Diablo Immortal Backlash Spooks Investors, Activision Blizzard Stock Takes a Dive
https://wccftech.com/diablo-immortal-acti-blizzard-stock/
As you’ve no doubt heard by now, Diablo Immortal, a new mobile take on the classic hack ‘n’ slash franchise, was announced at BlizzCon 2018 and fan reaction has been…less than charitable. The game’s trailer has been bombarded with downvotes, Reddit and other forums are a warzone, and fans even directly confronted the game’s developers at BlizzCon.
But hey, that’s gamers for you. They’ll shout, they’ll complain, but then they’ll quietly play the game when it comes out. This controversy won’t actually have any effect on Activision Blizzard’s (NASDAQ:ATVI) bottom line, right? Don’t be so sure of that — it seems news of the Diablo Immortal backlash has reached the mainstream, and investors, causing Activision Blizzard stock to take a dive. As of Monday, Acti-Blizz shares were down around 7 percent, from around $69 to a low of $64.34. The stock has since rebounded somewhat, but it’s still down over six percent.