4.7 Dollar Net-loss over a One-Month Span
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Epic games, a company mostly known by the youth for its popular game, Fortnite, has recently released a statement declaring bankruptcy.
"'Hard times came, and we were not properly prepared," Sweeney tweeted Tuesday morning. "Last assignment a total bust. We should not have rushed our new launcher so early."
Sweeney was planning the launch of several new projects to been seen in the near future. Whether or not those projects will see the light of day is still to be determined.
Though the company seemed to be going through a time of economic prosperity, in reality the company was loosing large amounts money and a rate much to fast to keep up with. There is no singular project that led to the downfall of many epic games, but many of our news specialist predict it has to do the new launcher recently released by Epic Games. Fortnite is currently available on every platform (including IOS and Android), and the addition of a new launcher would only spread their reach farther. As they would be expanding and making deals with numerous other game curators including; Unknown Worlds Entertainment and Team Meat.
This sudden rush was too much for Epic to handle, as a small reduction in their number of players launched them into a steep debt, losing over 4.7 billion dollars in just under a month.
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