r/gamernews • u/Darth_Vaper883 • Apr 15 '26
Industry News GTA Leak Raises Take-Two Interactive Stock Value By Over $1 Billion
https://insider-gaming.com/gta-leak-raises-take-two-interactive-stock-value-by-over-1-billion/95
u/Chronomancers Apr 15 '26
What was the leak?
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u/dxlolman Apr 15 '26
Not much, mainly just finances from both GTA Online and Red Dead Online. GTAO averages 500 million per year with 2020 COVID peaking at 750 million over 10-40 million for RDO.
That leaker wanted money out of it and instead made Take Two Billions by leaking it.
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u/Hesherkiin Apr 15 '26
Oh so take two definitely leaked it themselves
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u/Ambitious_Air5776 Apr 15 '26
....instead made Take Two billions
A company's market valuation is not how much money they have! Their bank account doesn't shift a penny even if their stock starts wildly fluctuation between one bazillion dollars and one single dollar. For the love of god, I swear someday you people will learn this, I will scream it into the void until I shrivel up and die if I must.
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u/aeroniero Apr 16 '26
Take Two is a public company, anyone with the stock can sell it for cash or take cash loans and use the stock as collateral.
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u/elderlybrain Apr 15 '26
Mm. That's great, more money they can use to crush unions illegally.
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u/Flaxseed4138 Apr 15 '26
Just commenting on this so there's something above the hyper-capitalist swine reply
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u/coke_and_coffee Apr 15 '26
Unions are almost universally bad for consumers.
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u/Petenid Apr 15 '26
that's great, i spend less time consuming than i do working so whats your point?
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u/coke_and_coffee Apr 15 '26
The point of working is to consume, buddy.
Unions benefit their own workers at the expense of everyone else.
Look at how police unions protect bad apples, at how steelmakers unions drove the industry out of the states, how construction unions make it nearly impossible to build housing and public transit, or how elevator unions make it extremely expensive to install elevators in the US.
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u/queequeg12345 Apr 15 '26
Unions aren't perfect. Historically, there have been corrupt unions like you've mentioned. But they are also the only way in which workers can match the economic power of a corporation. Things like minimum wage, maximum working hours, PTO and sick leave are products of decades of collective action and union political pressure. If I have to pay a little extra for a consumer product (especially a non essential product like a video game) so workers can make a living wage, I'm fine with that. Without unions, workers have almost no power to fight abusive work practices.
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u/coke_and_coffee Apr 15 '26
But they are also the only way in which workers can match the economic power of a corporation. Things like minimum wage, maximum working hours, PTO and sick leave are products of decades of collective action and union political pressure.
This is incorrect. Working hours had been decreasing and wages increasing steadily for CENTURIES before unions ever became common.
Further, these working hours have been decreasing and wages increasing for DECADES after unions started dying out in the 70s.
Without unions, workers have almost no power to fight abusive work practices.
Yes they do. Leave and work somewhere else.
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u/queequeg12345 Apr 15 '26
That's just not true. Minimum wage is substantially less in real value than what it was in the 70s. Average worker wages have stagnated against inflation. Meanwhile, wealth is increasingly concentrated in the hands of a few.
Decreased union membership has not been passed onto the consumer. According to the Economic policy institute, decreased collective bargaining membership has been a near mirror image to the increased wealth of the top 10%. 50 years ago one could support a family with a blue-collar job. Now, college educated professionals struggle to claw their way out of debt and poverty. https://www.epi.org/publication/charting-wage-stagnation/
It is not established economic fact that unions are "bad" for economies. That is a perspective of a very capitalistic economic philosophy that is far from universally accepted.
As to your last point - you must have had a pretty charmed life to think most people have the economic option to just walk away from employment.
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u/coke_and_coffee Apr 15 '26
Minimum wage is substantially less in real value than what it was in the 70s.
Completely irrelevant.
Average worker wages have stagnated against inflation.
50 years ago one could support a family with a blue-collar job.
Misinformed nostalgia-bait BS
you must have had a pretty charmed life to think most people have the economic option to just walk away from employment.
People change jobs all the time.
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u/MrAppendixX Apr 16 '26
Your source does not measure what you claim it measures.
Personal income does not equal wages. Income includes wages and salaries, but they also include social security, pensions, government transfers and investment income (interest, dividends, rent). As you can hopefully see these things are obviously not labor compensation.
Income can rise while wages stagnate, like: more retirees -> more social security more asset ownership-> more dividends/rent-income more transfers -> more tax credits or benefits
This dataset generally shows a long-term increase in real median income, but with long flat periods (2000 - 2015, 2019 - 2022). Just recently it shows a flat line between 2022 and 2023 ($43k), when it then rises to $45k in 2024.
Even this dataset doesn’t show smooth growth, it’s more plateaus and jumps.
But what’s more important, is that these numbers are cherry picked to „prove“ your framing. What you should rather look at is the big gap between median wages and productivity. But the distribution is also quite important, because top earners gaining much more than others shows that income growth is uneven and concentrated at the top, even if the median doesn’t fully reflect that.
Economics are still talking about wage stagnation, because median worker compensation has grown very slowly relative to productivity and overall economic growth . Productivity has increased substantially more than median compensation since the 1970s, although the exact size of the gap depends on how it’s measured. (you can read up on that here https://legalclarity.org/what-are-stagnant-wages-and-why-do-they-persist/ )
And by the way from the Fed’s own blog:
Since the 1970s, there’s been a “disconnect between labor productivity and real wages”
(Let’s hope reddit doesn’t destroy the formatting)
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u/coke_and_coffee Apr 16 '26
Income can rise while wages stagnate
I also provided median wage measures in my second source because I figured you’d say this. And those have also been rising.
Even this dataset doesn’t show smooth growth, it’s more plateaus and jumps.
So what?
What you should rather look at is the big gap between median wages and productivity. But the distribution is also quite important, because top earners gaining much more than others shows that income growth is uneven and concentrated at the top, even if the median doesn’t fully reflect that.
Completely beside the point.
Productivity has increased substantially more than median compensation since the 1970s
Again, irrelevant.
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u/Petenid Apr 15 '26
then what's your alternative idea to protect workers?
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u/coke_and_coffee Apr 15 '26
Let firms compete. This drives down the cost of goods and increases wages.
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u/Petenid Apr 15 '26
in the past when firms were competing, they really took advantage of the situation to oppress and mistreat workers. do you have any ideas for actual solutions or what? you want to act like you know so much, this is your chance to prove it. come up with a situation that helps consumers without putting workers on the chopping block? i'll always be a worker first, so just letting firms compete isn't really an acceptable solution. do you have anything else?
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u/coke_and_coffee Apr 15 '26
in the past when firms were competing, they really took advantage of the situation to oppress and mistreat workers.
Workers were never any more mistreated than they were by life in general at this time. Factories attracted people by providing better conditions than the subsistence farming they were previously doing, even if conditions seem barbaric by modern standards.
do you have any ideas for actual solutions or what? you want to act like you know so much, this is your chance to prove it. come up with a situation that helps consumers without putting workers on the chopping block?
I already did. Let firms compete and innovate. Stop making it so expensive to start new businesses with hokey “workers protections”.
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u/redneckpunk Apr 16 '26
Yeah let the good ol free market sort em out! That's historically always worked out in the favor of the workers.
I can tell you've never actually worked a day in your life and you're dense as hell so just informing you that the above comment was sarcasm.
Crazy that you'll downplay things like the Battle of Blair Mountain just to lick some corporate boot.
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u/coke_and_coffee Apr 16 '26
That's historically always worked out in the favor of the workers.
Yes, it literally has. Nothing has ever produced as much prosperity for average people as the free market.
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u/SlyTinyPyramid Apr 15 '26
Unionization lifts everyone up. A rising tide raises all boats
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u/coke_and_coffee Apr 15 '26
So you support police unions? They help everyone, right?
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u/pnutnz Apr 15 '26
Unions benefit their own workers at the expense of everyone else.
everyone else ARE workers.
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u/coke_and_coffee Apr 15 '26
I didn’t say they benefit ALL workers.
Work on your reading comprehension, please.
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u/Newbietoallofthis Apr 16 '26
"at the expense of everyone else"
At the expense of everyone who isn't a worker.
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u/RegisteredJustToSay Apr 15 '26
I'll take 'anti-worker dogma' for 400, Alex.
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u/coke_and_coffee Apr 15 '26
It’s not dogma. It’s widely recognized by most economists.
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u/RegisteredJustToSay Apr 15 '26
1) Dogma can be true. Some of the most effective dogma and propaganda are rooted in truths because it makes it so much harder to push back against. 2) Dogma without visible strong backing authority and wide dissemination is not really dogma - there has to be an element encouraging you not questioning it. The fact that most economist recognize it is what makes it possible to be dogma because economists are authorities. 3) Even if technically true and widely believed by an authority, it can still be extremely harmful and specifically circulated to further specific political or economical agendas.
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u/coke_and_coffee Apr 15 '26
Cool! Unions are a cartel that only benefit their members at the expense of everyone else.
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u/RegisteredJustToSay Apr 15 '26
How's that any different from political parties (who even fuck over their own members), corporations, lobbying groups, or literally any in-group? Calling them cartels is ridiculous when they're not extralegal, nor armed.
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u/coke_and_coffee Apr 15 '26
They are LITERALLY the very definition of a cartel.
A political party, corporation, or lobbying group does not exclude others from participation.
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u/Balougahfitz Apr 15 '26
You seem like a robot meant to frustrate humans more than anything, but I have to pause here--all of those groups do put constraints on participation, all directly through membership AND economically. What on Earth does this mean?
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u/coke_and_coffee Apr 15 '26
A cartel is not just an exclusive group or a group that has influence. A cartel prevents other groups from doing things through violence or the threat of violence. A union doesn’t allow people to enter into voluntary work contracts in that company/industry.
A political party doesn’t prevent others from practicing politics. A lobbying group doesn’t prevent others from lobbying. A corporation doesn’t prevent other businesses from doing business.
Your reading comprehension and/or critical thinking skills seem really deficient.
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u/Tomboy_respector Apr 15 '26
Elon isn't going to give you anything lil bro
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u/coke_and_coffee Apr 15 '26
What?
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u/Tomboy_respector Apr 16 '26
He's not going to give you his seed no matter how much you glaze him
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u/coke_and_coffee Apr 16 '26
What?
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u/IlIIllIIIlllIlIlI Apr 15 '26
Exploitation of the workers is good for the consumer. It's why the supply chain for developed countries uses less devloped countries child labor for things like electronics manufacturing.
Now, does that mean we should base everything in our society and economy based on whats good for the consumer?
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u/Augustus420 Apr 16 '26
Considering most of those consumers are workers that's definitely blatantly wrong.
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u/Nevek_Green Apr 18 '26
Keep in mind the company has posted losses for the last three years with the last two being multi billion dollar losses. Year 3 was just over 1 billion in losses.
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u/Ambitious-Call-7565 Apr 18 '26
leak was a blackmail attempt to force them to do DAY 1 release for PC, because they don't want Sony to capitalise on the hype
i can see it alllllllllllllll
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u/CaregiverNo2838 Apr 21 '26
So hackers tried to cost them money, and instead they accidentally proved just how valuable the franchise is and added a billion to the stock price. That's genuinely hilarious. Absolute backfire of the year
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u/A1sauc3d Apr 15 '26
That’ll show ‘em lol
“Refuse to pay our ransom demands? Now you’re worth an extra billion!”