Funcom CEO sells company stock
Filed under: Fantasy, Real life, Age of Conan, Economy, MMO industry
While this Brighthub article tends to focus on the timing of the sale, pointing out that Age of Conan has already lost nearly half of its customers, no official connection has been made. However, the stock's price has fallen quite dramatically lately, closing at $13.60 per share on August 22, 2008, which is down from $55.50 per share on Age of Conan's release in May.
Update: This is a take on the Brighthub article more than anything, blaming AoC for everything, not to be confused with this original post. Plus, we get a look at the actual announcement about the stock sales itself. Sorry for any confusion of duplicates.
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Reader Comments (Page 1 of 1)
Neil said on 1:41PM 8-25-2008
Their share price may have dropped significantly from May but if you look at their longer term performance, i.e. take a 1 year 3 year or 5 year view and their share price now is around the average. There was obviously something that drove the share price up, i.e the Conan launch. People on the internet are speculating over the share price when really there's no issue.
Regarding his sales, maybe he was hit with a tax bill. If you read into it more, his sell up is very minor on the scale of things and he only owns 2.25% of company shares afterwards anyway.
It did say it was to help pay for taxes and so on, if it looks like a duck, quacks like a duck then it's probably a duck; he most likely got hit with a tax bill and had to sell up to pay it off.
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recursive said on 1:53PM 8-25-2008
http://www.massively.com/2008/08/15/funcom-quarterly-report-reveals-age-of-conan-performance/
Besides that, what Neil said.
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DarthMueller said on 7:57AM 8-26-2008
this is the 2nd news about the funcom shares with the wrong currency
Youre aware of the fact that not the whole world pays with Dollar?
The Funcom Share is noted in NOK, thats no Dollar.
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