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Bank of America's Shocking Valuation of CD Projekt

Kamil Kleszyk, 09 June 2022, 14:30

The listing of CD Projekt, Poland's largest video game developer, has fallen below $23 per share. On Thursday, the market saw a new recommendation from Bank of America, setting the price at 2017 levels.

CD Projekt Stock Plummets; Cyberpunk 2077 Sale Forecast Worsen

Jacob Blazewicz, 24 May 2022, 21:03

Report by BOS brokerage house predicts no major successes both for CD Projekt group's stock and for Cyberpunk 2077.

Nvidia Pays Multimillion-dollar Fine Over Cryptocurrencies

Patryk Michas, 07 May 2022, 16:02

Nvidia has been fined a sizeable amount of money. The reason is cryptocurrencies, or more precisely, the lack of disclosure of reliable information about their impact on the company's revenues.

Shareholders Eagerly Supported Microsoft's Acquisition of Activision Blizzard

Michael Zegar, 29 April 2022, 10:32

Almost all shareholders have backed Microsoft's acquisition of Activision Blizzard. The deal should be finalized by the middle of next year.

CD Projekt Stock Dips Due to Delayed Witcher and Sales Ban in Russia

Michal Ciezadlik, 19 April 2022, 14:48

The latest stock market quotations are not favourable for CD Projekt. Despite higher profits than expected, the company's result fails to gain trust of analysts and investors.

Microsoft's Acquisition of Activision Blizzard Jeopardized; Shareholder Urges Opposition

Jacob Blazewicz, 15 April 2022, 18:52

SOC Investment Group is going one step further in its fight against Activision Blizzard's „incompetent” board. One of the shareholders is pushing other investors to vote against Microsoft's takeover of the company.

Elon Musk Praises Cyberpunk 2077 and Promises Steam Games in New Tesla

Michal Ciezadlik, 23 February 2022, 19:32

The recently released update 1.5 for Cyberpunk 2077 enjoys a warm reception from the public - including billionaire Elon Musk, who praised the game on Twitter.

GTA 6 Launch in 2024 at the Latest, Claims Stock Market

Adrian Werner, 13 January 2022, 14:39

The financial forecasts of Take-Two Interactive gave a good indication of the planned release date of Grand Theft Auto VI. They show that the game will debut in early 2024 at the latest.

CD Projekt Will Pay Investors Disappointed With Cyberpunk 2077

Adrian Werner, 16 December 2021, 15:13

CD Projekt has signed a settlement with investors who sued the company over the underperformance of Cyberpunk 2077.

Activision Blizzard Scrutinized by State Authorities

Michael Zegar, 02 December 2021, 21:14

Activision Blizzard's case is getting more and more dicey. State treasurers who own shares in the company have expressed a desire to meet with its board of directors. It seems that the drastic drop in the California publisher's stock price has caught their attention.

Fall Guys and Enter the Gungeon Publisher Goes Public; Sony Among Investors

Hubert Sledziewski, 04 November 2021, 21:01

Devolver Digital, publisher of games such as Fall Guys, Enter the Gungeon, Gris and Shadow Warrior 2, has gone public. The once small company immediately attracted industry giants like Sony, which became one of its investors.

Tencent Becomes the Largest Shareholder of The Medium and Blair Witch Devs

Hubert Sledziewski, 08 October 2021, 19:59

The Chinese company Tencent has acquired 21.97% of shares in the Polish studio Bloober Team, becoming the company's largest shareholder. It is another large corporation which became interested in the creators of such games as Blair Witch or The Medium.

Activision Blizzard Taking More Flak; Shareholder Calls Out Company's Inadequate Actions

Czarus, 11 August 2021, 18:09

Activision Blizzard received a letter from one of its shareholders, who stood up for the company's employees. It contains criticism of the developer's actions to date and presents a proposal to rectify the situation.

Tencent Loses Billions After China Calls Video Games Spiritual Opium

Arkadiusz Strzala, 04 August 2021, 17:31

The effects of an unfortunate term used in the Chinese media turned out to be greater than anyone could have expected. Tencent loses $60 billion through falling stock price.

Activision Blizzard is Feeling the Heat - Another Lawsuit, Employee Distrust

Michal Ciezadlik, 04 August 2021, 15:30

Emotions in the Activision Blizzard case continue to rise, fanned by by the publication of more facts. Company's employees began to unite in a coalition of workers, which strongly opposes cooperation with the law firm WilmerHale. Also the shareholders have lost patience and have decided to file a separate class action lawsuit.

British Investment Fund Demands CD Project Executives to Step Down

Milosz Szubert, 07 June 2021, 16:17

British investment firm Abri Advisors, one of CD Projekt's shareholders, has sent a special letter to the creators of The Witcher and Cyberpunk 2077. It demands the immediate resignation of Adam Kicinski and Marcin Iwinski. Otherwise it will urge the remaining shareholders to replace the entire board.

Fate of Cyberpunk 2077 on PS Store Remains Unknown; $1,37 Dividend Per Share

Szarmancki, 25 May 2021, 20:48

CD Projekt CEO Adam Kicinski comments on the continued lack of Cyberpunk 2077 on the PlayStation Store. At the same time, the company's shareholders are allocating more than half a billion PLN (over $130 million) in dividends, which will result in a payout of PLN 5 ($1,37) per share.

New Strategy Didnt's Save CD Projekt From Losing Stock Value

Jacob Blazewicz, 31 March 2021, 20:59

March 31 turned out to be fatal for CD Projekt's shares. The company's new strategy and update 1.2 for Cyberpunk 2077 disappointed the investors.

Roblox Overtakes EA and Take-Two on the Stock Market

Ness, 11 March 2021, 18:37

The company behind the popular online sandbox game Roblox has successfully debuted on the New York Stock Exchange. The game's popularity is constantly growing and the company is currently worth more than EA or Take-Two.

Bitcoin Goes Over $50k

Capitalny, 17 February 2021, 11:00

BTC has crossed the $50,000 barrier for the first time, achiving a new record. Companies such as Tesla and BNY Mellon, which are increasingly showing interest in this market, may have significantly contributed to this situation.

Embracer Group Exceeds Ubisoft in Terms of Market Value

Adrian Werner, 10 February 2021, 11:39

Ubisoft is no longer the most valuable company in the European games industry. Yesterday it was overtaken in terms of market capitalisation by Embracer Group, which includes THQ Nordic and Deep Silver, among other entities.

Bitcoin Regains Popularity and Sets Historic Record

Capitalny, 05 February 2021, 16:53

January turned out to be the month when more than 22.3 million unique addresses on the Bitcoin network were used to receive or send the most important cryptocurrency. It's a new record.

Dogecoin Shoots for the Moon Thanks to Elon Musk and Reddit

Adamson, 02 February 2021, 14:12

The value of memetic cryptocurrency Dogecoin has grown by a thousand percent at its peak, all thanks to a campaign by Reddit users and tweets by Elon Musk pushed Dogecoin for top spot among cryptocurrencies according to their market capitalization.

Story of WallStreetBets and GameStop Short Squeeze Could Become a Movie

Milosz Szubert, 01 February 2021, 19:00

Deadline reports that MGM has taken steps to buy the rights to the planned book The Antisocial Network, which will be written by Ben Mezrich. It will tell the story of the group from the WallStreetBets subreddit that electrified the public last week.

Activision Blizzard Achieves Record Value

Tom Borys, 21 January 2021, 21:48

Activision Blizzard can count the last few months as extremely successful. The company's value has never been so high, and its thanks to, in part, by the COVID-19 pandemic.

Cyberpunk 2077 Devs May Face a Lawsuit

Dameredet, 20 December 2020, 15:46

Cyberpunk 2077 problems continue. A law firm became interested in the fate of investors who bought CD Projekt Red's shares and lost money.

CD Projekt Stocks Plunge After Cyberpunk 2077 is Pulled From PS Store

Bart Swiatek, 18 December 2020, 14:29

The decision to remove Cyberpunk 2077 from PlayStation Store had a negative impact on CD Projekt's stock price. The Polish publisher lost nearly 20% at the opening of the Warsaw Stock Exchange.

Elon Musk Takes Over Bill Gates as World's Second Richest Man

Bart Swiatek, 24 November 2020, 13:41

Thanks to the stock market success of Tesla, its founder - billionaire Elon Musk - earned as much as $100.3 billion this year. Thanks to that he overtook Bill Gates in the ranking of the richest people in the world.

The World Reacts to Yet Another Cyberpunk 2077 Delay

Bart Swiatek, 28 October 2020, 10:57

Yesterday, CD Projekt RED delayed the release of Cyberpunk 2077 for the third time, after declaring it had gone gold. The game will not be released until December 10, this year. This is how fans, journalists and investors reacted to the news.

CD Projekt Becomes Poland's Eight Biggest Company After the E3

Bart Swiatek, 10 June 2019, 16:47

After announcing the release date of Cyberpunk 2077 during yesterday's Microsoft conference on E3, the price of CD Projekt shares rose to a record high of PLN 233, although it dropped slightly later. At the highest, the company was the eighth largest company on the Warsaw Stock Exchange.

CI Games Plans to Issue up to 12 Million Shares

Agnes Adamus, 21 May 2019, 11:38

CI Games plans to issue up to 12 million shares. In this way, the company wants to attract about PLN 11 million (roughly 3 million dollars) from investors. This will enable, among other things, the development of an internal development studio working on Lords of the Fallen 2.

EA in Trouble, Apex Legends Loses Popularity

Bart Swiatek, 23 April 2019, 16:09

After a huge success in February, Apex Legends gradually stops enjoying the interest of streamers and viewers. The number of followers is now ten times lower than at the peak of the title's popularity.

Activision fires Chief Financial Officer. Company's shares fall

Bart Swiatek, 03 January 2019, 18:51

Activision Blizzard announced in a statement issued to the U.S. Securities and Exchange Commission that it will dismiss its financial director, Spencer Neumann. The dismissal is not related to the company's financial performance.

Nvidia's problems. Company shares cheaper by 54%

Bart Swiatek, 27 December 2018, 14:08

It looks like Nvidia and other big hardware manufacturers have some economical problems. Is there another hardware crisis ahead of us?

CD Projekt is the highest-ranking public company in Poland

luckie, 21 March 2017, 14:36

In the recent years Polish video game developers proved that they can make great games. It turns out that CD Projekt, the owner of The Witcher IP, is currently the highest-ranking public company in Poland.