The hacker group ShinyHunters followed through on its threats and went and release the stolen data belonging to Rockstar Games. So far, it consists almost exclusively of impressive revenue figures for GTA Online and Red Dead Online.
Although confidential, these figures have had a very positive effect on the company. In fact, Take-Two’s stock price rose by 2.44% in 24 hours following the release of this information. The publisher’s stock is now trading at $206.28. The company’s market capitalization stands at $38.03 billion as of this writing.
Keep in mind that, over the past year, Take-Two Interactive’s stock has nonetheless fallen by 3.13%. But this trend is expected to reverse very soon with the release of GTA VI on November 19.
It’s interesting to see how the stock market reacts to such significant events. The impact of data breaches on companies can be quite complex. It will be important to see how Take-Two handles the aftermath of this situation.
You’re right; it’s fascinating how the market can be so responsive. It might also be worth noting that these breaches can lead to long-term reputational damage for companies, which could affect their stock in the future.