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I saw this flash across my notifications today
And I thought to myself how much is this company spending to make GTA 6?
Diluting shareholders to raise $1B in capital is kind of nuts. Especially this late in development when the game is due out in about 12 months.
Then looking at their balance sheet
This company is flirting with bankruptcy now. GTA 6 has to be a massive success if Take Two ever wants to get ahold of their debt problem.
(Disclaimer I own shares of Take Two)
If the money is locked up in stocks buy fbtc or Mstr. If it’s not, buy Bitcoin.
The gaming industry needs a big reset
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I don't owe Take Two, but the chart looks good! Hopefully I will have some freetime on the next weekend to study...it's possible I will be a TakeTwo hodler also :)
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GTA 6 has to be historic just to keep them afloat. High risk one shot,
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