You think they just suddenly came up with this model? No shit they have to jump through hoops. That doesn't stop them from doing it in advance of something like this
Not that scumbag ceos wouldn't do such a thing, but doesn't appear to be the case here: https://finance.yahoo.com/quote/U/
Anyways, investors love this subscription model recurring revenue junk, makes sense that if anything their stock price has risen from this announcement. We'll see how it pans out in the long term though.
Depending on how long the backlash can stick around, I would expect to see it go down with a large exodus. In particular, if Microsoft gets upset about the impact it could have to gamepass. Unity does seem to be backtracking, but it really feels like they overextended on purpose to make the actual result feel less shitty
Like laying down a mighty fart just as the elevator doors close, Unity management abandon the aircraft they were supposed to captain on their golden parachutes. The corporate money making machine continues to chug on.
I’m pretty sure every moderately in touch indie developer has removed Unity from their future projects. They’ve entirely lost the trust of the community and probably can’t do anything to earn it back
I too think he is an idiot, but since he likely is not, we have to wonder why he is tanking Unity. Mayne he and Musk are both playing some game where they personally win by destroying a company? I don’t know, but it all seems suspicious.
He sold 2,000 fucking options at $1.43 a piece today. The largest trade he's ever made was selling 1,899,317 units of Unity Software stock on 4 June 2020 worth over $87,615,493. On average, Mr trades about 193,001 units every 155 days since 2012.
Adding to this: SEC regs for officers in public companies require them to plan and disclose trades well in advance. It's not exactly my field and I'm way too lazy to research, but it's probably like one or two quarters in advance. This is to prevent market panic and speculation exactly like the bs in this thread.
Yep, I didn't bother to include the advance disclosure requirements. Publically traded company employees with insider information are banned from trading on it (theoretically could be anyone but generally just reserved for execs who actually make enough off the dishonesty to be worth going after). Execs can't even trade in real time as the temptation is obviously too great, they have to make any buy/sell purchases of their own company a quarter in advance.
I remember rooting for Unity over Unreal because I like using C# over C++ (because smooth brain). But when he stated that if dev aren't using mobile then they are dumb (paraphrasing), I shifted to Unreal. Glad I did after seeing this shit show. Hope he gets the boot after this.
I liked using unity cause it was faster, more light weight, and had much more community based things around it. I've been mainly developing in unreal this past year due to it being a group thing, but I'm gonna be fully switching over to Godot for any personal or individual development now.
Still immoral. I know everyone here is arguing about SEC regulations and that fuckboy was technically within his legal rights, but I’d like to remind you all that THE LAW IS ONLY THE BARE MINIMUM FOR ACCEPTABLE HUMAN BEHAVIOUR AND YOU SHOULD PROBABLY AIM WELL ABOVE IT TO NOT BE A COMPLETE SHITBAG
I don’t care about what’s legal, this was still an immoral move.