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Why Activision Blizzard Is Tumbling Today

·2 min read
Why Activision Blizzard Is Tumbling Today
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Shares of Activision Blizzard (NASDAQ: ATVI) were tumbling 7.7% in midday trading Tuesday as allegations of a hostile work environment embroil the video game company. Work on updates to the massively popular World of Warcraft franchise was also reportedly put on hold as the company responds to a lawsuit over the charges of misconduct. Activision was sued by the California Department of Fair Employment and Housing over a reported "pervasive frat boy workplace culture" that led to charges of harassment and unequal pay.