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Epic Games, Inc. is an American video game and software developer and publisher based in Cary, North Carolina. The company was founded by Tim Sweeney as Potomac Computer Systems in 1991, originally located in his parents' house in Potomac, Maryland. Following its first commercial video game release, ZZT (1991), the company became Epic MegaGames ...
Epic Games has used the names Potomac Computer Systems, Epic MegaGames, and Epic Games; the name given for the company is the one used at the time of a game's release. Many of the games under the Epic MegaGames brand were released as a set of separate episodes, which were purchasable and playable separately or as a group.
2021 financial markets event. In January 2021, a short squeezeof the stockof the American video game retailer GameStopand other securitiestook place, causing major financial consequences for certain hedge fundsand large losses for short sellers. Approximately 140 percent of GameStop's public floathad been sold short, and the rush to buy shares ...
When a company is traded on an exchange, owners have a chance to profit as the company grows and investors bid up the price of shares.
The next year, Epic secured another $1 billion and shared it was then worth $28.7 billion. ... Epic Games laid off roughly 16% of its staff — more than 800 workers, ... known in the game as skins.
Epic Games's founder and CEO Tim Sweeney. Since 2015, Epic Games's founder and CEO Tim Sweeney had questioned the need for digital storefronts like Valve's Steam, Apple's App Store for iOS devices, and Google Play, to take a 30% revenue sharing cut, and argued that when accounting for current rates of content distribution and other factors needed, a revenue cut of 8% should be sufficient to ...
Tencent Holdings Ltd. ( Chinese: 腾讯; pinyin: Téngxùn) is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments.
id Software LLC. id Software LLC ( / ɪd /) is an American video game developer based in Richardson, Texas. It was founded on February 1, 1991, by four members of the computer company Softdisk: programmers John Carmack and John Romero, game designer Tom Hall, and artist Adrian Carmack .