Tag Archives: stock market

EA Games executive Blake Jorgensen just sold $1.5 Million of EA Stock

According to SEC filings made Friday, July 6, 2018 which were sent to Investors today on July 9, 2018 Blake Jorgensen (COO & CFO at EA Games) sold $1,503,967 worth of stock market holdings in EA on July 3, 2018 (last Tuesday). This took place over two transactions in which 6,200 shares were sold at $142.85 each (for a total of $885,670) followed by an immediate secondary motion to sell 4,300 shares at $143.79 each (for a total of $618,297). Typically game industry executives have been known to sell off large amounts of stock market holdings in the companies they work for when their inside knowledge allows them to predict a future drop in value will occur (sometimes legally, sometimes illegally based on past court findings of executives at EA in particular).

Let’s take this opportunity to give an EA News WrapUp of some recent events that may be related to this disposal of securities and late filing on a massive release of shares from a loathed industry figure who has defended loot boxes in games, even as governments condemn and ban them through new laws, as well as suggest the death of single player games, and why he may think that EA’s stock market value could be heading for a decline.

Continue reading EA Games executive Blake Jorgensen just sold $1.5 Million of EA Stock

Steam Dev Days: Steam Business Update [HD]

Steam Dev Days

The Steam Business Update presentation from Nathaniel Blue and DJ Powers of Valve for Steam Dev Days Conference is presented below in high definition.

“On Jan 15-16, 2014, Valve hosted over 1,200 game developers from around the planet at Steam Dev Devs in Seattle, WA. Now Valve has made videos of 28 Steam Dev Days sessions, covering a wide range of game development topics available.”

Watch them all in the new Steam Dev Days Section of RealGamerNewz.

Editor’s Note: RealGamerNewZ has moved web servers, some older posts can no longer be commented on and have been preserved without their images. Thank you for your understanding in this matter. This article was written by Louis Thompson on 20140214 and was last modified on 20140214 .

Big Changes At Nintendo Including Price Drops On Games Coming Soon

Wii U Sales Drop

Nintendo has brought their estimated sales figures in line with reality finally by stating that they will not earn 9 million Wii U console sales on schedule to their original predictions and in fact expect something more along the lines of 2.8 million sales for their upcoming fiscal situation. Beyond that Nintendo has revealed that not only will we likely see a price cut on the Wii U console – but also on the Wii U games. This is being talked about for the Japan market and will likely see its way to the European and North American markets as well. The expectation for software sales has also been reduced from 38 million to 19 million copies of Wii U software expected to sell. Additionally, forecasts for the 3DS hardware and software sales have been reduced as well.

Editor’s Note: RealGamerNewZ has moved web servers, some older posts can no longer be commented on and have been preserved without their images. Thank you for your understanding in this matter. This article was written by Jon Ireson on 20140118 and was last modified on 20140118 .

EA Sued By Investors In Class Action Lawsuit For False Advertising Battlefield 4, Financial Fraud, Stock Manipulation, Embezzlement

EA Lawsuit

Over the past couple of weeks RealGamerNewz has been exhaustively reviewing legal documentation from the parties Robbins Geller as well as the original investigation that was brought forward by Holzer Holzer and Fistel. Judging by documentation provided to investors as well as the press, we feel confident now to speak on our own (not just repeating what others have said) in saying that it’s exactly what it looks like. EA executives are being held responsible for crimes that they have indeed committed against the investors of their company and have also resulted in hurting the video game industry as well as fans of the Battlefield series. There’s more to it than is being currently reported by mainstream media though, as of course RealGamerNewz is always willing to speak what others will leave out.

First let’s cover the basics…

  • “Plaintiff seeks to recover damages on behalf of all purchasers of Electronic Arts common stock during the Class Period (the “Class”)”

This is the statement that reads on the EA lawsuit and begins a myriad of reasons. In common language we can describe them like this – EA execs made statements that raised the price of Electronic Arts stock which they allegedly knew to not be true and then sold their own stocks while at a record high. Here’s a small image major mainstream press has taken of the second half of court documents which are available to all (here) and break down how much money they essentially embezzled from their own company by doing this type of stock manipulation and financial fraud.

EA Sued For Fraud

Now for the stuff other sites and magazines aren’t reporting  – on top of this, EA also mentioned that with Battlefield 4 they were the most pre-ordered next-generation game which we personally found extremely doubtful even though the Battlefield series is viewed as a fan favorite – it has never been the best seller in the FPS genre. Approximately a day after making this statement though charts were released showing Call of Duty: Ghosts as the clear winner of such a title forcing us to believe that EA lied about this as well. If not lies, there must have been a twist on the truth so extreme and far-reaching that it would likely only be labelled fraud in the court of law.

The next complaint is that the game suffered too many bugs at launch causing the Delay of BF4 DLC and other projects from DICE / EA Games which will inevitably result in less money for investors (not to mention BF4 failed to meet sales expectations and pre-sale claims). We have it on good authority (from un-named sources within DICE) that EA Games refused the development firm’s plea for a next-gen Beta due to agreements and contracts with Sony and Microsoft related to launch-day sales. Beyond that, DICE has come on record in the public as saying that EA Games is to blame for issues of the game crashing. Could it be that these issues are the result of DRM being removed from the title post-haste since it became such a taboo word when Sony defamed the business practice at PS4’s reveal? We aren’t entirely sure, but DICE says EA is at fault for the bugs and that they couldn’t fix them any faster if they wanted to.

Stay tuned for more on this developing story as it becomes available to us, and don’t believe everything that you read either for or against EA in this situation since most journalists do not read all of the legal documents. This has taken us a long time but is very beneficial as we discovered a lot of not-well-known details during the Call of Duty lawsuit fiasco that happened between Activision and COD’s creators.

Dayum Shame

Editor’s Note: RealGamerNewZ has moved web servers, some older posts can no longer be commented on and have been preserved without their images. Thank you for your understanding in this matter. This article was written by Mitch Walters on 20131220 and was last modified on 20131220 .

Microsoft VS Google: Who’s Stealing Customer Data More? [Tech]

Microsoft Scroogled Cup

Recently Microsoft took their ‘You’ve been “Scroogled”‘ smear campaign against Google a step further. For those who don’t know MS has been running ads for well over a year now pointing the finger at Google and Gmail for “stealing” customer information. In reality, both companies are guilty of this as Microsoft’s Skype and Xbox ONE products are known to cooperate with PRISM, the National Security Agency (NSA) project.

Microsoft put some ‘You’ve been Scroogled'” T-Shirts and Coffee mugs on sale (complete with Google Chrome logos) and it turns out Google employees are purchasing these as a joke and also make the argument that in order to buy them you need a Microsoft Account with full identity information. Who’s really stealing more customer data? We at RealGamerNewz aren’t really sure, but take a look at these ridiculous ‘back-and-forth’s between the two less-than-professional companies’ representatives and their so-called crimes against privacy.

***Editor’s Note: It’s important that we make readers aware that Google has said its users “can’t expect privacy” (word for word quotation that their own search engine can give you plenty of sources on) and Microsoft, Google, Apple, alongside many other software giants have admitted publicly that they are working with the United States spy program for the NSA. There’s nowhere to turn though, this is truly a global thing and it is here to stay protesting be damned. These faux-battles between MS and Google are likely a trick to get people out of the loop thinking that only one company is responsible for spying. Here’s some more information as well as the back and forth bullying between Google and Microsoft in the form of memes created by them and their supporters.

Microsoft’s Side to the Story (‘Scroogled’ Website by MS)

PRISM Members Include Microsoft and Google (Washington Post)

Microsoft’s “Scroogled” Products Store (Official Microsoft Store)

MSNBC: “Microsoft backtracks on XBox One camera amid spying fears”

Microsoft and Google Try to Force Gov To Allow Full Disclosure (BetaNews)

Google Strikes Back

Microsoft Scroogled products

ORLY

Ballmer_NSA-405x300

Google Strikes Back pt 2

Skype NSA Scroogled

scroogled_privacy_wifi

Kinect NSA

Editor’s Note: RealGamerNewZ has moved web servers, some older posts can no longer be commented on and have been preserved without their images. Thank you for your understanding in this matter. This article was written by Mitch Walters on 20131123 and was last modified on 20131123 .

Stock Market Used to Hack 160 Million Credit Cards Since 2008

Stock Market Used to Hack over 160 Million Credit Cards

According to a new indictment from the United States Department of Justice in collaboration with other worldwide authorities, further increasing the worry and uncertainty of the upcoming digital-only money era, it is being alleged that the Stock Market has been used by a very small group of intelligent hackers to live out what sounds like a plot to Hollywood’s next flick. Apparently NASDAQ has been hacked since ’08 as the indictment reads and it’s being pinned on 5-men who allegedly also have been running a hacking ring responsible for 160 million credit cards. Here’s some private instant messages shared between the group which the British equivalent of the feds shared with the world today:

“NASDAQ is owned,”

“30 SQL servers, and we can run whatever on them, already cracked admin PWS but the network not viewable yet. those dbs are hell big and I think most of info is trading histories.”

The hackers have also been named as multiple world governments worked together to catch them. God only knows what took so long. The hack has effected the 160 million+ credit cards but also effected the following companies: Nasdaq stock exchange, Citibank, PNC Bank, Heartland Payment Systems, 7-Eleven, JCPenney, Hannaford Brothers, and more.

  • Aleksandr Kalinin – Has not been apprehended at the time of this post.
  • Albert Gonzalez
  • Dmitriy Smilianets
  • Vladimir Drinkma
  • Roman Kotov – Has not been apprehended at the time of this post.
  • Mikhail Rytikov – Has not been apprehended at the time of this post.

The way they pulled things off is actually quite fascinating, and a full report on everything can be found HERE. Time will tell the completion of this attempt by law enforcement to stop the hackers, but if they are planning on travelling on aircraft attempting to evade capture; they will likely be grabbed fairly quickly as worldwide governments work together more than ever practically ignoring laws to get the people they want.

With security this great (sarcasm), I’m quite sure that the world is very excited to make the switch to a globalized, all digital money standard which will begin some time around 2018 and eventually become mandatory if the United Nations and World Bank has their way. Don’t worry bro, you’re totally safe. It only took 6 guys to completely turn Wall St. upside down and 5 years for somebody to actually do something about it, digital money is obviously the future right?

Editor’s Note: RealGamerNewZ has moved web servers, some older posts can no longer be commented on and have been preserved without their images. Thank you for your understanding in this matter. This article was written by Mitch Walters on 20130726 and was last modified on 20130726 .

Nintendo and Sony Stocks Up, China Considering Lifting Ban on PlayStation and Wii?

For those of you who don’t know the PlayStation and Wii brand consoles have been banned in China for 13 years now. The only game system available was the occasional PC title (a la StarCraft II) which you may have heard about also becoming tightly restricted and access limited by the Chinese Government whom cites health claims as their reasoning for doing so.

Recently Nintendo and Sony experienced an appreciation in stock values as rumors circulated that China would consider lifting the ban on the home gaming console, meaning PlayStation 3 and Nintendo Wii could go up for sale in China.

Ubisoft commented about the possibility asking fans if they’d like to see an open exchange in China for game consoles again. The ban has been uplifting since the year 2000 and is reportedly in place to protect the safety mentally and physically of developing youths according to the government of China.

The following official statements crushed many’s hopes for the ban to actually end up being lifted soon after this, however:

We are reviewing the policy and have conducted some surveys and held discussions with other ministries on the possibility of opening up the game console market,” the official China Daily quoted an unnamed source from the Ministry of Culture as saying.

“However, since the ban was issued by seven ministries more than a decade ago, we will need approval from all parties to lift it.”

An official at the ministry’s cultural market department, which is responsible for the legislation, denied the report.” [Source: Telegraph]

Editor’s Note: RealGamerNewZ has moved web servers, some older posts can no longer be commented on and have been preserved without their images. Thank you for your understanding in this matter. This article was written by Jon Ireson on 20130311 and was last modified on 20130311 .