Game development engine Unity has U-turned on some parts of its hugely controversial plan to enforce fees on game creat…

Game development engine Unity has U-turned on some parts of its hugely controversial plan to enforce fees on game creat…

  • @gravitas_deficiencyEnglish
    27•10 months ago

    The controlling shares of Unity are held by a trifecta of private equity and venture capital organizations. That’s why this is happening. It’s a classical presentation of the (short-term) profit über alles enshitification cycle.

        • stopthatgirl7OP
          15•10 months ago

          The insider transaction history for Unity Software Inc shows a clear trend: over the past year, there have been 49 insider sells and no insider buys. This could be a red flag for potential investors, as it suggests that those with the most intimate knowledge of the company’s operations and prospects are choosing to sell their shares

          • @eestileibEnglish
            1•10 months ago

            Ehh, the top folks at Google were all selling their maximum-permitted amount every window they got for a decade and the stock held up.

            You typically don’t need to buy shares as an insider, the company just prints more gambling slips – er, I’m sorry, non-transferrable stock options – and hands them out.

          • @sugar_in_your_teaEnglish
            0•10 months ago

            Or it just means they see it as compensation and are selling for taxes and expenses, not because they are worried about the long term direction of the company.

              • @sugar_in_your_teaEnglish
                1•10 months ago

                Yes, but it doesn’t rise to the level of “insider trading,” which means using internal-only information to make trading decisions. If they sell these stocks regularly, on a schedule, in the same quantity, it’s not insider trading.

                And that’s exactly what they’re doing, you can see their trades, and they’re consistent for about the same amount. So they’re not trading because of changes going on internally, they’re trading based on a schedule, probably because they need cash flow for some reason. My guess is taxes for their stock compensation.