Activision Blizzard Shareholders File Class-Action Lawsuit

Activision Blizzard shareholders have filed a class-action lawsuit, alleging that the company made misleading statements in annual reports to investors.

[Sonic-and-Crash]

it gets better and better ....

hey Activision i have an ultra helpful secret advice to boost you finances now that your stock is dropping.....sell that Crash IP to Sony ;).....

wasnt yours from the start and Crash 4 flopped anyways so it is a win win for all of us

[Jin_Sakai]

I love seeing Activision burn. Don’t think we don’t remember that $200 million bonus while laying off your employees. But hey, I guess those $200 gift cards made up for everything.

[neomahi]

Theres a lot of people that work for A/B that could be losing their jobs. Its holding people accountable for their actions regardless of social standing or position to show that NOBODY is above the law, but seeing others lose their jobs in an already struggling economy isnt what we want. Remove the cancer to allow the body to heal is the objective.

Youre a tool, dude, I read your posts a LOT because you post a lot and youre like a boat on the sea during a storm, you just drift along letting the waves dictate where you go. Youre behavior and responses are never consistent, you go with whats popular, youre a tool, dude.

[lociefer]

If it hurts bobby, we happy

[specialguest]

This lawsuit will not be impactful. Shareholders file lawsuits all the time with many corporations when there's bad press. Some of the shady business practices done in the past like ridiculous micro transactions, loot boxes, and so on done by big video corps like Activision and EA were to please the shareholders and not necessarily to benefit gamers. I feel indifferent about this situation

[metalgod88]

Whether it is or is not impactful to the company remains to be seen. But unlike the 'normal' situation of shareholders suing the company they own a part of, Activision Blizzard also has a large amount of employees on strike. Their consumer base is unhappy and their stock value is tanking.

The question is, will all of this actually impact their business? I certainly hope so. Anyone working at a game studio should have the right to a union to ensure wages are fair no matter the person. There needs to be a lot of change in the industry which is why this situation in particular is so important.

Activision Blizzard needs to be made an example of to show what happens when they treat their employees like we see so many other companies do.

[kevinsheeks]

The shills in the other thread told me to feel bad for not caring for billion dollar corporations who actively go out their way to harm their employees and sabotage attempts at forming unions.

[XxSPIDEYxX]

Crash and Burn Activision.

[lodossrage]

I don't know about this. These shareholders are usually aware of the inner workings of the companies they buy into. It feels like this lawsuit is them trying to "get in front of it" so they don't end up looking bad along with the company itself.

Make no mistake, Activision deserves all the crapfest they're getting. But the shareholders more than likely aren't innocent in this either.

[porkChop]

As an investor I can tell you we don't get insider knowledge about stuff like this. We get numbers, projections, potential mergers, etc. Investors don't get the scoop on HR violations or employee complaints. That's not how it works.

[lodossrage]

You can only speak for yourself as an investor porkchop. It's been proven that sometimes these shareholders know more than just numbers and statistics. There are times they in fact do know of the foul play at times. But turn a blind eye or keep quiet for the sake of profit.

@Thorstein,

I NEVER said owning stock means you're ALWAYS privy to that information. I just said SOMETIMES the stockholders are aware but keep quiet for their wallet sake. As to wanting evidence:

Both of you should read this since you think it doesn't happen.:

https://columbialawreview.o...

[thorstein]

How is owning stock (a shareholder) mean that you are privy to inside information like this? Please provide evidence.

[lodossrage]

https://columbialawreview.o...

[thorstein]

Thank you.

That is some good reading and it appears that it is mostly the stockholders taking action against the companies. Especially in section "II A. Canaries in the Coalmine?"
It appears that stockholders were taking action and the courts were preventing it at first. It has now swung the other way where shareholders are holding those in charge accountable.

I particularly like that it provides a solution to a complex problem.

Thanks again.

[CptDville]

Unreadable website. It's crawling with ads and the background colors + adds make it even more annoying. Good lord

[1Victor]

I got 3 pop up blockers on my phone and still get a annoying video pop up 🤷🏿 so I turned off my data +wifi and bam it when dark and kept trying to load 😂

[Jiub]

Came here to say the same. Jeez

[MadLad]

It gets better and better every day lol

[MetalNCarnet]

let em burn.

[acustomer]

I have another idea for Activision . Why don´t you sell 100 bullets in CoD for 1$ :D

[neomahi]

Theyre suing themselves?