Brutal drop in CD Projekt Red shares after the departure of Cyberpunk 2077

Brutal drop in CD Projekt Red shares after the departure of Cyberpunk 2077

The Cyberpunk 2077 controversy does not end, and we are already almost 2 years since it was released in that fateful December 2020, the month in which the image of CD Projekt Red massively declined in the eyes of the community due to the innumerable amount of technical problems that the production had at launch, particularly on consoles of the previous generation, although the problem extended to a lesser extent to all platforms.

The company’s image was not the only thing that fell, its shares also plummeted and a new report shows how deep the fall was and the impact that this has on the Polish company today.

The ripple effect of Cyberpunk 2077

The report was prepared by Business Insider Poland, and shows an alarming result for the board of directors of CD Projekt Red: since the release of Cyberpunk 2077, the company’s shares have lost 75% of their value. If we translate this into net numbers, in December 2020 the company was valued at PLN 40 billion, and is now worth PLN 10, making Techland, the developers of Dying Light, the most valuable video game company in Poland.

It’s not all negative, CD Projekt Red still has ample leeway with a new The Witcher game in development and Xbox Series X/S and PS5 versions of The Witcher 3 due to arrive sometime this year.

Brent Dubin
Brent Dubin, known as the Gaming Giant among Globe Live Media staff, is the chief Gaming Reporter for Globe Live Media. Having attended all the major events of Gaming around the World, he is sure to give you exactly the update related to gaming World you are looking for.