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It's really a sad seeing Ubisoft going from a trendsetter up until Far Cry 3, to being a failed trend chaser.
Why don't they just start using ai to generate games? Its cheaper and no one will notice.
They're instead letting an AI generate their stock price. It is a number now.
“Tanked”
Checks graph
19% is a hit but I wouldn’t call it tanked.
Some stocks are just volatile. Here is the full history:
A drop this severe is tanking. Even with a stock history like the one from Ubisoft.
Whenever I see social media say something dropped/jumped, I do the same thing as you - I visit the portfolio and take a birds eye view.
I still think about the one time redditors celebrated a company's stock dropping by 90% over the last day.
But what the picture left out was how the company was climbing by 1000% in a week before dropping.
did ubisoft make face masks or something wtf happened in 2020
WTF you think happened in 2020? No one could leave their house, so video game went gang busters.
I worked at a video game retailer then, and it was the busiest we've ever been.
I think people were just bored out of their minds
Ubisoft will have to get used to people not owning their games.
Womp womp
AAAA stock
They should be comfortable with people not owning their stocks
👏👏👏
You can make any graph look bad if you control the axis bounds weirdly like this.
Not that I have good things to say about ubisoft, but at a glance one would assume their stock value plummeted to zero, which is not the case.
This was also my initial take but look at these graphs with the Y axis starting from 0
Stock lost 67% value in the last year alone, and lost 85% in the past 5 years. Looks pretty dire to me. I would say this is undervalued but I have no confidence in the ubi leadership to turn it around.
Might be that the CEO and upper management are dumb fucks running the company to the ground.
No more innovation, just microtransactions in shitty games, and the same old rehashed concepts.
I saw an anecdote from someone who used to work there and they said their infrastructure and resources were outdated as hell. Basically zero support or investment from leadership. Those corpos are intentionally just trying to milk them and the customers dry before total collapse or a buyout.
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Was ubisoft ever okay though? They always have problems going on whether it be a hostile takeover or this, but they always bounce back somehow surprisingly.
Has something in particular been happening lately? I feel like Ubisoft has sucked for quite a while, but their stock price was fine until relatively recently, right?
If games sucking was the same thing as games being unprofitable gaming would be in better shape.
I hate graphs that don't start the Y axis at zero.
That said, fuck ubisoft.
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It's been tanking for a lot longer than that
lol, it looks like a cryptocurrency chart.
I am curious if the games community has anything positive to say about major publishers at this point.
It’s fun to laugh at one failure, and it’s nice we still get occasional great indie hits. But when most major publishers fail to turn out anything of interest, and even Sony is kind of reaching vanishing expectations amid remasters of remasters, it becomes hard to even suggest what to buy an unknowledgeable kid for Christmas.
Japanese publishers retain staff because every Japanese company does, they don't pay as well but you get life time job stability. Capcom is on a roll, Sega still has RGG, Bandai Namco has Fromsoft. They have the chokehold on jrpgs. And finally Nintendo is still king
I regret buying my ps5 so much.
I'm not saying this to be a dick, I would just like to add, no regrets on building my PC.
I'd say I'm happy that AAA companies are reaping what they sow from listening to their dumbass stakeholders.
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this post was submitted on 26 Sep 2024
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