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Given its convenience and social aspects, multiplayer online gaming could continue its fast growth and transform the gaming industry away from the console model.
After several tireless days, we have finished crunching the numbers from the more than 700 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30. The results of that effort will be put on display in this […]
Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a […]
At Insider Monkey we follow around 700 of the best-performing investors and even though many of them lost money in the last couple of months (70% of hedge funds lost money in October whereas S&P 500 ETF lost about 7%), the history teaches us that over the long-run they still manage to beat the market, […]
Activision Blizzard (ATVI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
BEIJING—Chinese regulators set up a new committee to review online games, in a step videogaming industry executives and consultants said presaged an end to a crippling freeze on new game approvals. State media reported the new “online game ethics committee” on Friday, and industry executives said the news caught them by surprise. The ethics committee, which falls under the Communist Party’s Propaganda Department, will review games for content and set out guidelines for companies on how to “abide by social morality,” according to a Friday report from Xinhua News Agency.
Few stocks have been hit as hard by the tech wreck as Activision Blizzard (NASDAQ:ATVI). The value of Activision stock has fallen nearly in half, from $83 per share at the start of October to $48 this morning. ATVI stock is now at levels not seen since February 2017.
It hasn’t been a great few months for Chinese internet giant Tencent (OTCMKTS:TCEHY). Tencent stock has dropped nearly 40% off its high in 2018, but it fits in with a bigger, long-term thesis out there. It goes something like this: China tech stocks have broadly dropped to relatively anemic valuation levels, but growth rates across the board remain robust and China’s economy, while slowing, is still growing at an impressive 6% rate. Tencent still has robust exposure to all things internet in China, and is still growing revenues at a 20% clip.
A few days ago, Google removed popular Cheetah Mobile and Kika Tech apps from its Play Store following a BuzzFeed investigation, which discovered the apps were engaging in ad fraud. Today, as a result of Google's ongoing investigation into the situation, it has discovered three malicious ad network SDKs that were being used to conduct of ad fraud in these apps. In fact, most are likely not, Google says.
China's social-video speedster takes a hit after landing at the low end of its guidance. The fourth quarter doesn't look any more promising.
What, did you think that Activision would stop at remastering the first three Crash Bandicoot games? True to the teasers, Activision and Beenox have revealed Crash Team Racing Nitro-Fueled. The overhaul of Naughty Dog's marsupial karting classic includes all the familiar characters, tracks and game modes of the PlayStation original (including Battle Mode), but throws in massively improved graphics and, naturally, online play.
Activision is trying something a little different with Call of Duty: Black Ops 4: It's selling a $30 version that drops the Zombies mode, and only includes standard multiplayer and the popular battle royale mode, Blackout. Bad luck if you're a console player, though -- the Call of Duty: Black Ops 4 Battle Edition is PC-only for the time being. This version is compatible with the full game, so if your friends already picked up Black Ops 4, you'll be able to jump into a Blackout squad with them.
This is an increase over the company’s earnings per share of 45 cents for the same period of the year prior. It was also able to match Wall Street’s earnings per share estimate for the quarter, but couldn’t keep Momo stock from falling today. Net income reported by Momo for the third quarter of 2018 came in at $84.03 million.
Activision, Electronic Arts and other videogame companies may be more vulnerable to disruption than investors realize, as Fortnite has shown.