Blood_Tears said:
No, he sold AFTER they made the announcement. There's no inside trading involved. Typically after a negative news cycle and bad PR the stock goes down. In this instance shares went up 2 days later because the share holders were happy even with the negative PR world wide. He sold when shares were higher which is what you're supposed to do if you want money. Didn't video games ever teach you that? buy low and sell high? |
Thanks all. I saw a meme about the CEO selling half his stock and wasn't sure if it was true. I wasn't sure on the timing (pre / post announcement) either.
I sure hope investors are being tone-deaf here (stock going up 6%). I wonder if some of them saw the digital pre-sales of GTA 6 and conflated digital = good. I understand digital is more profitable for Sony. That is unless this backlash lasts and consumers shun the PS6 and digital software when they have a choice between digital / physical. Personally I am hoping for that outcome but am very pessimistic. Some will hold a grudge for the next 18 months, many I am afraid will come to terms with it or forget ...
I do think it is time to drop my PS+, I barely use it anyway and it would help to send a message by finally cancelling my auto-renew.
Edit- LOL
Just cancelled my PS+ and they did offer 25% off if I changed my mind but when asking why I am cancelling the only options are:
I'm not using online multiplayer
I'm not happy with the monthly games
I'm trying to save
The fact there is no "other" option where they prompt for specific feedback is not the norm in my limited experience
Last edited by The_Yoda - on 09 July 2026
