Well it seems that an insider trading “scandal” might have finally hit our very own video game industry, coming from none other than the one and only Microsoft.
According to a Market Watch story the president of Microsoft’s Entertainment & Devices Division, of which the Xbox is the main component, Robbie Bach reportedly sold off around 6.2 million dollars worth of stock mere weeks before Microsoft’s announcement of the company taking a 1.5 billion dollar hit to provide users of their Xbox 360 consoles with 3 year warranties and repairs following the high malfunction rate of units throughout the United States.
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Original post by Alex Nash and software by Elliott Back
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