I hope unity’s shareholders are happy with what they hoped for. This is the result of driving a company too far. Let’s makes this a guideline to follow for other companies not to make such shady decisions.
It becomes more appearent with every new instance of protest that there’s something equally valuable for a company as money, and that is community trust. Because losing it can stop growth. I love the new layer of accountability we obtained with the internet.
The problem is a lot of executive compensation packages are based on short term growth rather than long term growth. So CEOs are incentivized to maximize profits today at the expense of tomorrow so they can get that sweet sweet bonus money. It’s a fundamental flaw with our entire economic system that I don’t think is likely to fix itself.
Shareholders aren’t humans with ethics or a conscience. Remember when bby koty was in the news for sex harass? Bliz stuck went down. War Bufet bought bliz stucks and then when the new cycle moved on bliz stuck rebound and war buf MADE FUCKING MONEY OFF OF A SEX HARASS.
And then there was a news cycle about how smet war buf is.
I hope unity’s shareholders are happy with what they hoped for. This is the result of driving a company too far. Let’s makes this a guideline to follow for other companies not to make such shady decisions.
I don’t think that’s going to happen as long as the ownership structures surrounding shareholders remains the same. It’s not the average person who invests in Unity that’s doing this, it’s the wealthy equity firms with significant holdings that are pushing for this unsustainable behaviour. After the 2008 crash, the EU, the US, Canada, and the UK all did studies on the economic stability of coops (1-person-1-vote democratically owned businesses) versus traditional companies and found that the coops were considerably more sustainable:
The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7 percent of all the write-downs and losses between the third quarter of 2007 and the first quarter of 2011.
(UK) A further study found that after ten years 44 percent of cooperatives were still in operation, compared with only 20 percent for all enterprises.
(US) Credit unions, a type of cooperative bank, had five times lower failure rate than other banks during the financial crisis and more than doubled lending to small businesses between 2008 and 2016, from $30 billion to $60 billion, while lending to small businesses overall during the same period declined by around $100 billion.
A 2010 report by the Ministry of Economic Development, Innovation and Export in Québec found the five-year survival rate and ten-year survival rate of cooperatives in Québec to be 62% and 44% respectively compared to 35% and 20% for conventional firms.
There’s also a study using 100 years of data on French wine coops vs non-coop wine companies showing similar results: not only do coops survive longer, the survival rate gap widens over time as more and more non-coops collapse [Cooperatives versus Corporations: Survival in the French Wine Industry. Journal of Wine Economics, 13(3), 328-354. doi:10.1017/jwe.2017.1]
2023 is the year the free money stopped flowing. Without limitless 0% interest money, tech companies that have been losing money for their entire existence have to start making a profit or go bankrupt.
Mobile games don’t qualify as games. They’re riddled with micro transactions and ads, and I would know… I’m complicit in this, as I’m translating their games, of which the cash shops are a noticeable chunk.
May unity milk them till the udder produces nothing but pus.
Agreed, there are very very few actually good experience on mobile and most of those got ported to PC. Too bad non mobile devs have to suffer because Unity see’s a easily exploitable goldmine in mobile gaming.
Not everybody’s cup of tea but genshin impact is unironically a very good game. I was extremely skeptical at first but got drawn in by the world building, the soundtrack, the combat system, and it also filled the void of a new world to explore that WoW left behind after I quit.
I would say that the most obnoxious games live on mobile but think it's going to hard the other way to say good games on mobile don't exist.
Mostly you have to pay for the good ones which is true of most things in life. I say this because I've been playing Root, Kingdom Two Crowns and the Rusty Lake games this week on my tablet and feel like a lot of people also play quality things not crap on mobile devices
Something I think people miss is, at any point in the future anyone can make any inane pricing decision, and people are screwed in lieu of response.
The one apple seller in a town that sells all kinds of baked goods jacks up prices of apples to $100 each. There will be an outcry, people will scramble to get another apple supplier, and in the meantime they will have a hard time putting out products.
This is basically what we’re seeing now: Inane pricing hurts everyone, we just need to make sure overall it hurts Unity more. I can only imagine we ever see this type of thing from crazed MBAs that are increasingly out of touch with reality and consequence.
That’s an interesting perspective. From my limited understanding, it might be plausible to prove in court. Could anyone be enticed to bring a RICO suit against them?
The one apple seller in a town that sells all kinds of baked goods jacks up prices of apples to $100 each.
No, it’s more like one apple seller who arbitrarily decides that the people who already bought apples from them at a lower price now need to pay extra.
2000 shares is not millions… that’s less than $100K at the current share price. For scale, the CEO was paid over $8 million in stock in 2022, of which he sold about 50000 shares over the course of the year, which would translate to roughly $2 million worth, which I assume means he’s holding many more shares.
I just don’t see it. Seems far more likely that he just regularly sells shares as income.
I do agree the other two are more scummy than the CEO.
We entered this industry for the love of game development, but what makes it truly special is the community—a community built on openness, shared expertise, and collective progress.
And also in app purchases, subscriptions, pay to win, etc.
I hear you but that’s also the kind of games that overpopulates the market and brings money. Some shitty exploitative timekillers for smartphones are bigger than top ten AAA games combined. Idk any of these companies, but if abusive apps’ devs come to discussing that, it means a lot.
I’d move the fuck away from Unity even if they did roll back all their latest bullshit.
It’s only a matter of time before they pull another stunt like that.
Remember, their shitstain of a CEO, surrounded by his troupe of yesmen, all thought this was the best idea ever.
This was a long time coming. In every instance so far, the “little” people (devals, programmers, studios and so on) have been cast aside for more everything be it exposure or money or other companies. They all see ti get far too big for their britches and at the same time forget where they came from and who helped make them who they are. It’s about time this standing up to Big Corp happens. They have FA far too long its time those “little” people teach Big Corp a lesson and make Big Corp FO. Business is about (or at least should be)far more than money and making obscene abouts of profits year over year. When people have nothing left to lose and people feel pushed into a corner for too long they’re gonna fight back. It’s happened all through history. Let this be the chage that needs to happen.
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Aktywne