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Nalezeno "business finance": 285

Sony Names PlayStation's New Bosses

14.5.2024
Sony has named existing company veterans Hermen Hulst and Hideaki Nishino as the new heads of PlayStation. Hulst will take over and run a new Studio Business Group while Nishino is in charge of the Platform Business Group. The division of roles replaces former CEO of Sony Interactive Entertainment...

GameStop's Meme Stock Explodes Again After YouTuber Roaring Kitty Returns

13.5.2024
It’s been three years since GameStop’s stock originally exploded during the pandemic as big-time investors capitalized on an internet feud between deep-pocketed hedge funds and very online Redditors. Now the meme stock is back for round two after Roaring Kitty, AKA Deep Fucking Value, AKA Keith...

GameStop Wants You To Start Trading In Your Valuable Pokémon Cards

10.5.2024
The market for high-end collectibles like rare Pokémon cards has exploded in recent years, and GameStop seems to want a piece of it. The gaming retailer told some store managers this week that it would begin testing buying Professional Sports Authenticator (PSA) graded trading cards later this...

In Company First, Nintendo Nominates Three Women To Board Of Directors

9.5.2024
Nintendo, founded in 1889, is perhaps the longest running gaming company around and, perhaps due to this fact, it has largely remained a boys’ club. This began to change for the better in 2020, when it nominated its first woman to the board of directors. Since then, the company has vowed to hire...

Warhammer's About To Get A Bit More Expensive

7.5.2024
Money is imaginary, and yet we imagine the worst possible version. As we all agree to pretend that swapping numbers on a computer, or paper and metal in person, makes sense as a transaction for goods, we also for some reason pretend that said goods get more expensive. As a result of this, Games...

YouTuber MrBeast Splits From Talent Management Company: Report

6.5.2024
YouTube’s biggest creator, Jimmy “MrBeast” Donaldson, is going through some changes. A year ago, he said that the pacing of his videos would slow down as he tried out a new editing style. That hasn’t exactly come to fruition just yet, but a new Semafor story indicates that MrBeast’s desire to shake...

Facebook Has Lost $1 Billion Every Month On VR Since June 2022

26.4.2024
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that since June 2022, the metaverse-focused division has lost a billion dollars per month, and Meta expects...

Embracer CEO Is Full Of Excuses

24.4.2024
The past year or so has been a slow-moving trainwreck for Embracer Group, following the large company’s unprecedented studio acquisition spree. And, after announcing on April 22 that the company was planning to split itself up into three different companies, the CEO of Embracer is only filled with...

GTA VI Publisher Cancels $140 Million In New Projects And Lays Off Hundreds

17.4.2024
Grand Theft Auto VI publisher Take-Two Interactive announced massive cuts in an SEC filing at the end of business today. The company revealed it will lay off 5 percent of its roughly 11,000-strong workforce and has cancelled several in-development projects valued at $140 million in an effort...

Dragon Quest Producer Steps Down Amid DQ12 Delays And Square Reorg

5.4.2024
Earlier this week, Square Enix began undergoing a reorganization that has seen countless staff shuffled around. The restructuring is a bid from Square Enix’s new president, Takashi Kiryu, to address “flagging sales” of the company’s entire portfolio, from AAA games to mobile titles. As part of...

Online Games Act Like Unregulated Banks, And The US Gov’t Has Noticed

4.4.2024
A new report from the United States Consumer Financial Protection Bureau (CFPB)—an organization focused on enforcing the laws that protect consumers—indicates the bureau is aware of and monitoring big online video games that are filled with in-app purchases, digital currencies, and shady...

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