Ubisoft cancels 6 games, delays 7, closes multiple studios

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Ubisoft stock plummeted over 30% with this news, in the largest single day drop since the company went public in 1996:

https://www.msn.com/en-us/money/other/ubisoft-stock-falls-30-after-cancelling-multiple-games-and-closing-two-studios/ar-AA1UNjs6

In 2018 it's stock was worth $110, now it's down to just $0.94