That Activision Blizzard, a company that created works such as World of Warcraft O Call of Duty, is going through a fairly low stage is an undeniable reality. In recent months, we have seen the North American giant be surrounded by scandals, complaints of sexual harassment and discrimination in the workplace, resignations of important positions and delays of some of its great titles. It was clear that all this was going to shock him, and now we are seeing some of the repercussions that all this has had.
It is to be expected that the financial section of the company has suffered. It has been seen how the value of their shares has been going down since June, which is when the gruesome details of its inner workings began to emerge, but, until now, it had managed to maintain the title of the most valuable entity in its country. What has changed?
In March of this year, Roblox went public. This name may not be so popular here in Spain, but the company that owns the platform for the creation of games and minigames has a great weight in English-speaking countries, so its arrival on the stock market was a very remarkable event in those markets. And you can see that nothing is going, not bad.
As reported from el Wall Street Journal, Roblox shares jumped a titanic 42% after publishing its first earnings report, putting the company in a more than robust position. This increase in value has caused the corporation to exceed the value of 62 billion dollars, putting it well above the 52 billion attributed to Activision Blizzard.
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Although it may seem that this is a very hard blow for the North American giant, the conglomerate continues to enjoy a privileged position, placing its next direct rival, Electronic Arts, at a value of almost 40 billion. Of course, it does not look like the thing is going to stay there, well the investigations and the complaints against the company are running their course and they have not yet come to an end.
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