Rovio, the mobile development firm behind the Angry Birds franchise, has experienced a sharp drop in its stock price. In 2017, Rovio earned a very respectable $365 million. But after the company warned that revenues would be lower in 2018, the value of its shares decreased by 50 percent.
At one point, the company’s market cap was around $1 billion, but it is now worth less than $500 million.
Developer.com features tutorials, news, and how-tos focused on topics relevant to software engineers, web developers, programmers, and product managers of development teams. In addition to covering the most popular programming languages today, we publish reviews and round-ups of developer tools that help devs reduce the time and money spent developing, maintaining, and debugging their applications. This includes coverage of software management systems and project management (PM) software - all aimed at helping to shorten the software development lifecycle (SDL).
Advertise with TechnologyAdvice on Developer.com and our other developer-focused platforms.
Property of TechnologyAdvice.
© 2022 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.
