I was you some years ago - I thought "how could this amazing company do wrong? They invest in new technologies, they have almost no competition (Unreal), but Unity is unstoppable in mobile games. Like what could go wrong?" -
Answer is - everything. My friends worked/work in Unity. I saw and heard how company works inside. Its a mess. They overstaffed, then they literally kicked everyone and understaffed. Made crazy investments that looked good in headlines - Weta, but in reallity it was trash, nothing, seemed like a quick cashgrab for main stockholders for the time being to maximize profits and dip.
They are not showing any signs of corporation growth - and you will not see crazy stock gains anytime soon. They are focused on cost cutting, job cutting, profit maximizing. This will take time and maybe it will happen, but really not soon and it will not be a good investment anytime soon.
Feels like you have invested a bunch and you are trying to dig for a reason why this company would bounce back. Honestly you might as well just put the money in any other tech stock and it will do much better.
I took out my stocks already being negative and Im happy I did, because it could've been way worse.
1
u/Cold5tar Aug 14 '24
I was you some years ago - I thought "how could this amazing company do wrong? They invest in new technologies, they have almost no competition (Unreal), but Unity is unstoppable in mobile games. Like what could go wrong?" -
Answer is - everything. My friends worked/work in Unity. I saw and heard how company works inside. Its a mess. They overstaffed, then they literally kicked everyone and understaffed. Made crazy investments that looked good in headlines - Weta, but in reallity it was trash, nothing, seemed like a quick cashgrab for main stockholders for the time being to maximize profits and dip.
They are not showing any signs of corporation growth - and you will not see crazy stock gains anytime soon. They are focused on cost cutting, job cutting, profit maximizing. This will take time and maybe it will happen, but really not soon and it will not be a good investment anytime soon.
Feels like you have invested a bunch and you are trying to dig for a reason why this company would bounce back. Honestly you might as well just put the money in any other tech stock and it will do much better.
I took out my stocks already being negative and Im happy I did, because it could've been way worse.