Take-Two's share price falls as GTA V is delayed

Take-Two Interactive's share price fell more than 8 percent in an hour, as it came to light that the upcoming Grand Theft Auto V has been delayed until September.

[NastyLeftHook0]

-_-

[3-4-5]

Those same dumb shareholders will be the people putting their money right back in next quarter.

They do it so they can manipulate their money and what not it's stupid. Shareholders are the reasons we have deadlines and games aren't made to the quality standards they should be.

[thorstein]

Good. Those idiots can drop the share price(by selling) all they want . Now is the time to buy.

[Autodidactdystopia]

yes definitely buy buy buy.

for real buy it up wait for game launch then sell.

GTA is not gonna get cancelled

i would sell now and rebuy at the lower price which is probably what the current shareholders are doing.

[Athonline]

And shareholders is the reason we get sequels, HD re-releases and a large amount of games per year. Studios/ publishers need money, thus they sell equity as long-term liabilities to fund their long-term projects.

It is a double-sided sword ;-)

The reason behind the drop is the "Efficient Market Hypothesis" that states all stock markets are "efficient markets". What is mean by that? Equity (shares) price(s) change in real-time based on any public released information and no inside information exists. They may not even sold shares in a large quantity, but the price was adjusted. It is a common thing... most likely the price will go even lower the upcoming days as other shareholders start to "fear" and sell more and the first one who sold, will be buy shares back at a profit.

Can explain you a bit more if you want ;-) I did parts of Business Finance in Uni alongside my Computing degree.

[knowyourstuff]

For anyone reading this, wait for the price to plumet, and when it's at its lowest, you'll see it start to rise just a little bit, buy the stock then. When GTA5 comes out, it will skyrocket, you'll make a killing. Just letting everyone know how the stock market works and how people in the know make money off their money. Now you can be a fat cat too!

[Donnieboi]

Honestly, if they said it was coming in Spring, then delay until September, I think there's more going on here. I don't think the delay is solely due to just polishing the game alone (if so, WHY did they tell fans and investors that it was coming in Spring? It would have been better to say nothing at all until they knew when they were ready to give a proper due date).

I honestly believe the delay was because of the Sandy Hook shooting. The media is going berserk and politicians are being lobbied by the NRA to blame videogames for gun violence. Perhaps Rockstar [intelligently] changed their Spring projections to let time pass so they can release GTA 5 after the focus on game violence dies down a bit. Plus the added time can also allow for some additional polishing too.

[Tetsujin]

Or they were forced to change a few things so it can be sold without restrictions. I was really looking forward to playing this but now I'll have to wait till Sept to get my GTA fix.

[showtimefolks]

RS doesn't care the game should come out when it good and ready

[dougr]

Oh lord a few of you are stock market stupid.

[yeahokchief]

I bought their stock back in july back when it dropped to $8 the last time they all freaked out. Anyone selling right now is an idiot. Great time to buy more before it takes off.

[claud3]

bound to happen for a game this big

[Majin-vegeta]

Who cares and when the game releases it will be back up over 9000!!!

[Good_Guy_Jamal]

Why no love for the dbz reference? And coming from majin vegeta too? Come on that was instant classic!

[DarkBlood]

dont go exploding your self now :P

[Vic_Mackey]

Big F'n Shocker

[ichdich]

so why they delay the game on purpose if they lose money because of that?

[Mac is OK]

Because they would lose more money if they tarnished the brand by releasing an unfinished game.

[ILive]

How do you know it would be "unfinished" if they released it in May? Is it because they said so? You dont know whats going on, for they may be delaying it for other reasons.

[krazeecain]

@ ILive because they basically said so on their blog.

"To those of you saying or seeing various conspiracy theories about there being some other ulterior motive for this delay, rest assured that they’re all nonsense – literally the only reason we’ve delayed the release is because we want the game to be as good as it needs to be."

[cee773]

Thats the Rockstar* way the coolest gaming studio(label) eva

As A ps3 owner I have plenty to play til then every new ps3 exclusive will shine until then.

[BOOMTAREY]

Hey all, we understand many of you guys are disappointed with this news – unfortunately sometimes such delays are necessary in all forms of entertainment, and especially in the case of a game experience as massive and complex as GTAV.

[miDnIghtEr20C_SfF]

Time to buy!

[danny818]

Could be to buy time for a wiiU version?

[Nitrowolf2]

eh doubt it, they ALWAYS delay GTA titles, Always. If it was due to another Platform, it would be for the PC then.

[Tonester925]

I was ready to spend my money lol

[Jek_Porkins]

This puts the title in a bad spot, new consoles loom large in the November/December area.

[animegamingnerd]

no the new consoles should be worried about grand theft auto

[Jek_Porkins]

Well I cant really speak for any other gamers but my money will be set aside for new consoles, something so close to that might get skipped for a bit.

[Prcko]

Good,i hope they will fall even more.
1st we w8 for 1 YEAR WITHOUT NEWS!!!
2nd we get SPRING RELEASE DATE - LIE!
3rd game is gonna be released close to 2014
i mean WTF ROCKSTAR???
GONNA FOCUS on god of war and last of us and after that next gen is only for me.cancelled my preorder and preordered last of us insted.
thx bye

[ApolloTheBoss]

Glad I waited to pre-order before after I find out the release date. Now that it's that far off I'm gonna wait.

[Kennytaur]

And we'll watch it rise again as it releases.

[Tres21]

i just wonder if the ppl who r upset over the delay would be the same ppl who would be upset if the game had bugs or needed updates to be fixed the right way over that period of time

[isyourhouseonfire]

Take Two deserves the stock hit. You can't pull crap like this and expect to not suffer.

[HoustonTexaz713]

The sky is the limit

[FarCryLover182]

GO private. They can make plenty of cash after paying their shareholders off.

[DEATHxTHExKIDx]

March was way too soon anyway

[aviator189]

shareholders are so predictable..

[Pillsbury1]

Buy low sell high!

[landog]

next gen consoles then, let's hope, either that or pc are the only way to play gtav, gtaiv looked and ran awful on ps3/360

perhaps ps4 and nextbox will be the way to go

personally, i'd still rather get it on pc for the higher resolutions, better aa and mods that ps4/nextbox won't be able to achieve

[wishingW3L]

delayed for PS4.

[TBONEJF]

are u serious? why the hell delay this awesome game just because TAKE TWO SHARES drop so damn stupid. you're really going to piss of a lot of GTA fans here

[CoD511]

Other way around, shares dropped because of the game delay.

[evilhasitsway]

its alittle disapointing for ps3 gamers like myself but it is the end of the world for ms gamers cause they really dont have much comeing out this year and that was the game to save them hahaha ps3 more ips :)

[evilhasitsway]

well if sony shows off ps4 on the 20th then it will most likely be around oct for a release check the vita was anouch at a sony meeting in feb in 2011 and then hit shelves that oct.

[FlyingFoxy]

as long as they have added a 100 player online freemode and scriptable multiplayer for PC i will be happy, just as long as it's not sucky like IV.

[black911]

GTA4 sucked me and alot of others wont be buing GTA5 at launch maybe borrowing it or renting.