"On Monday, online hacking group ShinyHunters released confidential data about Grand Theft Auto Online and Red Dead Online's revenue and player numbers. The group grabbed the data as part of a digital breach involving cloud servers and metrics software."
"When the stock market opened this morning, Take-Two's stock price was sitting at around $202 a share. Once the market was open, it shot up to $207 a share, a roughly one billion dollar increase in Take-Two's market cap."
"Potential investors heard about GTA Online making around a million dollars a day and went, 'Yeah, I'll have a bit of that, thank you very much.'"
Rockstar Games experienced a data breach where confidential information about Grand Theft Auto Online and Red Dead Online was leaked. Despite expectations of negative consequences, Take-Two Interactive's stock price increased significantly after the breach. The stock rose from around $202 to $207 per share, reflecting a market cap increase of approximately one billion dollars. Investors reacted positively to the profitability data revealed, indicating that GTA Online is generating substantial revenue. The stock later settled at around $205.77 per share, still showing a notable increase.
Read at Kotaku
Unable to calculate read time
Collection
[
|
...
]