this post was submitted on 18 Sep 2023
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So maybe now would be a good time to buy stocks?
No, because the entire industry and most of their customers are still pissed off enough at them that it’s still going to have very serious long term effects.
If you look at 10 year investment it might be a good idea to buy stocks now, unless this charade kills the company
That’s my point - I am fairly certain they’ve destroyed any trust and goodwill the industry had towards them, to the extent that I would bet money on Unity folding in a year or two.
The only thing that would restore that trust is for Unity to dump their entire exec team, and they’re not going to do that, because the board and the exec team are all buddies.
I don’t think this is recoverable. They tried a naked cash grab (plus some other sketchy stuff lumped in), it blew up in their faces, and now everyone who does business with them knows that Unity’s leadership sees no issue with unilaterally changing all of their business agreements in a sweeping fashion. That’s not a behavior pattern that will entice other companies and developers to do business with them.
Oh shit, I realised I responded to the wrong message lol. I don't disagree, but what if their idea would be to sell to another company?
They’re an industry pariah at this point. They’d have to hand out crazy sweetheart deals to get people onboard (which, with the AppLovin context, was basically happening already)… but anyone who takes that deal should ask themselves: “What if Unity decides to change this deal, too?”