CD Projekt Red shares plummeted after Sony withdrew Cyberpunk 2077 from the PS Store. Following Sony’s decision to withdraw Cyberpunk 2077 from the PS Store due to its poor performance, CD Projekt’s shares plummeted to historical lows.
Sony withdrew Cyberpunk 2077 from the PS Store
The shares of Polish developer CD Projekt fell by up to 20% on Friday after receiving news that Sony had removed Cyberpunk 2077 from its store. The company has lost about $1.4 billion in market value since the game was launched on December 10. Analysts say it is very rare for a console to remove a AAA game due to quality issues.
At the time of writing, the share price of CD Projekt stands at 271.40 PLN (slot, the Polish currency), which would be about $74 at the exchange rate. However, it peaked at 460 PLN ($126) on August 27, but following further delays and a most problematic launch, the shares plummeted.
After receiving the hard news from Sony, CD Projekt assured that although the game is no longer for sale, those who keep their copy will receive updates anyway. It also gave peace of mind that those players who do not wish to wait for the patches to arrive can ask for a refund.
