CD Projekt Red Founders Have Lost $1 Billion Since Cyberpunk 2077 Launch | 8-Bit Eric

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Published on December 18, 2020 9:00:03 PM ● Video Link: https://www.youtube.com/watch?v=HA4j-lKIeOM

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Duration: 8:06

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Due to the rocky launch of Cyberpunk 2077, the founders of CD Projekt Red have collectively lost over $1 billion

The technical glitches plaguing CD Projekt SA’s Cyberpunk 2077 game have cut more than US$1 billion off the wealth of the company’s founders. Perhaps more seriously, the quality-first image of the studio has been shaken, and may not be easy to win back.

CD Projekt shares plunged by a third over the past six days as the number of bugs plaguing the highly anticipated futuristic game prompted an apology from the firm and an offer for refunds of gamers on previous-generation consoles. Short sellers have also started targeting the stock, with short interest up from less than 1 per cent of free float in September to 8.3 per cent on Monday, according to Markit data.

Source:
https://www.bnnbloomberg.ca/cyberpunk-2077-debacle-costs-founders-1-billion-of-wealth-1.1536673

#cyberpunk2077 #cyberpunk2077bugs #cyberpunk

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