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EA Is Laying Off 6% of Staff. Why Videogames Aren’t Recession-Proof This Time.

Por: MarketWatch Business March 30, 2023

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EA shares were up 0.4% in premarket trading on Thursday. The stock is down 2.5% this year so far. Videogame spending has often held up when other corners of the economy have shrunk, with gaming offering more value than movies or a meal out. Videogames particularly boomed during the Covid-19 pandemic as other sectors fell, with consumers stuck at home. However, after the high came the lows. U.S. videogame spending fell 5% in 2022, according to... + full article



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