403
Unity bosses sold stock days before development fees announcement, raising eyebrows (www.eurogamer.net)
submitted 1 year ago by geosoco@kbin.social to c/games@sh.itjust.works
38 comments fedilink hide all child comments

Unity executives sold thousands of shares in the weeks leading up to last night's hugely controversial announcement it will soon charge developers when one of their games is downloaded.

The company has subsequently softened its stance slightly on a couple of aspects - but fury across the industry remains.

Behind the scenes, CEO John Riccitiello shifted 2000 shares last week on 6th September, as noted by Yahoo Finance, which noted this move was part of a trend over the past year where the exec has sold more than 50,000 shares in total and bought none.

you are viewing a single comment's thread
view the rest of the comments
[-] Aux@lemmy.world 56 points 1 year ago

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@lemmy.world 24 points 1 year ago

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@lemmy.dbzer0.com 15 points 1 year ago

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

[-] Daisyifyoudo@lemmy.world 6 points 1 year ago

Oh, if we're lucky its just a golden shower...

[-] NewNewAccount@lemmy.world 2 points 1 year ago

Trickle on me, daddy.

[-] Bartsbigbugbag@lemmy.ml -4 points 1 year ago

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

[-] Aux@lemmy.world 0 points 1 year ago

It's too early to buy back.

this post was submitted on 13 Sep 2023
403 points (93.5% liked)

Games

16742 readers
931 users here now

Video game news oriented community. No NanoUFO is not a bot :)

Posts.

  1. News oriented content (general reviews, previews or retrospectives allowed).
  2. Broad discussion posts (preferably not only about a specific game).
  3. No humor/memes etc..
  4. No affiliate links
  5. No advertising.
  6. No clickbait, editorialized, sensational titles. State the game in question in the title. No all caps.
  7. No self promotion.
  8. No duplicate posts, newer post will be deleted unless there is more discussion in one of the posts.
  9. No politics.

Comments.

  1. No personal attacks.
  2. Obey instance rules.
  3. No low effort comments(one or two words, emoji etc..)
  4. Please use spoiler tags for spoilers.

My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.

Other communities:

Beehaw.org gaming

Lemmy.ml gaming

lemmy.ca pcgaming

founded 1 year ago
MODERATORS
nanoUFO@sh.itjust.works