Episode 72: The Last Temptation of “DeepF-ingValue” (News Show)
Release Date: 02/20/2021
Virtual Economy
Ryan Cohen was only offered store credit as trade-in value for his time as GameStop CEO, so he’s trying to buy eBay in one of the most foolish business moves we’ve ever seen. Also: Circana Report on U.S. Video Game Spending for March 2026, Microsoft, EA, Remedy, Earnings, the latest labor happenings, and Pearl Abyss dumps CCP for half of what it paid for it. Half Cash, Half Stock. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:41] - Circana Report on U.S. Video Game Spending for March [00:15:42] - Microsoft Q3 FY26 Earnings,, and ...
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With Epic laying off 1,000 people, the game industry job market has gone from “extremely chilly” to “nearing absolute zero.” Also: a recap of GDC’s challenged year, Circana Report on U.S spending for February 2026, some interesting new investments, NetEase divestments, and a heckin’ FAFO. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:00:50] - GDC 2026 Recap [00:25:51] - Circana Report on US Video Game Spending for February 2026 [00:35:02] - Nintendo Sues US Government Over Tariffs [00:36:55] - Pokemon Company v. US Government [00:38:24]...
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This was supposed to be a show just about earnings. All we wanted to do was cover the earnings… but Sony closed Bluepoint, Nintendo is releasing $20 Pokemon ROMs, and Microsoft appears to have ousted Phil Spencer and Sarah Bond. Every first party is stepping on rakes. Get your coffee… this is gonna be a thing. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:01] - Circana Report on US Video Game Spending for January 2026 [00:06:51] - Microsoft Earnings Report for Q2 FY2026 [00:16:39] - Sony Earnings Report for Q3 FY2026 [00:25:46] -...
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Ubisoft employees are prepared to strike over a recent return-to-office mandate and extreme cost-cutting. Also: Circana Report on U.S. Video Game Spending for December 2025 and full year 2025, That’s No Moon at odds with former founder, Amazon Games suffers another blow, and Ashes of Creation dev Intrepid implodes. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:04] - Circana Report on U.S. Video Game Spending for December 2025 and Full-Year 2025 [00:12:00] - That’s No Moon Co-Founder Causes $1M Problem [00:21:09] - Valve Faces Down Another...
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2026 is putting us through our paces right out of the gate. We’re hanging onto hope, but layoffs, consolidation, and private equity loom over us like a shadow. On this episode: an update on Paramount’s desperate fight for Warner Bros. Discovery, Saudi Arabia moves video game holdings, and VR’s challenges get much larger. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:02:35] - A conversation about hardware prices [00:10:16] - Paramount sues Warner Bros for Netflix deal details [00:15:39] - Investment Interlude [00:24:13] - Quick Hits [00:28:07]...
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2025 has continued the trend of layoffs, consolidation, and privatization. The gulf between AAA and everyone else is widening, as the AI bubble strains before an inevitable burst. With November’s Circana report coming in bleak after months of stronger performance, 2026 will continue to challenge us all. BUT... there is reason to hope. Unions are growing in number and reach and studios doomed by AAA mega-corps are finding a way to survive. We need to stick together to not only survive, but thrive. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS ...
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Warner Bros. is selling itself like a $1.50 hot dog at Costco, and everyone wants a bite. Before the weekend, Netflix looked like it had a clear path to regulatory review. But now, New Paramount is taking a swing with a hostile takeover. Things are about to get ugly. Regardless of who wins, though, we lose. Consolidation continues and consumers pay the price. Also: Nintendo, Square Enix, Take-Two, Embracer Group, and Sony earnings; Circana’s report on U.S. video game spending for October 2025; and another grim labor report. You can support Virtual Economy’s growth via our and also...
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We’re joined by two special guests on this milestone episode. Please welcome Andy Pan (the only person who has previously co-hosted a show with us) and Greg Alderton, Virtual Economy’s lead moderator! With 14,000 people laid off, studios shuttered, and projects abandoned, Amazon seems ready to give up on most or all of its gaming dreams. Also: EA earnings ride off into the sunset, Capcom posts a strong quarter, Remedy’s in trouble, and Microsoft is inscrutable. Also: Sony responds to Tencent’s request to dismiss the Light of Moritram lawsuit, Circana report on U.S. video game spending...
info_outlineVirtual Economy
We’re joined by two special guests on this milestone episode. Please welcome Andy Pan (the only person who has previously co-hosted a show with us) and Greg Alderton, Virtual Economy’s lead moderator! With 14,000 people laid off, studios shuttered, and projects abandoned, Amazon seems ready to give up on most or all of its gaming dreams. Also: EA earnings ride off into the sunset, Capcom posts a strong quarter, Remedy’s in trouble, and Microsoft is inscrutable. Also: Sony responds to Tencent’s request to dismiss the Light of Moritram lawsuit, Circana report on U.S. video game spending...
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With prices skyrocketing this generation, Microsoft has increased costs on Game Pass’ top tier while cutting offerings on others. We discuss the broader implications as price-sensitive players get boxed out. Also: Unity security alert sends devs scrambling, Tencent fires back at Sony’s Horizon: Zero Dawn lawsuit, and private equity rears its head once more. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:40] - Game Pass Price Hike Hits Hard [00:29:53] - Unity Security Flaw Alert [00:32:53] - Tencent Hits back at Sony’s Horizon: Zero Dawn...
info_outlineKeith Gill, better known as WallStreetBets’ “DeepF*ingValue” and “RoaringKitty”, testified before congress and has been sued by angry GameStonk investors. We also discuss Phil Harrison’s failed leadership and purposely misleading Stadia developers, Microsoft’s enhanced accessibility offerings, Starbreeze’s turnaround, and Apple trying to rope Valve into its defense.
TIME STAMPS
- [00:00:35] - PS5 DualSense Class Action Suit
- [00:02:35] - GDC is going completely online in 2021
- [00:08:15] - Keith “DeepF*ingValue” Gill sued for his role in the GameStonk event
- [00:30:32] - Microsoft stories (Accessibility, Cloud Gaming, and FPS Boost)
- [00:34:28] - Starbreeze completes its financial and organizational reconstruction
- [00:43:22] - Quick Hits
- [01:07:22] - Bungie expands and announces work on a new IP
- [01:13:15] - Update on Epic lawsuit and news about Fortnite’s Short Nite film event
- [01:17:50] - Remedy’s very good earnings report
- [01:19:36] - Nintendo Direct takeaways
- [01:29:56] - Phil Harrison gaslit Stadia developers
SOURCES
- Law firm files PS5 DualSense drift class action against Sony (Eurogamer): https://www.eurogamer.net/articles/2021-02-13-law-firm-files-ps5-dualsense-drift-class-action-against-sony
- A New Approach To 2021 With A Family Of GDC Events And More!: https://gdconf.com/news/new-approach-2021-family-gdc-events-and-more
- ‘Roaring Kitty’ Reddit investor sued over role in GameStop stock surge (Polygon): https://www.polygon.com/2021/2/17/22287804/gamestop-stock-price-lawsuit-roaring-kitty-reddit-robinhood
- Making Backward Compatible Games Even Better with FPS Boost: https://news.xbox.com/en-us/2021/02/17/making-backward-compatible-games-even-better-with-fps-boost/
- Microsoft starts testing Xbox cloud gaming on the web (Engadget): https://www.engadget.com/microsoft-cloud-gaming-test-on-web-154258542.html
- Microsoft will test Xbox and PC games to help make them more accessible: https://news.xbox.com/en-us/2021/02/16/xbox-accessibility-guidelines-and-testing/
- STARBREEZE AB (PUBL) INTERIM REPORT Q4 2020: https://www.starbreeze.com/2021/02/starbreeze-ab-publ-interim-report-q4-2020/ | https://www.starbreeze.com/sbz-media/2021/02/Starbreeze-Interim-Report-Q4-2020.pdf
- IGDA Foundation Diverse Game Developers Fund Applications: https://igdafoundation.org/diverse-game-developers-fund/
- Bungie Prepares for Future Growth in 2021 with Studio Expansion, Key Talent Investments, and New Board Members: https://www.businesswire.com/news/home/20210218005230/en/Bungie-Prepares-for-Future-Growth-in-2021-with-Studio-Expansion-Key-Talent-Investments-and-New-Board-Members
- Epic Game Files EU Antitrust Complaint Against Apple: https://www.epicgames.com/site/en-US/news/epic-games-files-eu-antitrust-complaint-against-apple
- Apple subpoenas Valve as part of its legal battle with Epic: Valve fights back (PC Gamer): https://www.pcgamer.com/apple-subpoenas-valve-as-part-of-its-legal-battle-with-epic-valve-fights-back/
- Big Tech’s Unlikely Next Battleground: North Dakota (New York Times): https://www.nytimes.com/2021/02/14/technology/north-dakota-tech-apps.html
- Fortnite Debuts “Short Nite” Film Festival in Party Royale: https://www.epicgames.com/site/en-US/news/fortnite-debuts-short-nite-film-festival-in-party-royale
- Remedy Full Year 2020 Financial Statements: https://investors.remedygames.com/app/uploads/2021/02/financial-statements-release-1.1.31.12.2020.pdf
- Stadia Leadership Praised Development Studios For 'Great Progress' Just One Week Before Laying Them All Off (Kotaku): https://kotaku.com/stadia-leadership-praised-development-studios-for-great-1846281384