• 8 Posts
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Joined 3 years ago
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Cake day: July 1st, 2023

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  • It’s not that the company is losing money, it’s just what investors think their company is worth is now less

    The company also reported that ‘bookings’, a key measure of player spending, grew by just 8% year over year after previously posting much stronger growth

    This is the most relevant thing the article mentions; they’re still making money, more money than they did last year

    Financial news is weird, it all just seems like random guesswork and made up numbers