After a much maligned rollout of the highly anticipated Cyberpunk 2077, CD Projekt RED is feeling the sting of the botched last-gen iteration of the game. That sting reaches all the way to the top, with the company?s founders losing an estimated $1.4 billion in stock value as the controversy has affected the bottom line.
While closing at an all-time high of $31.00 on Friday December 4th?likely in anticipation of a successful launch?the developer?s stock bottomed out at $20.50 on Tuesday December 15th, shortly following the December 10th launch. That?s one third of the company?s stock value gone in a span of 11 days, with much of the freefall happening post-launch. The company?s three founders and a fourth additional owner possess 34% of the total stock. Quick maths tell us that what was $4.5B on December 4th shrank to roughly $3B on December 15th.
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