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January 23 – Previously valued $2 billion video game company THQ sells most of its assets for $72 million after last month filing for Chapter 11 bankruptcy. [34] January 24. Defense Secretary Leon Panetta lifts the ban upon women serving in combat. Congress will have a month to review the decision before it goes into effect, and could block ...
Economic growth in Chicago is tapering off, according to a new December Chicago Business Barometer report (link opens a PDF) released today by the Institute for Supply Management (ISM). After ...
Some media outlets compared the 2023-2024 layoffs to the video game crash of 1983, when the US video game market collapsed due to an oversaturation of poorly made, low-quality games, causing the video game industry to enter a recession for two years. This has sparked discussions about a potential "second video game crash."
As a hit-driven business, the great majority of the video game industry's software releases have been commercial disappointments.In the early 21st century, industry commentators made these general estimates: 10% of published games generated 90% of revenue; [1] that around 3% of PC games and 15% of console games have global sales of more than 100,000 units per year, with even this level ...
The scars are still raw five years after one of the worst financial crises in modern memory came to an end. Ever since the Dow Jones Industrial Average bottomed out in 2009, investors have been ...
With the economic collapse in the fall of 2008, Gurley garnered attention [17] when he sent a letter [18] to his portfolio companies, advising CEOs to exercise caution in spending but to look for and take advantage of opportunities [19] that become available during harsh economic times. In a 2015 interview Gurley said of private tech investing ...
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