Activision Blizzard under Investigation for Fraud Following Bungie Split

Megalith

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Activision Blizzard’s stock tanked after the publisher announced it would be splitting from Bungie, prompting investors to investigate whether the company “engaged in securities fraud or other unlawful business practices.” Some presume it’s to determine how long Activision Blizzard knew about the split, or whether there was insider trading involved (stock being sold right before the announcement).

“On January 11, 2019, the Company disclosed that it would be separating from its design and development partner Bungie, Inc. (‘Bungie’) and that Bungie will assume full publishing rights and responsibilities for the Destiny franchise. Bungie had developed the Destiny franchise with Activision as publisher. In the first five days of the Destiny franchise’s release, it sold $325M at retail. Following this announcement, Activision’s stock price fell sharply during intraday trading on January 11, 2019.”
 
All the investors that take peoples money then don't really do anything other than dump it in the flavor of the day are pounding sand over this and looking for any excuse to tell their clients that it wasn't their fault for losing all their money. POUND THAT SAND
 
The speculators are angry!

I believe the source of this is a law firm that specialises in convincing investors to pay them to "protect their interests" with regards to perceived fraud after that fraud as allegedly happened.

They're like ambulance chasers for fallen share values.

I could be wrong, but I think that's the firm in question.
 
Stock market is a joke. It's all about creating a bubble and seeing how much money you can make before it pops. Is it a wonder why the gaming industry is seeking to create games with micro-transactions just to appease the stock holders? Suddenly without warning (there was plenty of warning actually) gamers are sick of the AAA gaming industries shit.
 
I would have shorted their stock years ago after how I felt playing d2 at pax.

D2 is a real lemon in my book. It's not even as good as d1 was.
 
yes buy stocks!

The Mobil version of Diablo is going to make tens of hundreds of dollars

ROFL
You think you're being funny but chances are it will make them tons of cash. It has been proven time and time again that the minority that whines and kicks up a storm on the internet does not equal the majority that will still spend tons on it.

Just because big fans are pissed doesn't mean the large majority that don't follow geek news won't see Diablo in the app store and instantly download it, as much as I wish that wasn't the case :(
 
I would have shorted their stock years ago after how I felt playing d2 at pax.

D2 is a real lemon in my book. It's not even as good as d1 was.

I disagree. I love Destiny 2. Destiny 1 was a terrible game to play if you didn't have gaming buddies.
 
You think you're being funny but chances are it will make them tons of cash. It has been proven time and time again that the minority that whines and kicks up a storm on the internet does not equal the majority that will still spend tons on it.

Just because big fans are pissed doesn't mean the large majority that don't follow geek news won't see Diablo in the app store and instantly download it, as much as I wish that wasn't the case :(

Not being funny. It's called market analysis. They had to give D2 away practically. I personally paid 15$ at goodwill for d2 and If I was smart, I would have traded that POS right away. I still have my shirt from D1, My stupid Ages of triumph shirt.

https://www.metacritic.com/game/playstation-4/destiny-2/user-reviews

I don't consider a 4.9 score to be a very good game. Do you? And again, I knew that from a beta taste at pax.
 
You think you're being funny but chances are it will make them tons of cash. It has been proven time and time again that the minority that whines and kicks up a storm on the internet does not equal the majority that will still spend tons on it.

Just because big fans are pissed doesn't mean the large majority that don't follow geek news won't see Diablo in the app store and instantly download it, as much as I wish that wasn't the case :(
The mobile version of Diablo probably isn’t for me, but it is for somewhere around 1.5 Billion Asians where mobile games are a huge market. This has the potential to be one of their best selling titles ever.
 
Dec 13th - $48.51
Dec 24th - $43.99
Jan 3rd - $45.38
Jan 10th - $51.35
Jan 11th - $46.54

looks like it rose a over a few days then corrected.
 
Hell back in Oct their stock was at $83 and has been dropping ever since. It isn't hard to tell that whatever happen in Oct was the issue, nothing that happen here in the last few days.
 
Hell back in Oct their stock was at $83 and has been dropping ever since. It isn't hard to tell that whatever happen in Oct was the issue, nothing that happen here in the last few days.

cough, call of duty BO4 launched and is still a crashing steaming pile of garbage 3 months later.
 
Stock market is a joke. It's all about creating a bubble and seeing how much money you can make before it pops. Is it a wonder why the gaming industry is seeking to create games with micro-transactions just to appease the stock holders? Suddenly without warning (there was plenty of warning actually) gamers are sick of the AAA gaming industries shit.
Who cares about the cattle gamers. It is government involvement that is spooking speculators.
 
These lawsuits always get filed when a stock has a major decline, they almost never amount to anything.
 
LOL My game isn't real Help

I haven't play Destiny 2 since launch it's just like Destiny 1
 
Hell back in Oct their stock was at $83 and has been dropping ever since. It isn't hard to tell that whatever happen in Oct was the issue, nothing that happen here in the last few days.
BO4, Blizzcon, BFA reception, HOTS being put on the back burner. Theres so much that went wrong. IMHO Destiny 2 forsaken is about the only thing in the blizzard client that has improved.
 
Hell back in Oct their stock was at $83 and has been dropping ever since. It isn't hard to tell that whatever happen in Oct was the issue, nothing that happen here in the last few days.

Everything back in Oct. was a lot higher...
 
LOL My game isn't real Help

I haven't play Destiny 2 since launch it's just like Destiny 1

Not sure if you've followed the game since, but it's changed a fair bit.
It still requires friends to be fun however.

The ONE THING i can't get by however is there is a microstutter issue.
And it ONLY effects computers running higher than 60hz refresh rates.

It's existed since launch, some players are furious, i can guarantee they lost a large chunk of the hard core crowd. Not [H]ard approved imho.
 
Not being funny. It's called market analysis. They had to give D2 away practically. I personally paid 15$ at goodwill for d2 and If I was smart, I would have traded that POS right away. I still have my shirt from D1, My stupid Ages of triumph shirt.

https://www.metacritic.com/game/playstation-4/destiny-2/user-reviews

I don't consider a 4.9 score to be a very good game. Do you? And again, I knew that from a beta taste at pax.
But doesnt that sort of prove what I was saying? Even with those review scores I'm pretty sure Destiny 2 still made them a shit ton of money considering Destiny 2 (along side COD WWII) were some of the top selling games of 2017. My point was despite what critics and forum warriors say games can and still do sell well based on IP names and advertising budgets alone. Diablo Mobile will do very well despite our cries, and like already stated by Lakados the asian market will probably eat the game up even if we dont. I cant think of many AAA games that actually did poorly due to fan backlash, Starwars BF2 comes to mind but I cant really think of much more.
 
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