Another fall on the stock market for CD Projekt, whose share price has fallen by 20% since this morning. Result of a dissatisfaction rarely equaled on the part of the players, due to a Cyberpunk 2077 which is far from fulfilling all its promises. However, if the studio is going through undoubtedly a difficult period, this drop in its stock market value does not mean its end.
Cyberpunk 2077 will likely be one of those video game disasters which will be remembered for a long time. The blow is certainly very hard for players to swallow, but CD Projekt Red, the studio behind the disaster, also has something to worry about. By releasing a bug (and penis) riddled game, which literally looks like pixel vomit with minimal graphics, the company got itself drawn. the wrath of his community.
Since December 10, the bad news is linked for the studio: after losing $ 2 billion on the stock market after the game’s release, Sony has removed Cyberpunk 2077 from PlayStation Store altogether because of these numerous bugs. This last decision resulted in a further drop of 20% of CD Projekt’s share price in just a few days, pushing the studio even further into its difficulties.
CD Projekt fails to convince players
The share thus went from € 99.73 on December 4 to € 66.66 this Monday. An almost symbolic figure that reflects the situation that CD Projekt has been going through in recent days. It is not, however, the studio’s fault to try to make up for it. He initially admitted to having “underestimated the extent of the problems” before promising to reimburse disappointed players. Problem: no deal had in fact been spent with the distribution platforms, Sony also refusing to reimburse certain PS4 / PS5 players.
All these parameters therefore explain this new fall in CD Projekt’s share, without however signing its death warrant. Taking a step back, we see that it actually only comes back to its start of year level. The approach of the release of Cyberpunk 2077 had caused the enthusiasm of investors, which today seems to have retracted somewhat. Other studios also experienced impressive drops in their stock market value, before recovering a few months later. This was particularly the case of Ubisoft, whose multiple revelations this summer had caused harm in its action.