CD Projekt Red’s Stock Has Dropped 25%
CD Projekt Red The developer of Cyberpunk 2077 stated their stock price has dropped 25% since its peak in late August.
As reported by GamesIndustry.Biz, the summit coincided with the announcement of The Witcher: Monster Slayer mobile AR game. Since then, the market value of CD Projekt Red has dropped by almost 2.5 billion Euros ($ 2.9 billion). In August 2020, the price per share was about $ 116, and as of October 30, it has dropped to about $ 84.
During this time period, as COVID-19 outbreak continued, Cyberpunk 2077 was delayed yet again to 10 December 2020, and reports emerged about the forced crisis on CD Projekt Red even after the studio promised none would happen.
Head of Studio Adam Badowski made a statement in response to the news; “one of the hardest decisions I had to make”, but stated that the developers “will be paid well for every extra hour they put in”.
Cyberpunk 2077‘s delay surfaced after CD Projekt Red announced that the game went gold. However, the developer needed a little more time, and it seems that the delay may be related to the current generation versions of the highly anticipated game.