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    How Frustration Over TikTok Has Mounted in Washington

    How Frustration Over TikTok Has Mounted in Washington

    Hundreds Of Employees At TikTok Earlier Worked With Chinese State Media: Report

    300 Employees At TikTok Earlier Worked With Chinese State Media: Report

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    Meta testing stronger Facebook Messenger encryption after abortion case

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    Parents are introducing kids to the original starter Pokémon on TikTok

    Parents are introducing kids to the original starter Pokémon on TikTok

    Facepalm: USPTO Grants Ohio State University Trademark On The Word ‘The’

    Teaching Content Moderators About How To Moderate Is Tough, But TikTok’s Partner Using Actual Child Sexual Abuse Material Is Likely Criminal

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    Save $63 on these award-winning translation earbuds while donating to charity

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    Future of esports in a country economy

    Future of esports in a country economy

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    10 Awesome PC Gaming Accessories and Peripherals Worth Getting

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    How Frustration Over TikTok Has Mounted in Washington

    How Frustration Over TikTok Has Mounted in Washington

    Hundreds Of Employees At TikTok Earlier Worked With Chinese State Media: Report

    300 Employees At TikTok Earlier Worked With Chinese State Media: Report

    Facebook had little choice but to surrender data in Nebraska abortion case

    Facebook had little choice but to surrender data in Nebraska abortion case

    facebook headquarters

    Meta testing stronger Facebook Messenger encryption after abortion case

    Silhouette of smartphone with Facebook, Messenger, whatsApp, Instagram, Oculus apps and blurred META logo on background.

    Meta Aims to Encrypt All Facebook Messenger Chats – Review Geek

    How Trump changed Facebook - Vox

    How Trump changed Facebook – Vox

    Facebook's Message Encryption Was Built to Fail

    Facebook’s Message Encryption Was Built to Fail

    Parents are introducing kids to the original starter Pokémon on TikTok

    Parents are introducing kids to the original starter Pokémon on TikTok

    Facepalm: USPTO Grants Ohio State University Trademark On The Word ‘The’

    Teaching Content Moderators About How To Moderate Is Tough, But TikTok’s Partner Using Actual Child Sexual Abuse Material Is Likely Criminal

  • Business
    How Frustration Over TikTok Has Mounted in Washington

    How Frustration Over TikTok Has Mounted in Washington

    Hundreds Of Employees At TikTok Earlier Worked With Chinese State Media: Report

    300 Employees At TikTok Earlier Worked With Chinese State Media: Report

    Facebook had little choice but to surrender data in Nebraska abortion case

    Facebook had little choice but to surrender data in Nebraska abortion case

    facebook headquarters

    Meta testing stronger Facebook Messenger encryption after abortion case

    Silhouette of smartphone with Facebook, Messenger, whatsApp, Instagram, Oculus apps and blurred META logo on background.

    Meta Aims to Encrypt All Facebook Messenger Chats – Review Geek

    How Trump changed Facebook - Vox

    How Trump changed Facebook – Vox

    Facebook's Message Encryption Was Built to Fail

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    Parents are introducing kids to the original starter Pokémon on TikTok

    Parents are introducing kids to the original starter Pokémon on TikTok

    Facepalm: USPTO Grants Ohio State University Trademark On The Word ‘The’

    Teaching Content Moderators About How To Moderate Is Tough, But TikTok’s Partner Using Actual Child Sexual Abuse Material Is Likely Criminal

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  • Tech
    How Frustration Over TikTok Has Mounted in Washington

    How Frustration Over TikTok Has Mounted in Washington

    Hundreds Of Employees At TikTok Earlier Worked With Chinese State Media: Report

    300 Employees At TikTok Earlier Worked With Chinese State Media: Report

    Facebook had little choice but to surrender data in Nebraska abortion case

    Facebook had little choice but to surrender data in Nebraska abortion case

    facebook headquarters

    Meta testing stronger Facebook Messenger encryption after abortion case

    Silhouette of smartphone with Facebook, Messenger, whatsApp, Instagram, Oculus apps and blurred META logo on background.

    Meta Aims to Encrypt All Facebook Messenger Chats – Review Geek

    How Trump changed Facebook - Vox

    How Trump changed Facebook – Vox

    Facebook's Message Encryption Was Built to Fail

    Facebook’s Message Encryption Was Built to Fail

    Parents are introducing kids to the original starter Pokémon on TikTok

    Parents are introducing kids to the original starter Pokémon on TikTok

    Facepalm: USPTO Grants Ohio State University Trademark On The Word ‘The’

    Teaching Content Moderators About How To Moderate Is Tough, But TikTok’s Partner Using Actual Child Sexual Abuse Material Is Likely Criminal

  • Gear
    • All
    • Camera
    • Laptop
    • Smartphone
    Save $63 on these award-winning translation earbuds while donating to charity

    Save $63 on these award-winning translation earbuds while donating to charity

    TikTok is going bonkers over this brilliant iPhone camera trick

    Kuo says iPhone 14 Pro price will be more expensive

    10 out-of-sight Google Pixel settings worth surfacing

    10 out-of-sight Google Pixel settings worth surfacing

    Google Nest Audio in gray on top of book in front of yellow couch.

    Choosing a smart speaker: 6 things to consider

    How to send text messages from your computer

    How to send text messages from your computer

    Chrome OS Chromebooks

    ChromeOS: Tips, tools, and other Chromebook intelligence

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Apps
    Google Drive logo.

    How to Manage Apps Connected to Your Google Drive

    6 Android Apps for Budget Management

    Samsung Galaxy Z Fold 4: $1,800 Foldable Phone Returns With New Design, Software Tweaks

    8 Types Of Android Apps To Delete Right Away

    8 Types Of Android Apps To Delete Right Away

    Hashtag Trending June 28 – ‘how to move to Canada’ surges in searches; MacBook Pro M2 SSD speed; streaming ‘moochers’ may not pay for a sub

    Hashtag Trending August 12 – Facebook is not popular with teens; misinformation continues to spread; FCC rejects Starlink’s application for $885 million subsidy

    Sloppy Software Patches Are a ‘Disturbing Trend’

    Sloppy Software Patches Are a ‘Disturbing Trend’

    Cyber Security Today for June 29, 2022 — A list of the most dangerous software weaknesses is updated, a warning to Kubernetes administrators, and more

    Cyber Security Today, August 10, 2022 – Bad apps are found in the PyPI repository, six backdoors are used in a gang’s cyber attacks, a new botnet found and more

  • Gaming
    Future of esports in a country economy

    Future of esports in a country economy

    10 Awesome PC Gaming Accessories and Peripherals Worth Getting

    10 Awesome PC Gaming Accessories and Peripherals Worth Getting

    M'sia bags 3 golds at the Commonwealth Esports Championships

    M’sia bags 3 golds at the Commonwealth Esports Championships

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    Microsoft Testing PC Game Pass Widget for Windows 11

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    Activision Blizzard makes more money from mobile games than PC and console combined

    Activision Blizzard makes more money from mobile games than PC and console combined

  • Crypto
    How Frustration Over TikTok Has Mounted in Washington

    How Frustration Over TikTok Has Mounted in Washington

    Hundreds Of Employees At TikTok Earlier Worked With Chinese State Media: Report

    300 Employees At TikTok Earlier Worked With Chinese State Media: Report

    Facebook had little choice but to surrender data in Nebraska abortion case

    Facebook had little choice but to surrender data in Nebraska abortion case

    facebook headquarters

    Meta testing stronger Facebook Messenger encryption after abortion case

    Silhouette of smartphone with Facebook, Messenger, whatsApp, Instagram, Oculus apps and blurred META logo on background.

    Meta Aims to Encrypt All Facebook Messenger Chats – Review Geek

    How Trump changed Facebook - Vox

    How Trump changed Facebook – Vox

    Facebook's Message Encryption Was Built to Fail

    Facebook’s Message Encryption Was Built to Fail

    Parents are introducing kids to the original starter Pokémon on TikTok

    Parents are introducing kids to the original starter Pokémon on TikTok

    Facepalm: USPTO Grants Ohio State University Trademark On The Word ‘The’

    Teaching Content Moderators About How To Moderate Is Tough, But TikTok’s Partner Using Actual Child Sexual Abuse Material Is Likely Criminal

  • Business
    How Frustration Over TikTok Has Mounted in Washington

    How Frustration Over TikTok Has Mounted in Washington

    Hundreds Of Employees At TikTok Earlier Worked With Chinese State Media: Report

    300 Employees At TikTok Earlier Worked With Chinese State Media: Report

    Facebook had little choice but to surrender data in Nebraska abortion case

    Facebook had little choice but to surrender data in Nebraska abortion case

    facebook headquarters

    Meta testing stronger Facebook Messenger encryption after abortion case

    Silhouette of smartphone with Facebook, Messenger, whatsApp, Instagram, Oculus apps and blurred META logo on background.

    Meta Aims to Encrypt All Facebook Messenger Chats – Review Geek

    How Trump changed Facebook - Vox

    How Trump changed Facebook – Vox

    Facebook's Message Encryption Was Built to Fail

    Facebook’s Message Encryption Was Built to Fail

    Parents are introducing kids to the original starter Pokémon on TikTok

    Parents are introducing kids to the original starter Pokémon on TikTok

    Facepalm: USPTO Grants Ohio State University Trademark On The Word ‘The’

    Teaching Content Moderators About How To Moderate Is Tough, But TikTok’s Partner Using Actual Child Sexual Abuse Material Is Likely Criminal

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Stocks week ahead: Electronic Arts still the odd one out in gaming

by Staff Writer
June 28, 2022
in Gaming
Reading Time: 6 mins read
Stocks week ahead: Electronic Arts still the odd one out in gaming
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Xbox owner Microsoft (MSFT) is in the process of buying Activision Blizzard (ATVI). Grand Theft Auto maker Take-Two Interactive (TTWO) has already scooped up mobile game developer Zynga.Will EA be able to remain independent as its peers continue to grow? There’s also growing competition from the likes of metaverse mobile gaming company Roblox and Fortnite maker Epic. Even Netflix (NFLX) has thrown its hat into the gaming arena.EA has a lot of lucrative franchises, such as the long-running Madden NFL games, a popular soccer series (that will soon lose the FIFA branding), Apex Legends and several games tied to the Star Wars universe. And there has been a lot of chatter about EA being a good takeover target for deep-pocketed tech and media firms such as Apple (AAPL), Disney (DIS), Comcast (CMCSA), or Amazon (AMZN). Grand Theft Auto, meet FarmVille

So will EA finally get bought? The company was not immediately available for comment.

But EA has been acquisitive in its own right and could be looking for further deals, particularly ones that could bolster its mobile gaming division. EA made two such acquisitions in 2021, Glu for $2.4 billion and Playdemic (formerly owned by previous CNN parent AT&T (T)) for $1.4 billion. Analysts at Goldman Sachs estimate that there’s about a 15% probability that EA could itself be acquired, “given heightened levels of M&A activity within the video game space,” according to a recent report about the broader tech sector. It’s a small chance to be sure, but it’s bigger than zero.

READ ALSO

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August 7, 2022
Activision Blizzard makes more money from mobile games than PC and console combined

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August 6, 2022

The analysts came up with a potential takeover valuation of $190 a share, which is “consistent with recent video game transactions.” That’s nearly 50% above EA’s current stock price.

Still, EA has enough quality content to justify going it alone for the foreseeable future.

Wells Fargo analyst Brian Fitzgerald noted in a report after EA’s latest earnings came out in May that a “solid pipeline” (more games from EA Sports, plus updates to The Sims, Lord of the Rings and Bioware franchises) as well as “accelerating mobile growth” were positives for the stock.

So EA may not need to sell itself to a larger company to remain competitive in the video game world.

Earnings from Nike and Walgreens on tap

There is a definite lull in “earnings season.” Most major companies will report second quarter results in mid-July. But some notable companies, including two Dow components, are on tap to release results this week.

Nike (NKE) will report its earnings after the closing bell Monday. Shares of the sneaker and athletic apparel giant are down nearly 35% this year. Tampon shortage: Instacart says it's struggling to fulfill ordersTampon shortage: Instacart says it's struggling to fulfill ordersThe company reported solid results in March, but geopolitical worries have weighed on Nike’s stock. Analysts are predicting that Nike will post a decline in sales and earnings per share for the quarter. Nike also just announced it’s exiting Russia in light of the invasion of Ukraine.Walgreens (WBA) will also report results before the market opens on Thursday. Shares are down 20% this year, double the 10% drop for rival CVS (CVS) but not as bad as the nearly 45% plunge for Rite Aid (RAD).It’s been a challenging second year for Walgreens CEO Rosalind Brewer, who took the top job in March 2021. The veteran executive, who had previous leadership roles at Walmart (WMT) and Starbucks (SBUX), is dealing with supply chain disruptions and concerns about a slowdown in the economy and weakening consumer demand — a problem facing all retailers. Wall Street is predicting that revenue and net income will fall from a year ago.

Up next

Monday: US durable goods orders; US pending home sales; earnings from Nike, Jefferies (JEF) and Trip.com (TCOM)

Tuesday: US consumer confidence

Wednesday: Earnings from General Mills (GIS), McCormick (MKC), Bed Bath & Beyond (BBBY), Paychex (PAYX) and Patterson (PDCO) Thursday: End of second quarter; weekly US jobless claims; US PCE inflation; US personal income and spending; earnings from Walgreens, Constellation Brands (STZ) and Micron (MU)

Friday: US ISM manufacturing

Source by www.cnn.com

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