Tag: Games Software

Chinese state media call video games ‘spiritual opium.’ Kids today should play pinball (yes, pinball)

Anyone who has witnessed a semi-catatonic teen playing a video game might agree with a recent stock market-moving assessment from China that the electronic medium is a form of “spiritual opium.” On Tuesday, such accusations sent shares of the China multinational technology group Tencent 700, +3.33% and other companies in the gaming industry — including […]

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People are still playing a lot of videogames, but how much?

Videogame publishers anticipate the pandemic-fueled turbocharging of their industry is here to stay, but engagement is slowing and hurting their stocks. Going into earnings season, Wall Street knew that comparisons to last year would be tough. The April-to-June quarter lapped the first full calendar quarter of pandemic stay-at-home mandates, when videogame demand skyrocketed as it […]

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Zynga stock drops as outlook overshadows earnings beat, M&A momentum

Zynga Inc. shares dropped Thursday as the videogame publisher’s outlook overshadowed results that topped Wall Street estimates, amid continued M&A momentum and a move to reduce its physical presence in San Francisco. Zynga ZNGA, -1.31% shares plummeted 16% after hours, following a 1.3% decline to close at $9.77. Zynga shares closed at their highest level […]

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