@zoofame: Look I’m not gonna get dragged into a political discussion about the ethics of capitalism in broad terms but needless to say I disagree with a lot of your sentiments.
But I’m just going focus on CDPR in general. First of let’s get some facts straight. CD Projekt don’t have very much institutional ownership at all. The split is currently
28,6% institutional ownership (which could include things like pension funds, investment banks and holding companies)
31,6% inside ownership (management and employees in general)
39,8% individual and retail investors (laymen like myself, who according to you have no sway lol)
Let’s compare that with EA just for fun. Oh boy.
00,4% state
0,5% inside ownership
7,7% individual investors
91,8% Institutions
It’s all partly why I like CDPR as a shareholder because they are not beholden to short term thinking from large shareholders, since the largest happens to be the Co Joint CEOs themselves. Who are required by law to disclose when they sell large amounts of stock, which they haven’t before or after Cyberpunk 2077 (you can look it up yourself if you want). The fact is, that the release of the game on December 10th was very bad for every shareholder including management who’s wealth dropped 30% in a matter of days, since the stock has tanked, so if the broken release was somehow driven by shareholder greed it’s been a piss poor move to say the least. There has been a massive sell off by disgruntled individual investors who was looking for short term profit after cyberpunks release, but that didn’t happen because that’s not managements priority, the long term health of the company is. Which I like.
But that’s the only thing about management I like, they handled 2020 very poorly. Which with my captain hindsight hat I can say they should have postponed the game to 2021 at the second delay. Not have inferred needless amounts of crunch on developers in just pure naive optimism. They shouldn’t have tried to embargo the last gen release, that’s the worst PR move because in no way is that going to help the company or endear the company to the consumer.
I view this company as one that’s going through some major growing pains, I just hope they don’t become the bloated unprofitable mess that is Ubisoft. CDPR has a certain spirit, you might not like it, which is fine by me, but it’s there. They aren’t controlled by outsiders, yet.
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