The firm has recently been embroiled in a slew of problems, which, when combined with how poorly the new Call of Duty installment performed, has resulted in a drop in its market value.
These are trying times for Activision Blizzard, a company that has been embroiled in a slew of workplace harassment, complaints, and serious allegations for months, to the point where the top executives of Nintendo of America, Microsoft, and PlayStation have not hesitated to express their disapproval and rejection of all the information about the company that has surfaced.
As if that weren't enough, Call of Duty: Vanguard, the latest installment in the successful saga of first-person action games, has underperformed expectations, becoming the series' poorest launch in ten years in Spain.
The stock market fall and the Bobby Kotick scandal
Of course, we must not overlook the scathing criticism leveled at Bobby Kotick, the president of Activision Blizzard, who is accused of knowing about and even participating in all acts of corporate wrongdoing, leading to the departure of over 1,300 employees and a group of shareholders.
Obviously, this has taken a toll on the company's stock market, with shares falling by 24% in the last month, a trend that does not appear to be reversing, as they continue to fall today, putting the company in an increasingly delicate situation in which neither the employees, nor the shareholders, nor their partners, nor the general public are happy with the board of directors or what is going on in their workplace.
Furthermore, we must remember that a portion of the company's recent stock market loss is due to the recent delay of Diablo IV and Overwatch 2, which was reported earlier this month.
It remains to be seen whether there will be a change that makes Activision Blizzard a safe workplace free of prejudice, however for the time being, the firm continues to deny that there is evidence of anything that is being accused of him.
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