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this post was submitted on 26 Dec 2023
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That and that there were historically low interest rates and the fact that gaming and tech in general saw a huge boost during COVID that has started to subside last year added to the obvious bubblr
Exhibit A: Embracer Group
Sucked up a ton of studios when it was almost free to do so, but now they can't afford to actually do anything with them. And since the Saudi deal fell through no one wants to invest in a sinking ship