CD Projekt’s Stock Price Fell To Its Lowest Point In 9 Months Following Cyberpunk 2077 Delisting

It seems that there hasn’t been anything but bad news for CD Projekt Red and Cyberpunk 2077 after the game’s strong launch weekend. The most recent bit of bad news is that CD Projekt’s stock price fell to its lowest point in 9 months after Sony delisted the game on PSN.

Late at night—or very early in the morning depending on your location—Sony announced that it would be removing Cyberpunk 2077 from its digital storefront. Not only that, but the company strongly insinuated that the reason for the removal was that Cyberpunk 2077 doesn’t meet Sony’s standards. The gaming world was left to spend the night trying to wrap its collective mind around what had just occurred.

Related: Cyberpunk 2077’s Botched Release Apparently Cost CD Projekt Red’s Founders Over $1 Billion

Of course, CD Projekt (CDPR’s parent company) needs to answer to its investors; Investors who also read the news. Following Cyberpunk’s unprecedented delisting from PSN, CD Projekt’s stock fell from an opening value of €70.62 per share to €54.90 by noon on Friday. Prices rebounded somewhat, and by the end of the day, CD Projekt’s stock closed out at €61.94 per share—a 12.3% loss.

The losses follow a drop in value of 21%. This brings CD Projekt’s losses to a total of 27.4% since the game launched last week—a loss of well over a billion dollars for the company. This is the lowest price CD Projekt’s stock has seen since March, when the price of a share was $50.00. The company’s financial woes aren’t particularly new, as its stock price has been continually falling since August, with a small bump in price coming just ahead of Cyberpunk’s release.

On the retail side of things, CDPR has promised dissatisfied customers a full refund for physical copies of Cyberpunk 2077 if they are unable to obtain one from retail stores. That offer expires on December 21. After that date, CDPR has asked players to wait for two different patches that are supposed to make the game more stable on last-gen consoles.

Those patches will reportedly release in January and February. Whether those patches will fix the game on last-gen consoles is unknown at this time.

Up Next: What To Play If You Loved Skyrim But Are Totally Sick Of It

Source: Read Full Article