GameCo Stocks Suffer in Wake of Congressional Bailout Failure

September 30, 2008 -

While video games are said to be recession-proof, video game publisher stocks are not immune to Wall Street turbulence, as witnessed by yesterday's market free fall.

As GameSpot reports, virtually all of the major game publishers took a hit in yesterday's sell-off after Congress failed to pass a bailout bill.

Wedbush-Morgan analyst Michael Pachter managed to find some humor in the situation, however, as reported by Cnet:

Wedbush Morgan analyst Michael Pachter, who tracks the video game market, said his industry will suffer like any other, though he did offer a suggestion for how to make lemonade from the financial lemons being lobbed from Washington.

 

"I think we need a game where instead of shooting (Nazis), we shoot Congress," he said. "This is embarrassing."
 


Comments

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

Count me among those lauding Congress. In a truly free society, you have to be free to fail as well as free to succeed. Sometimes that failure is gigantic.

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

I completely approve of Congress throwing the Bill out.

Why? No-one read the fine print. It would have given Bush unlimited powers for an infinite time period.

~You Could Be Mine, But You're Way Out Of Line..~

~You Could Be Mine, But You're Way Out Of Line..~

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

Congress is to be lauded for rejecting a terrible plan. Don't jump onto some Wall Street millionaire's viewpoint of blaming Congress for failing to bail out him and his ilk with OUR hard earned tax dollars. The correct plan will have the government helping people keep their houses, not ensuring a bunch of greedy fat cats don't lose a portion of their profit.

A completely free market is open to exploitation, as we see all the time in every multiplayer environment. The Gov are the GameDevs, who must make rules and enforce them in order to let everyone play fairly.

Hold Congress and the rest of the government responsible to create a GOOD plan and follow up with re-regulating the financial markets so we don't face this particular fiasco again.

 

"Think Free or Die"

"Think Free or Die"

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

I'd settle for a good old fashion storm on congress with torches and pitchforks. I've said it once, I've said it a thousand times, Washington D.C. Needs a political enema.

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

Agreed with this too...  And they need it badly.

Nido Web Flash Tutorials AS2 and AS3 Tutorials for anyone interested.
How to set Xbox 360 Parental Controls

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

I think we should do like Lewis Black suggested, march down to D.C. and electroshock everbody. Just to get them back on track.

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

Games where you shoot members of Congress? Surely they are 10 a penny on Flash game sites? I'm sure Newgrounds has a few.

-------------------------------------------------- I LIKE the fence. I get 2 groups to laugh at then.

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

"I think we need a game where instead of shooting (Nazis), we shoot Congress," he said. "This is embarrassing."

I can only imagine what will happen if the mainstream media gets their hands on this quote.

/popcorn
---
I'm not under the affluence of incohol as some thinkle peep I am. I'm not half as thunk as you might drink. I fool so feelish I don't know who is me, and the drunker I stand here, the longer I get.


---
I'm not under the affluence of incohol as some thinkle peep I am. I'm not half as thunk as you might drink. I fool so feelish I don't know who is me, and the drunker I stand here, the longer I get.

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

I would So buy that.

United we Stand, Divided we fall.

There have always been motherf*ckers, there will always be motherf*ckers, but what we can't do is let them control our motherf*cking lives. -John Oliver, December 1st, 2008

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

The mainstream media will just whine about video game bannings, but nothing serious will come out of it.

--- Official Protector of Videoland!

--- Official Protector of Videoland!

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

Agreed...  Can I have some popcorn? haha...

T2's stock is back up to 16.1 today, while EA's stock is still going down and is at 35.5...  It seems EA is taking a decent hit, a week ago they were at 40, while T2 was at 16.3...  So in ratio EA has dropped 5 times as much as T2.  It is really too bad, I wanted to see how the DRM stuff was hurting them, but with the market screwed up like this, we will never know.

What are the laws about making games about killing elected officals...  I believe you could actaully get in trouble over it.

Nido Web Flash Tutorials AS2 and AS3 Tutorials for anyone interested.
How to set Xbox 360 Parental Controls

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

Can I have some popcorn?

*passes the bucket DeepThorn's way*
---
I'm not under the affluence of incohol as some thinkle peep I am. I'm not half as thunk as you might drink. I fool so feelish I don't know who is me, and the drunker I stand here, the longer I get.


---
I'm not under the affluence of incohol as some thinkle peep I am. I'm not half as thunk as you might drink. I fool so feelish I don't know who is me, and the drunker I stand here, the longer I get.
 
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MattsworknameCall it waht you wil, but thats how its viewed, not just by me, but by just about EVERYONE right now. Media, new networks, they dont' want to call it what it is, soe they call it "accountability"07/29/2015 - 11:34pm
Andrew Eisen"Gamasutra... had to pay" Yes. That's EXACTLY what it was. "Accountability" is and always was horse poop.07/29/2015 - 11:29pm
MattsworknameSo to speak07/29/2015 - 11:28pm
MattsworknameThats why this happened, you get people who felt hurt, marginalize, bettrayd, or otherwise offended, and they don't actually look at teh facts, they just attack and try to get there Blood for Blood07/29/2015 - 11:28pm
Mattsworknamefalse. Weather you think the article was right or not, there was a large group who felt taht gamastura and the other media sites had to pay for there actions, weather they deserved it or not07/29/2015 - 11:27pm
Andrew EisenTrying to yank advertising over a single opinion piece on a site that I would bet money most of the offended (if you will) didn't read, is no more an attempt at accountability than the Brown shooting's subsequent riots.07/29/2015 - 11:27pm
MattsworknameMy point andrew is that it's not about them, its about the people responding to the situation. THe brown shooting was eventually shown to be completely justified, but the "Black lives matter" meme kept on rolling despite all it's intiall claims being07/29/2015 - 11:26pm
Andrew EisenDude, you're comparing an opinion piece with someone who was shot to death. Gamasutra and Alexander already were accountable for the opinion piece in question.07/29/2015 - 11:25pm
Mattsworknamekinds of events. nor has it stopped them from being asshats in my opinion, but in there view, they have to hold someone accountible for recent events, so they are doing what they think they must, even if it's based on falsehoods07/29/2015 - 11:22pm
MattsworknameAndrew: It's really a matter of context for the people involved. For example. The "Black lives matter" thing is based on an entirely false account of events in the brown shooting, but that hasnt' stopped it from triyng to hold Polititcians accountable for07/29/2015 - 11:22pm
Andrew EisenWouldn't surprise me. A lot of words' actual meanings escape many people on the internet.07/29/2015 - 11:17pm
Andrew EisenSo, "they must be held accountable" means "we must hurt them for publishing an opinion piece we don't like."07/29/2015 - 11:17pm
Mattsworknameor me thats demanding accountability on this, it's the ones who undertook the actiosn against these sites and went after the advertisers07/29/2015 - 11:13pm
MattsworknameJust cause you or I disagree with there response, they still feel they have a right to hold Groups like kotaku, gamasutra, Gawker, ET all, to account for what they felt was a vile and inappropriate action. Regardless of your or my view on it, it's nto you07/29/2015 - 11:13pm
Mattsworknamebetrayed or insulted by the articles in question, then they will feel a need to hold those media groups, regardless of intent, to account for that action, be it right or wrong.07/29/2015 - 11:12pm
MattsworknameAndrew: :target audience or not, if a large enough portion of our audience has a given view point Andrew, then you risk aggrivating that audience at your own peril. your question has been answer. if a large enough part of a media groups audience felt07/29/2015 - 11:11pm
Andrew EisenMy original question (which I've posed to you four or five times now) still stands.07/29/2015 - 11:04pm
Andrew EisenMatt - Yes, non-industry folk are welcome to and do read Gamasutra. That doesn't change the fact that they're not the site's target audience. Which wasn't my point anyway, merely an offered clarification as you keep referring to it like it's IGN.07/29/2015 - 11:04pm
MattsworknameNo different then GG ttrying to get Vox, Kotaku, gawker, and other such sties to fold cause they disagree, it's not right, but it's also the most common and most widely used of methods now adays.07/29/2015 - 10:21pm
MattsworknameTechnogeek: No, there isn't, you or I have no right to say someone cant say something, no matter how much we may dislike it. Even if you hate what they said, they have a right to say it. trying to shut someone down cause you don[t like what they say, is07/29/2015 - 10:20pm
 

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