and buy more IPs, which gives them more assets they can use to back even more loans. It just wrings every last drop of value out of the system before it all collapses.
Obviously this should be illegal and probably is but everyone is too dependant on the system to do anything about it. Nothing will fail until everyone fails.
The last century has shown that a mercurial/ cosmopolitan people, a people of merchants or money class, regardless of heritage, cannot be in charge of anything and need to be kept a close eye on by someone truly in charge.
Also, they need to be beaten on a frequent basis. Like today, today is Tuesday. Time for a beating.