This week, Google revealed Stadia, a platform where high definition games are streamed directly to devices of any screen size and kind.
After the announcement was made, Nintendo and Sony, which manufacture video game consoles as their bread and butter, saw their stock collapse by up to 4%. Google, on the other hand, saw an increase its share price by over 10%.
Here is a look at the fall:
A share price’s rise and fall is correlated to how investors trade shares in the market. Investors believe in Google’s vision for video games, and so they ditched Nintendo and Sony to purchase Google shares. But whether anyone subscribes to Stadia is a question for another day.
What do you think? Let us know in the comments.