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Ubisofts stock tanked this morning ahead of the markets opening (feddit.uk)
submitted 8 months ago* (last edited 8 months ago) by sirico@feddit.uk to c/games@lemmy.world
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[-] obinice@lemmy.world 37 points 8 months ago

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@lemmy.zip 52 points 8 months ago

This was also my initial take but look at these graphs with the Y axis starting from 0 Stock 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@sh.itjust.works 12 points 8 months ago

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@lemmy.world 2 points 8 months ago* (last edited 8 months ago)

I saw an anecdote from someone who used to work there and they said their infrastructure and resources were outdated as hell.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@lemmy.world 3 points 8 months ago

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

this post was submitted on 26 Sep 2024
517 points (94.5% liked)

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