(Gaming News) Activision Blizzard Stock Drops Following Diablo Drama At BlizzCon
Written by: NeoGamerX - 18:19 Nov-06-2018

Over the weekend at BlizzCon, Blizzard announced a brand-new Diablo title for mobile devices, Diablo Immortal. The reveal was met with some degree of backlash, as a portion of the fanbase hoped for an announcement of the next core Diablo instead. On Monday, when the New York Stock Exchange opened for the first time this week, shares of Activision Blizzard dropped significantly.

The company's stock value dropped by close to 7 percent on Monday (via Sarah Needleman of WSJ). Shares closed at $64.34, which is down from the previous day's close at $68.99.

In a note to investors, research firm Cowen & Company said "Blizzard severely miscalculated how their fans would respond, which suggests they aren't in touch with their players as maybe they should be."

More at https://www.gamespot.com/articles/activision-blizzard-stock-drops-following-diablo-d/1100-6463046/


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It dropped before Blizzcon. From what I've seen they dropped because Black Ops 4 was "only" as successful as Black Ops 3 was and it "only" made 550 million dollars in the first three days, so investors pulled out due to lack of growth… that's why Capitalism sucks, it's based on constant growth and there are a limited number of people with a limited number of interests…


It might drop even further now.

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