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Activision Blizzard Faces Second Lawsuit Over First Lawsuit
A class action lawsuit filed today in the U.S. District Court of Central California on behalf of investors alleges that Activision Blizzard’s intentional failure to disclose its ongoing problems with sexual harassment and discrimination artificially inflated the company’s stock value. In layman’s terms, if investors had known the extent of Activision Blizzard’s issues, they wouldn’t…
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Activision Blizzard Workers: Leadership Isn’t Actually Meeting Our Demands
Activision Blizzard employees issued a new statement today criticising leadership’s actions in the wake of California’s sexual harassment lawsuit against the company. The message specifically calls out CEO Bobby Kotick’s lack of “meaningful” progress after his first public statement and the executive decision to hire a law firm known for its history of union-busting to…
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Video Games Are “Spiritual Opium,” Says Chinese Government-Owned Media
Tencent stock fell as much as 11 per cent today after a Chinese economic paper blasted gaming, referring to it as “spiritual opium” and “electronic drugs.”
