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Gaming stocks plummet on Trump executive order scare

Gaming stocks plummet on Trump executive order scare

Gaming stocks tanked Friday after Trump’s executive order—targeting TikTok-parent company ByteDance and WeChat-parent company Tencent, which has stakes in a host of US gaming companies. Tencent holds a 100% stake in Riot Games, the maker of League of Legends, as well as a 40% stake in Epic Games, maker of Fortnite, and a 5% stake in Activision Blizzard, known for its popular Call of Duty franchise

Clara
Clara
James Villalobos
James Villalobos 1 months

The gaming industry has an incredibly flat demand curve. If AAA titles have to cut their budgets by 10%, they'll still sell just as much. If AAA studios can't complete games, indie games will fill in the gaps. Not at all worried about the video games being "decimated" for these reasons.

Ryan Keller
Ryan Keller 1 months

Tencent can rot in hell. They only own cancerous games.

Andromeda
Andromeda 1 months

They love their exclusives, so they surely will love the exclusive sanctions.

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