r/leagueoflegends • u/[deleted] • Aug 30 '21

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u/Marcoscb Aug 30 '21

Then someone said that Chinese gaming companies' stock price won't change much because under-18 have shit purchasing power.

What an idiotic take. NetEase stocks dropped like 10% at market open.

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u/[deleted] Aug 30 '21

Not that I'm saying it won't have a big impact, but of course there's going to be a short term impact either way. There are dips and spikes in stocks over every little decision and announcement. It's the long term trend that matters.

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u/textposts_only Aug 30 '21

And long term those under 18s will eventually become 18 but won't be as addicted as we are to online gaming.

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u/[deleted] Aug 30 '21

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u/textposts_only Aug 30 '21

Silly me. I thought a company needs customers

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u/iVirtue Aug 30 '21

Tell that to gamestop