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EA: oops
So the simcity debacle is continuing and the market isn't looking good for EAs shareholders.
Not only has the chief exec resigned
http://www.computerandvideogames.com/396621/ea-chief-executive-riccitiello-resigns/
But the shares have fallen by over 8% in the last 24 hours
http://uk.finance.yahoo.com/q?s=EA
Obviously it's impossible to link the share price and resignation directly to the issues with simcity but I would be surprised if there was zero effect of simcity issues on the share price.
Not only has the chief exec resigned
http://www.computerandvideogames.com/396621/ea-chief-executive-riccitiello-resigns/
But the shares have fallen by over 8% in the last 24 hours
http://uk.finance.yahoo.com/q?s=EA
Obviously it's impossible to link the share price and resignation directly to the issues with simcity but I would be surprised if there was zero effect of simcity issues on the share price.
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The CEO went because he was already on thin ice after losing money on The Old Republic mmo and after EA recently fell short of quarterly earning targets he had to go.
The share dip was simply a result of a company missing targets and losing the ceo, just a market price correction.
1 mil sales. Minus 1 mil free games. Minus god knows how many refunds. Minus plenty of future customers. Not quite so good as the headline figure.