200°

Microsoft's Entertainment President, Bach, Sold Stock as Xbox Problems Mounted

Regulatory filings indicate that Robbie Bach, president of Microsoft's Entertainment and Devices division, has sold $6.2 million worth of company stock since May, a period during which mounting Xbox 360 technical problems have come to light.

While corporate executives often partake in scheduled selling plans to ensure they aren't perceived to be using insider information to sell stock for personal benefit, the report indicates that Bach's insider sales were not done according to a scheduled plan.

More after the jump.

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next-gen.biz
sony fan6141d ago

yea, MS sucks. Even though people buy and sell their companies stock all the time for different reasons which you could learn in a business course, lets all pretend it is only bad news because either we are dumb or just ignorant, but hey one thing is for sure we are sony fans.

HaKeRsCanRotINHEL6140d ago

Its a joke! FTLOG man, get a life.

XxZxX6141d ago

Did he just pull the ejector seat ??

JIN KAZAMA6141d ago

nice analogy. Hey, atleast he knows when to get out.
People like baldstar, nobizlikeBLOWbiz, thammer the crack whores son, and others will stay in the plane, and crash and burn. And they'll be happy they did, their that DUMB!

kewlkat0076141d ago (Edited 6141d ago )

Somebody might get canned..

Keyser6141d ago (Edited 6141d ago )

This guy is going to get quite the chatising from Bill Gates when he comes into work tomorrow.

A lot of the index finger pointed in his face followed by saliva bursts.

Skynetone6141d ago

Know watch MS shares hit rock bottom

risk6141d ago

but i see can see a decline in the value of this. because the market will not know if there are other people who are also using this insider trading to sell their stocks.

codeazrael6141d ago

Considering that since over 95% of the world's computers run windows.

warfed26141d ago

yeah 95% of all computers use windows yet their stock is falling, what does that tell you?

Show all comments (38)
90°
8.0

Fallout 4 Xbox Series X|S Review | TheXboxHub

Richard writes: "Now was the right time to release the Fallout 4 Xbox Series X|S update. It just could have been more."

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thexboxhub.com
anast1d 6h ago (Edited 1d 6h ago )

They aren't going to give more. We are talking about a company that has rereleased an 13 year old game at least 5 times.

180°

Senua's Saga: Hellblade II, Homeworld 3, and More Exciting Games Coming Out in May

Things are heating up in May a bit with Senua's Saga: Hellblade II, the Paper Mario TTYD remake, and a ton of promising indies. We pick the most interesting May games, from AAA to indie, so you can make sense of everything coming out.

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wccftech.com
shinoff21831d 18h ago (Edited 1d 18h ago )

Doesn't seem to be that bad of a month. Got a bit of something for everyone.

Please do not support braid anniversary edition. Don't support Phil phish, he's a very despicable person, a a cry baby.

One example

https://youtu.be/yKUGwlFJAH...

Tacoboto1d 17h ago

Wrong developer. Phil Phish was the developer behind Fez.

Jonathan Blow was behind Braid. If you're gonna cancel culture, don't take down the wrong indie...

CrimsonWing691d 9h ago

Man, I don’t know why, but it also irks me when people try to tell others what to do. Fez was an awesome game, I couldn’t care less if the dev was a douche.

This is just extra cringe since the person actually doesn’t know what they’re talking about 🤦‍♂️

remixx1161d 1h ago

Welcome to the internet crimson

shinoff218318h ago(Edited 18h ago)

I wasn't cancel culturing shit. Phil phish is a complete douche. Did you bother to watch the video? Probably not.

I was wrong but call me cancel culture is just plain dumb also

Also crimson.

As you I'm human and we make mistakes. That was a mistake I mixed the games up. Shit happens. So go cringe yourself

Honest mistake, if you can watch that video and support the guy. Then I guess your in the same camp

Tacoboto17h ago

You were wrong and that's that. Don't be so angry.

And yeah, that is a case example of cancel culture. It was a dozen years ago, he's apologized since, had Japanese developers rationalize with his remark, barely has done anything in the industry since Fez, and yet here you are, not even remembering the one game he made...

+ Show (1) more replyLast reply 17h ago
140°

Keoken Interactive lays off majority of team after failing to find funding at GDC

Deliver Us Mars developer Keoken Interactive has laid off the majority of its staff after struggling to secure funding …

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gamesindustry.biz
mastershredder1d 21h ago

The industry model and standards and who's in place to approve/disapprove have changed ^ what Keoken is feeling now is much like the Mobile burst 15 years ago. Expect more to come out of your own finances. Investors are treating games like movies and now (thank$ a lot for involving yourself hollywood) only the big (and money blind) investors get involved, effectively killing a lot of content that would come out with proper non-gate-kept and/or with incentivized funding.

Markdn1d 20h ago

And when you only make a fraction of your games worth on gamepass you suffer

Tacoboto1d 17h ago

Palworld and Manor Lords are so suffering.

RiseNShine1d 9h ago (Edited 1d 9h ago )

Sorry but i couldn't care less, Deliver us Mars was as woke game as they come, climate change disaster, all female cast plus only a comic relief indian guy (it takes only 5 minutes into the game for the main female character to say how smart she is compared to the guy), evil white guys, ugly females, then add generic gameplay and puzzles (how many times do you have to cut things with a laser for gods sake), you can't change anything in how the events develop so 0 agency in the story, sub par graphics even while using UE4. So well, go woke go broke, that's how it works.

Miacosa1d 5h ago (Edited 1d 5h ago )

That stinks but with a 68 average critic rating on their games probably made it difficult for people to invest considering there is a bloat of games getting made these days.

ROCKY281d 1h ago

You guys will be back with team strength and funding !