NewsRovio Loses Half Its Value

Rovio Loses Half Its Value

Developer.com content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

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.

View article

Get the Free Newsletter!

Subscribe to Developer Insider for top news, trends & analysis

Latest Posts

Related Stories