EA Shares Plummet as Gaming’s Most-Hated Company, Will Apex Battle Royale be its ‘Fortnite’?

After a difficult 2018 characterised by sluggish sales and further loss of ground to multiplayer juggernaut ‘Fortnite‘, EA has taken another huge hit after newly released earnings figures of $ 262 million for Q3 2018 showed that the company missed its $ 1.38 billion revenue target for 2018 by some way. The new figures showed a $ 90 million revenue shortfall against its projected annual revenue as the gaming giant, famously rated as America’s most hated gaming company made $ 1.29 billion in 2018. While this figure is 11 percent up on the 2017 figure, it underlines the extent to which EA is losing

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$225 Billion Abu Dhabi State Fund Dumps 35 Million AMD Shares for Cash – Has the Chipmaker Hit a Market Top?

Sovereign wealth fund Mubadala Investment Co has announced the sale of nearly 35 million shares in semiconductor firm Advanced Micro Devices (AMD). According to Reuters, the state fund of Abu Dhabi disposed of 34.9 million common equity shares in AMD. Mubadala also intends to convert 75 million warrants in the chipmaker into common equity shares. After the conversion Mubadala will have an ownership stake of around 6.9%. The chipmaker will benefit from the conversion to the tune of $ 448.5 million. Per a spokesperson, Mubadala’s decision to sell part of its stake in AMD was driven by its investment strategy. This

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Bear Market Bites Bitcoin Unicorn Circle, Shares Plunge 80%: Report

According to reporting by The Block, the value of shares in Circle, a privately-owned crypto company, has dropped dramatically over the last year. Frostbite: Bitcoin Unicorn Circle Suffers Sinking Valuation amid Crypto Winter Referencing a platform called SharesPost, the report indicates that the stock has dropped from an opening price of $ 16.23 to $ 3.80 as of today. SharesPost enables accredited investors to buy and sell shares in private companies. Earlier, R3 advisor Tim Swanson tweeted that more major cryptocurrency companies are trading well below their most recent valuations in the secondary markets. at least one secondary market for private companies is

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Sony Shares Sink 8% Amid Declining Gaming Sales – Is a PlayStation 5 Coming in 2020?

Shares of Sony fell by 8% after the Japanese entertainment and technology giant recorded a decline in sales and profits. Specifically, Sony’s gaming division, which has become increasingly critical to the conglomerate saw operating income from games fell by 14% to $ 666 million during the October-December holiday quarter, according to Bloomberg. Sony sold 8.1 million units of the PlayStation 4 during the quarter in question. The PS4 is currently in its sixth year. For the full year, Sony also reduced its forecast from 8.7 trillion yen to 8.5 trillion yen. Sony’s Shares fall in Tokyo Consequently, Sony’s shares fell 8.1%

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PG&E Shares Spike in After Exoneration from California Wildfires

By CCN.com: Over a week ago, PG&E stocks lost most of their value faced with PG&E’s possible $ 30 billion in liabilities pertaining to wildfires and potential bankruptcy. PG&E’s share price hiked 75% today. PG&E has been cleared of responsibility for the 2017 Tubbs Fire. The fire destroyed 2,800 homes, a total of 5,643 structures, and … Continued

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Jeff Bezos Still in the Game: Blue Origin and Amazon Shares Fly

By CCN.com: You might think after all the press attention over his divorce, Jeff Bezos might be looking for a quieter 2019. Not so, he’s been spotted stepping out with his mistress Lauren Sanchez. And, with so many big buck projects on the go, it’s not like he’s going to be able to hide away.

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Was the Netflix Price Hike a Mistake? Shares Fall as Hulu Slashes Rates

By CCN.com: Popular streaming service Netflix made headlines – and undoubtedly left some customers up in arms – after a round of price hikes that represented the company’s largest since its streaming service launch. Is Netflix’s Rate Hike Coming Back to Bite the Streaming Giant? As CCN reported, Netflix raised subscription fees by between 13-18%. The

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Newsflash: Tesla Shares Nosedive After Major Analyst’s Consensus Turns to ‘Sell’

By CCN.com: Elon Musk and Tesla’s poor start to 2019 looks like it’s set to get worse. After news of a $ 1 billion debt balance and cost-cutting layoffs, analysts are adding to Tesla’s trauma. Tesla shares ended yesterday 1.11% down. Premarket moves showed a further fall for Tesla of over 2% as RBC downgrades the stock

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