CD Projekt Stocks Plunge After Cyberpunk 2077 is Pulled From PS Store
The decision to remove Cyberpunk 2077 from PlayStation Store had a negative impact on CD Projekt's stock price. The Polish publisher lost nearly 20% at the opening of the Warsaw Stock Exchange.
IN A NUTSHELL:
- At the Friday's opening of the Warsaw Stock Exchange, CD Projekt's stocks lost nearly 20% of their value;
- Currently the situation is slightly better, but the Polish company still loses over 16%;
- The reason are the problems with Cyberpunk 2077 - mainly the game getting pulled from PS Store;
- Within less than two weeks, share prices fell by over $50.
In response to Cyberpunk 2077 getting pulled from PlayStation Store, the price of CD Projekt's stocks on the Warsaw Stock Exchange fell by nearly 20% on Friday. Currently, one share of the Polish company is worth PLN 262,5 (roughly $71), which is 15.10% worse than yesterday evening's price.
If we compare the current share price to the records quoted a few days before the lauch of Cyberpunk 2077, the situation looks worse than bad - in less than two weeks the value of CD Projekt's assets got slashed by over $50 per share (on December 7, at the best moment, one share was priced at PLN 464.2 / $127).
It remains to be hoped that the Polish developer will still be able to bounce back and deal with both fixing of the game and the serious image crisis.
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