GTA 6 leaks cost Take-Two nearly $3 billion in capitalization

GTA 6 leaks cost Take-Two nearly $3 billion in capitalization

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21 august

The large-scale release of material on the anticipated Grand Theft Auto 6 resulted in serious financial losses for publisher Take-Two Interactive. After footage of the game and parts of the mechanic that were not intended for the public got online, the company’s stock went downhill.

In just a couple of days, the value of one share went from $248.13 to $232.84. In terms of total market capitalization, this amounts to a loss of about $2.83 billion.

Although the company’s current capitalization still exceeds $43 billion and the giant is not in danger of bankruptcy, such a sharp drop against the background of the incident seems indicative. Experts note that the stock market is highly sensitive to such news, and while various factors affect stock prices, it is leakage that has been the main trigger of negative dynamics.

Rockstar Games has refrained from making any official comments about the impact of the incident on the project’s long-term development strategy.

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