Re:More than 300 game developers lost their jobs in one day,...
by jsheard on Thursday December 05, 2024 @12:15PM
(#42330189)
The 2008 peak was around August, and then dropped sharply in November of the same year because they did a 2:1 stock split (i.e. the stock price halved but they doubled the number of stocks in circulation, keeping the companies value the same). Comparing the price of a single stock now to then is apples and oranges.
Ubisoft is always making profit but their profit margin getting smaller and smaller so that one day (if this continues), executives will begin to sack developers to keep their high salaries intact while pandering to shareholders.