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Norgur, do games w Unity bosses sold stock days before development fees announcement, raising eyebrows

Riccitiello made EA the money guzzling shithole it is today. Who thought he might change when he was given the reigns of unity?

Sanctus,
@Sanctus@lemmy.world avatar

Remember when he wanted to charge players per digital bullet fired in FPS games?

IWantToFuckSpez, (edited )

Nobody at Unity expected him to change. It was the entire point that this shit heel got to helm the company. The three founders are billionaires now, that’s why. Two years ago one of the founders, Joachim Ante, sold $40million in stock. They dgaf anymore they just keep selling.

Jaysyn, (edited ) do games w Unity bosses sold stock days before development fees announcement, raising eyebrows
@Jaysyn@kbin.social avatar

The irony of a bunch software devs about to sue the shit out of Unity to get EULAs invalidated.

Hazzard, do games w Starfield getting DLSS support, FOV slider, HDR calibration, and more

Oh, good! I honestly kinda expected Bethesda to do nothing about the missing PC options, especially DLSS. The platform clearly hasn’t been their priority.

Cosmonaut_Collin, do games w Starfield getting DLSS support, FOV slider, HDR calibration, and more
@Cosmonaut_Collin@lemmy.world avatar

This is stuff that should be available on release day for all fps games. I can’t believe companies keep getting away with releasing beta version of games as a full release.

redcalcium,

Could’ve been worse. Microsoft actually delayed Starfield for 2 years so Bethesda can supposedly fixed as much bugs they can before release.

wesker,
@wesker@lemmy.sdf.org avatar

But if you don’t preorder, you wont get the special costume and mount.

Fjaeger, do games w Unity bosses sold stock days before development fees announcement, raising eyebrows

This isn’t insider trading?

ShadowCat, (edited )
@ShadowCat@lemmy.world avatar

My friend told me about this earlier and that’s exactly what I thought. They knew this wouldn’t be popular and would drop the value so they sold before the announcement, that’s got to be insider trading

Aux,

Now the share price will drop and he will buy his share back at a discount. Then they will revert the policy and share prices will rise. Boom! Free monies!

Daisyifyoudo,

And when it’s all said and done, we just have to wait, on our knees, for the trickle down Yay! Unfettered Capitalism working just as intended.

WYLD_STALLYNS,
@WYLD_STALLYNS@lemmy.dbzer0.com avatar

When you think about it, trickle down economics is essentially getting a golden shower from the rich.

Daisyifyoudo,

Oh, if we’re lucky its just a golden shower…

NewNewAccount,

Trickle on me, daddy.

Bartsbigbugbag,

He’s actually sold over 50,000 shares and not bought any. It’s just unloading.

Aux,

It’s too early to buy back.

Whirlybird,

Read even the text posted in the OP. They’ve been selling all year, likely due to being paid in stock.

TimLovesTech,

I think the part where they had a trend of selling over the course of a year makes this not insider trading (or harder to prove if they were playing the long game).

mean_bean279,

They probably have automated sell of dates or automated sell of prices.

This is part of a consistent pattern over the last year.

He probably hasn’t bought any stocks due to receiving stock as part of his employment contract.

It could be insider trading, but considering how companies have been doing pricing structures and rapid shifts from free to subscription based and then seeing sales/profit increase I imagine it’s worth it for them to simply keep the stock long term, but an initial sell off was put in place at a certain price. Sometimes there’s smoke and there’s fire, and sometimes it’s just simply the fumes of capitalism creating a system that’s uniquely imbalanced for everyone else, but isn’t really insider trading.

IWantToFuckSpez,

Not if it is an automated scheduled sell and reported to the SEC.

Ajen,

Still insider trading, just not the illegal kind.

EnderofGames,

I feel like a scheduled sell shouldn’t mean insider trading investigation is off the table.

Does it really matter if they decided to sell just before they devalue their company, or they devalued their company right after a sell? They knew about both before hand, and they can have the same intent either way.

Bluescluestoothpaste,

I suppose, but that’s a different crime under a different statute Im guessing. (Tanking the company because gou have a scheduled sell, versus selling because you tanked the company.)

Whirlybird,

They’ve been consistently selling off stock for the last year as noted in the article. Many of these execs get paid in a combination of cash and shares. To get their full wage they sell shares.

BlazeDaley,

According to the Form 4 filed with this sale, the trade was planned at least as of May 19 using a 10b5-1.

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2023.

www.sec.gov/…/wf-form4_169420518678431.xml

Anticorp, (edited )

Yes.

Whirlybird,

No, as the article says they’ve been doing it all year. Many execs and important employees often get paid a big chunk of their wage in stock. To get cash they need to sell stock.

Seytoux, do games w Square Enix games misfire due to being "single producer's fiefdom", report suggests

My two cents …

As much as I have loved FF and other Square Enix franchises since I was a child, as of late, I feel like they want to continually disrespect their fan base. I should be clear that I am not anti-capitalist, by all means, they work in those games and deserve to be paid (even more so the devs to be compensated fairly), that said, there have been this trend over there in the last years, imo, that it’s ok to release unfinished games and sell you the complete version of this games either on dlcs which … not ok, but still manageable, or making you purchase a whoooole new game, sometimes not even being available on one console or the other, just to enjoy the game as originally intended. I’m looking at DQXI, and FFXV, which I love, both of them and feels like a F you to buy a whole complete 60$ game just for added content (not extra, part of the main story) or features.

So, came FFXVI, I decided I’m not a little kid anymore that can’t wait for something, also have already a monstrous backlog from years since I don’t have the time to play so much anymore and I can wait one or two years till they release of, inevitably, the finished/revised version: FFXVI “Royal” “Plus” “Definitive” or whatever “cute” name they are going to slap on that to justify the re-purchase.

Atlus, pulls this also.

That’s the rant.

GregoryTheGreat, do games w Unity bosses sold stock days before development fees announcement, raising eyebrows

CEO runs his business like a business that makes him money. This and more at 10.

Heavybell, do games w EA confirms The Sims 5 will be free-to-play and co-exist alongside The Sims 4
@Heavybell@lemmy.world avatar

Want that couch? It’ll take your sim 4 real time weeks to earn it with their pay, or you could just spen $15 in real dollars and get it now. Another for the guest room, or because you lost the first in a cooking fire? $15 more, please.

greenskye, do games w EA confirms The Sims 5 will be free-to-play and co-exist alongside The Sims 4

I’ve basically never seen a free to play title cost less than a paid one (for similar content). Typically free to play has some sort of completely uncapped money-sink as well. Given that Sims 4 already costs $500+ for all content, I can only surmise that Sims 5 will cost thousands for the same amount of content.

sugar_in_your_tea,

Yup, my wife has spent far more on Lost Ark than she ever spent on WoW…

I hate F2P, so I’ll be passing on this, but the model does work.

space, do games w EA confirms The Sims 5 will be free-to-play and co-exist alongside The Sims 4

Game is free but now you pay real money instead of sims money for building the house. No more motherlode and rosebud for you.

NOT_RICK, do games w Unity backtracks slightly on plans to charge developers for game installs
@NOT_RICK@lemmy.world avatar

They’re idiots for this policy. You alienate your devs, you ruin your platform.

Saledovil,

Most businesses get ruined if you alienate your customers. The exception would be monopolies.

WheeGeetheCat, do games w Unity backtracks slightly on plans to charge developers for game installs
@WheeGeetheCat@sh.itjust.works avatar

Unity had made their plans clear. Whether they backtrack a bit now or not doesn’t matter. We know what direction they are heading: squeeze more money out of indie devs

sickday,
@sickday@kbin.social avatar

That's correct. Even with this backtrack, it's a safe bet that they'll likely re-introduce this same policy with different wording once they believe their consumers have calmed down.

gravitas_deficiency,

The controlling shares of Unity are held by a trifecta of private equity and venture capital organizations. That’s why this is happening. It’s a classical presentation of the (short-term) profit über alles enshitification cycle.

stopthatgirl7,
!deleted7120 avatar

And seeing as how the CEO sold 2000 shares just days before this announcement, short-term profit really is all they’re in for.

Amaltheamannen,

2000 shares is nothing

stopthatgirl7,
!deleted7120 avatar

The insider transaction history for Unity Software Inc shows a clear trend: over the past year, there have been 49 insider sells and no insider buys. This could be a red flag for potential investors, as it suggests that those with the most intimate knowledge of the company's operations and prospects are choosing to sell their shares

sugar_in_your_tea,

Or it just means they see it as compensation and are selling for taxes and expenses, not because they are worried about the long term direction of the company.

eestileib,

Ehh, the top folks at Google were all selling their maximum-permitted amount every window they got for a decade and the stock held up.

You typically don’t need to buy shares as an insider, the company just prints more gambling slips – er, I’m sorry, non-transferrable stock options – and hands them out.

ABCDE,

It’s best part of $80k, it’s still money made from insider trading.

sugar_in_your_tea,

No, it’s probably just being sold to pay taxes.

ABCDE,

Which is still money.

sugar_in_your_tea, (edited )

Yes, but it doesn’t rise to the level of “insider trading,” which means using internal-only information to make trading decisions. If they sell these stocks regularly, on a schedule, in the same quantity, it’s not insider trading.

And that’s exactly what they’re doing, you can see their trades, and they’re consistent for about the same amount. So they’re not trading because of changes going on internally, they’re trading based on a schedule, probably because they need cash flow for some reason. My guess is taxes for their stock compensation.

nanoUFO,
@nanoUFO@sh.itjust.works avatar

Yeah it’s like knowing the foundation is structurally unsound and still deciding to build a house on it hoping it won’t get worse. It will.

Nioxic, do games w EA confirms The Sims 5 will be free-to-play and co-exist alongside The Sims 4

Lol

At least paralives is in development… (its slow though… but looks like a solid alternative to sims)

ninjan, do games w EA confirms The Sims 5 will be free-to-play and co-exist alongside The Sims 4

I really only want the house building. I had a blast in Sims 2-4 building my dream house and trying out floor plans, optimizing flow of everyday life and just the architecture/design aspects of making it look good. Sadly they always hit limitations which took the fun out of it due to not being able to build like you wanted. Especially roofs were tricky or impossible to get to look good. And slanted roofs wasn’t in any base game and I didn’t buy DLC (and haven’t played 4 in like 5 years+).

If someone could make an house architect game I’d so love it! Build a house for a family of 4 with a budget of X with these bullet point demands. Then get scored on stuff like usable sq footage, how well the bullet points got satisfied etc.

Blaze,
@Blaze@discuss.tchncs.de avatar

I completely get it!

CluckN,

Paradox announced a Sims-like game with a focus on modability. I’m hoping they pull a Cites Skylines and add some competition to the genre.

ninjan,

Yeah I saw that but it looked to also have a lot of focus on the dolls and not the dollhouse, I’m more about the house.

DocBlaze,

what you’re searching for is a game called house flipper. it’s on steam, and after reading your post I am 100% confident you will love it and should look it up.

ninjan,

Cool game and thanks for the recommendation! But the first one is only focused on renovations and while it’s fun to reimagine a space I’m not at all interested in the nitty gritty of renovations. I have my own house and have done a fair bit of renovation work so doing it in a sim game would be dreadful, I’ve never understood the whole genre of “do menial labour but as a game!” Like Euro Truck Simulator and it’s ilk.

The coming second game however talks about building a house from scratch as well which does sound promising! If the build process isn’t too time consuming and smooth it might be great. So I’ll for sure check that out once it’s out!

Cqrd, (edited ) do games w Unity backtracks slightly on plans to charge developers for game installs

There’s no way they can stop install bombings. There’s gonna be something that they rely on that can be changed somehow, and even if they find a way to perfect it, how could any developer trust that it’s flawless?

This is bad even if everything did work and everything was flawless. They’ve wrecked their trust here.

BobKerman3999,

Unfortunately there’s only unreal engine as an alternative…

Cqrd,

That’s not necessarily true. Lots of alternatives exist and Godot seems to be what all the cool kids are using now

sugar_in_your_tea,

And the 3D demos are impressive. The recent version uses Vulkan and has lots of interesting new features.

I hope this increased interest results in better funding. It’s a great project, just limited by manpower.

hypelightfly, (edited )

Godot is also an alternative and it's free/open source so no worries about the company completely changing how they charge you in the future and destroying all the work you have done for years.

https://godotengine.org/

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