Market capitalization has plummeted £ 2.2 billion since its peak in August.
CD Projekt Red’s share price has fallen since the mandatory six-day working hours and another report of Cyberpunk 2077’s delay came to light.
It was valued at £ 5.2 billion ($ 6.8 billion) in January 2020, but went up to £ 6.1 billion ($ 8 billion) in February after the release of The Witcher 3, which is highly regarded on Nintendo Switch. It was pulled up. -And the success of the Netflix show. Market capitalization finally peaked at £ 7.4 billion ($ 9.6 billion) in August, with individual stocks selling for £ 90 ($ 116.50).
But now, the stock price of CD Projekt Red has fallen to about £ 65 ($ 85), a drop of about 25% (thanks to GI.biz), knocking about £ 2 billion from market capitalization. The lowest price is since April 2020 for the company.
In related news, CD Projekt Red co-CEO Adam Kiciński recently apologized after describing Cyberpunk 2077’s crunch as “not too bad.” In an email to staff shared with the press earlier this week, Kynsky said he was “insulting and harmful” and his words were “totally bad” rather than just “unhappy”. Stated.
The latest delay in Cyberpunk 2077 (until December 10th) is due to issues with the game’s current generation console build, says developer CD Projekt Red. CD Projekt Red told investors that the PlayStation 4 and Xbox One versions of Cyberpunk 2077 still needed additional “optimization” work, which was the reason for the game’s release back again.
As a result, CD Projekt Red had to appeal to people to stop sending threats to kill the studio in response to this week’s delay.