Unity shares fell almost 8% amid reports of cuts

As you remember, it became known the other day that Unity also had to tighten its belt and fire developers. After this news, the company’s shares fell in price as expected.

We are talking about a decrease of 7.8% after the opening of trading on June 30 — $39.5 to $ 36.4. Now the shares have slightly “bounced back” – up to $36.8 apiece, but the general trend is down.

However, this trend has been with the company since November last year. Then at the peak, one security was worth $201.

Against the background of the unfavorable situation in the company, including due to its dependence on advertising revenue, as well as increasing competition from Unreal Engine, it is unclear whether Unity’s state of affairs on the stock exchange should be expected to improve.