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King, the studio behind Candy Crush Saga and terrible trademarks found its stock value down 15.6% at the end of the day today. It's initial public offering began at $20.50 a share today and ended it at $19.00.
Many are calling King the "one hit wonder" and have little faith in the studio.
(via Business Insider)
King has a library of 180 games, but it relies the most on Candy Crush Saga, which brings in about 80% of King's revenue.
That's where the big red flag comes from. King's revenues and fortunes rely on a single game, and that game is in decline. This also explains why the stock did not perform well on day one.
That's where the big red flag comes from. King's revenues and fortunes rely on a single game, and that game is in decline. This also explains why the stock did not perform well on day one.
Many are calling King the "one hit wonder" and have little faith in the studio.
(via Business Insider)