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Activision stock drops 8% on worker strike, ongoing abuse controversy

Activision-Blizzard stock fell to lowest points in the last six months following scathing abuse and discrimination allegations.

@DeekeTweak
Published Tue, Jul 27 2021 5:15 PM CDT   |   Updated Wed, Aug 25 2021 10:40 PM CDT

Activision shares dropped to the lowest point in the last 6 months amid recent abuse allegations, en masse employee pushback, stalled development, and news of worker strikes.

Activision stock drops 8% on worker strike, ongoing abuse controversy 43 | TweakTown.com
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Activision-Blizzard shares dropped over 8% today as developers prepare to strike in protest against the company's abuse allegations. The games giant, who generated $8.3 billion last year, is facing a scathing lawsuit that alleges multiple instances of harassment, abuse, and discrimination of female employees.

Company executives have since responded internally to the claims, which over 2,000 employees called "insulting and abhorrent" in a recent petition.

The controversy has significantly disrupted the company. Development on World of Warcraft, one of the publisher's most lucrative games, has stalled completely.

Now workers are banding together and plan to go on strike at Blizzard's Irvine-based headquarters, Bloomberg reports.

Activision-Blizzard has yet to make a public and formal statement on the lawsuit.

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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