The Strategist

Video game makers stocks collapse after Trump accuses them of violence

08/06/2019 - 12:32

Stock price of major video game companies fell after U.S. President Donald Trump accused them of promoting violence on Monday, according to the New York Stock Exchange.

Lyncconf Games
Lyncconf Games
At the close of trading on Monday shares of Activision Blizzard Inc. lost 5.96% of the value and fell to $46.1 per share, Electronic Arts Inc fell by 4.63% to $88.59 per share, Take-Two Interactive Software Inc. lost 5.19% and its investors gave $115.38 per share.

In his appeal, Trump said that "we must stop the praise of violence in our society and this should include both disgusting and terrible video games, which have now become commonplace."

Trump's speech was dedicated to the next round of violence, which the Americans witnessed last weekend. On Saturday, there was shooting at the Walmart Mall in El Paso, West Texas. As a result of the incident, 22 people were killed and dozens injured. Many of them are in serious condition. Later, another shooting incident occurred in the Oregon area of Dayton. As a result, ten people died, including the shooter, another 27 were injured.