The Cyberpunk 2077 developer shed up to $1.7 billion in market capitalization after Sony said it would pull the buggy game from its PlayStation store and provide refunds to players.
"After three delays, we were too focused on releasing the game," co-CEO Adam Kicinski said during an analyst call this week. "It was the wrong approach and against our business philosophy."CD Projekt shares plunged as much as 20% to a nine-month low on Friday as the Polish game studio suffered fresh backlash to its release of a bug-ridden Cyberpunk 2077 last week.
Fail.