News

Activision Stock Dropping in the Wake of Infinity Ward Scandal

Investors Likely Displeased

by Sarah



Overnight, all hell seems to have broken loose over at Infinity Ward, where some kind of scandal is brewing. We don't know all of the details yet, but it does seem like IW execs Jason Ward and Vince Zampella are no longer with the company due to some sort of human resources issue. While the gaming industry waits for more information, or a statement from either Infinity Ward or Activision, the publisher's stock is slowly dropping, which is sure to displease investors.

After stumbling upon the Activision/Blizzard stock quote a few minutes ago, the company's stock was down nine cents a share, which may not seem like a huge deal, but is still a noticeable decline. In the last few minutes, the auto-refreshing page has indicated continual drops, first jumping to a loss of thirteen cents, then fourteen, then sixteen, and now seventeen. By the time this article is published, it's likely to have dropped even more.

I can imagine that the investors are none too happy at this point, which means today probably won't be a fun day for Bobby Kotick. I know, I know, we all imagine the Activision head honcho goes to work and swims around in a pool of cash while smoking cigars and eating babies, but it's not all fun and games. We're still waiting for more information, and will surely pass it along when we get it.

Comments
To comment Login or
  • Veggie Jackson
    Veggie Jackson

    Stock markets is not art.

  • Zantagor
    Zantagor

    Any bad days Kotick have, is a good day for me >_>

  • selly
    selly

    I am one person who sure don't feel bad about Activision and as the saying goes " pride comes before the fall"

X

Gamervision Login

OR