90 second trailer, that’s all it took to send the share price of the American video game company Take Two on a rollercoaster ride – first rising sharply from 125 to 145 euros, then falling again by a few euros because of the hoped-for windfall of “GTA VI” in the next financial year. The early hype surrounding the potential billion-dollar gaming hit shows that announcements from the gaming world have been shaking up the stock market for quite some time. We analyze the background.
Shortly before the video shown above was published, relevant stock exchange portals wrote about a possible ‘price explosion’ at Take Two – only to have to admit a little later that there was no windfall. The financial year at Take Two ends in March, which means that a publication in 2025 – if it does not take place in the first quarter of the year – will fall in the following year and the expected mega profits will also occur there. Still, stock market experts are already increasingly keeping an eye on gaming companies like Take Two – and they have good arguments.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
