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Joined 1 year ago
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Cake day: June 16th, 2023

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  • The point is this is one sale of many.

    Yes, hypothetically the CEO could influence the date an announcement is made for their own personal gain, but it’s not worth it and there will be many more sell events in the future.

    Long run, trying to scheme an announcement to gain more at 1/100 sales isn’t worth it.

    CEO John Riccitiello shifted 2000 shares last week on 6th September, … part of a trend over the past year where the exec has sold more than 50,000 shares in total and bought none.

    This is a drop in his equity bucket and any gains this article implies are due to “insider trading” will disappear in subsequent events.






  • As a different take, I think it’s just an un-fun mechanic that infects an increasing number of what I’d otherwise consider “good” games.

    Because the (broad-stroke) economics of it mean that only 1/100 people actually need to engage with loot boxes for the company to see a profit, they’re incentivized to shove that shit in all of our faces constantly even if most of us hate it.

    So, “we all have to miss out” is a huge mischaracterization of how I’d react to loot boxes being banned.