bin.pol.social

Eiri, do games w Ubisofts stock tanked this morning ahead of the markets opening

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?

DragonTypeWyvern,

If games sucking was the same thing as games being unprofitable gaming would be in better shape.

whotookkarl, do games w Ubisofts stock tanked this morning ahead of the markets opening
@whotookkarl@lemmy.world avatar

AAAA stock

xavier666, (edited )

They should be comfortable with people not owning their stocks

Hadriscus,

👏👏👏

Grandwolf319, do games w Ubisofts stock tanked this morning ahead of the markets opening

“Tanked”

Checks graph

19% is a hit but I wouldn’t call it tanked.

Some stocks are just volatile. Here is the full history:

https://sh.itjust.works/pictrs/image/bde7266c-0e42-4818-90c9-4112a6a9d5c9.png

merthyr1831,

did ubisoft make face masks or something wtf happened in 2020

Zahille7,

I think people were just bored out of their minds

trankillity,

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.

HeyThisIsntTheYMCA,
@HeyThisIsntTheYMCA@lemmy.world avatar

Oh I remember 2020 we all took a jolly jaunt right

merthyr1831,

that makes sense lol, it’s been a long time since I’ve been in a video game store

ByteOnBikes,

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.

Appoxo,
@Appoxo@lemmy.dbzer0.com avatar

A drop this severe is tanking. Even with a stock history like the one from Ubisoft.

Drusas, do games w Day -6 of posting a screenshot from a game I've been playing until I also forget to post screenshots

Day negative 6? Interesting.

samus12345,
@samus12345@lemmy.world avatar

Does that mean this was actually posted last Friday?

De_Narm, do games w Day -6 of posting a screenshot from a game I've been playing until I also forget to post screenshots

Despite loving the genre overall, I bounced off KoA multiple times. Maybe it’s time to give it yet another go. I just wasn’t in the mood for MMORPGs - which the IP should have become iirc -, I guess.

M137, do games w Day -6 of posting a screenshot from a game I've been playing until I also forget to post screenshots
@M137@lemmy.world avatar

What the hell, I don’t recognise this game at all. Neither this image, the name nor any other image or the trailer on Steam, but apparently I own the game on there… I’ve never been so confused about and at a complete loss of memory of something I have purchased.

DragonTypeWyvern,

I played the game and loved it and still don’t know what the hell this is.

The DLC I guess? Didn’t realize it had any tbh.

callouscomic,

The original release had 2 DLC’s. This is the re-release called Re-Reckoning, which inherently included the original 2 DLC’s, amd then a bit later they did a new DLC called Faresworn that the original release never had. This is from that most recent DLC story and area.

callouscomic,

I’ve played this game to 100% both on the original release, and this re-release.

It’s one of my favorite action rpg’s out there. It’s not special. It never did anything new, really. It originally released around the same time as Skyrim and got forgotten. I still have always felt this game is better and more fun than people give credit for. It’s huge, has tons to do, has bright colorful biomes, goofy characters, silly stories, cool effects, and is just such a charming thing.

Some of my love for it is that it’s just a simple fun accessible action rpg. Some is I genuinely liked the stories. Some of it I liked how cliche and cheesy it was at times. And back when it first released, some of it was just nice to see some actual color compared to Skyrim back then, which I was also playing.

Zahille7, do games w Day -6 of posting a screenshot from a game I've been playing until I also forget to post screenshots

This was the DLC they made for the rerelease right? How is it? I had never played any of the DLC back in the day, but I bought the rerelease on steam

samus12345,
@samus12345@lemmy.world avatar

I’ve been stuck on the DLC for a long time now, not because of difficulty, but because I just don’t find it very interesting. Hoping to force my way through it one of these days.

callouscomic,

It honestly is a large DLC that overstays its welcome. I know a lot of people think this game is kind of meh to begin with, but if someone enjoyed the original game and story, I think they’ll like the DLC because it has some more closure on the story and it does introduce some neat new gameplay mechanics.

The issue is you gotta really stick with it. It starts out fun to explore a new area, and then eventually you reach this point where it becomes a bit frustrating, but as you get through it, some stuff unlocks and it becomes really cool gameplay-wise. Also there’s a middle semi-grindy part where it felt like the difficulty got unfair, but after some unlocks involved in the grindy pary it got fun again and really became something else.

I think it could have been done a bit better, but overall as a fan of the original game, I enjoyed myself. You just unfortunately gotta push through to the end to get past this kind of middle part that drags.

There’s lots of fun and ridiculous characters too. I think they did a great job having it really feel like it fits the goofy theme of the game world even though it wasn’t the original team.

obinice, do games w Ubisofts stock tanked this morning ahead of the markets opening
@obinice@lemmy.world avatar

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.

HeavyRaptor,

This was also my initial take but look at these graphs with the Y axis starting from 0 https://lemmy.zip/pictrs/image/22781696-3e59-4fe8-9b47-37104417e22a.webphttps://lemmy.zip/pictrs/image/d84502e1-edde-45bc-8263-80b5a004c2a1.webpStock 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.

Croquette,

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.

omarfw,

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.

trolololol,

You can make 20% drops in value look harmless if you flatten the graph enough

sebsch, do games w Ubisofts stock tanked this morning ahead of the markets opening

Am I too stupid to understand the X Axes? 1Day, 1Week… that makes no sense at all

Tycoontwist,

It’s an option to filter by time; only 1 day is selected. The actual time on the x-axis is hidden.

sebsch,

Ahh that makes sense.

KingThrillgore, do games w Ubisofts stock tanked this morning ahead of the markets opening
@KingThrillgore@lemmy.ml avatar

There’s going to be a new CEO by the end of the FY.

Blackmist, do gaming w What are the scariest games you've played?

Probably one of the VR ones.

Phasmophobia is tense and mostly because you can die and get no points, but there’s plenty of VRChat horror worlds as well. The quality varies wildly though, and you often face the worst VR horror of all: awful frame rates.

kandoh, do games w Ubisofts stock tanked this morning ahead of the markets opening
@kandoh@reddthat.com avatar

Ubisoft made some of my favorite games as a kid. Real shane shitty management and a culture of sexual harassment have ruined their legacy

Pyr_Pressure, do games w Ubisofts stock tanked this morning ahead of the markets opening
@Pyr_Pressure@lemmy.ca avatar

https://lemmy.ca/pictrs/image/b93bcebe-0738-42dd-ab83-609a5604f85e.jpegIt’s been tanking for a lot longer than that

GhiLA,
@GhiLA@sh.itjust.works avatar

lol, it looks like a cryptocurrency chart.

UnderpantsWeevil,
@UnderpantsWeevil@lemmy.world avatar

I wish. Crypto has been depressingly buoyant.

blindbunny, (edited )

Gotta cook the planet to win capitalism bro

DragonTypeWyvern,

The most obnoxious thing is that hoarding commodities is not capitalism, at least before it’s time to unload it on the rubes.

SSJMarx,

Every time BTC crashes I say to myself, “I shouldn’t bet on it coming back, this will surely be The One.” Nope, currently higher than it was before the last one.

GhiLA,
@GhiLA@sh.itjust.works avatar

There’s always someone betting it will go up, just as much as someone is betting to go down, but right now, Blackrock and Fidelity own a lot of BTC, and are selling it to investors via actual, official ETF funds.

You can go on Fidelity and buy into this fund without ever touching BTC, and follow the price along with the holders, just like a gold or oil stock.

things are going to be interesting over the next few years. BTC has entities invested in it’s future. I don’t expect a crash below the ETF price, which… from memory was around $50k, because then investors are in the red.

I’m not in BTC, but it’s a fun thing to watch. Personally, I think the mining of it is a cancer to society, but once you strip all of that way, it’s just another index fund as long as private entities can manipulate the waves in their favor.

I like gold more. You can make stuff with it, buuut Gold is at an ATH… buuut if Kamala wins, BTC will dump and Gold is a sanctuary hold for a lot of BTC holders, so, man what a year it’s gonna be.

Draegur, do games w Ubisofts stock tanked this morning ahead of the markets opening
@Draegur@lemm.ee avatar

Ubisoft will have to get used to people not owning their games.

Mango,

Womp womp

intensely_human, do games w Ubisofts stock tanked this morning ahead of the markets opening

I thought from this graph that the stock had tanked to pennies.

It lost about 20% of its value, looks like

Andonyx,

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.

Buttons,
@Buttons@programming.dev avatar

Look at the entire history.

In 2018 their stock price was about 24, now it’s 2.

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