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Stock impact report

XDefiant is shutting down as Ubisoft closes San Francisco and Osaka offices following "long journey" of free-to-play struggles, up to 177 devs impacted [Yahoo! Finance]

UBISOFT ENTMT UNSP/ADR (UBSFY) 
Company Research Source: Yahoo! Finance
Ubisoft has announced the "sunsetting" of its free-to-play first-person shooter XDefiant. Likewise, Ubisoft San Francisco and Ubisoft Osaka are shutting down while Ubisoft's Sydney office is ramping down. XDefiant released back in May and reached a million unique players within just two and a half hours, a record for Ubisoft despite the game's middling reviews. In August, rumors began to circulate that Ubisoft was planning to shut down the game following layoffs at its San Francisco office - where the majority of XDefiant developers worked. Unfortunately, that has now been confirmed with an official announcement from Ubisoft that cites XDefiant's free-to-play monetization structure as the primary cause. Starting today, players won't be able to download or register to play XDefiant, and existing players won't be able to buy anything. Season 3 is still set to launch at an unknown date and servers will stay online until June 3rd, 2025. Refunds are being offered to anyone who bough Show less Read more
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