Insider Trading Allegations Bring More Bad News For Funcom And The Secret World

Funcom, developer of modern-day MMO The Secret World, is just not having a good year. While the game itself is quite interesting, it hasn’t held the attention of players or subscribers, and poor sales led to massive layoffs, including the lead designer. Promised content updates have been repeatedly missing promised launch dates. https://kotaku.com/the-secret-world-the-kotaku-review-5930694 Making it all worse, the former CEO, who stepped down from the role the day before The Secret World‘s official launch, is now under investigation for insider trading.cnx.cmd.push(function(){cnx({"playerId":"e3616d04-4972-4839-a63a-c6975e2e9731","settings":{"advertising":{"macros":{"AD_UNIT":"/23178111854/od.kotaku.com/article","CHILD_UNIT":"article","POST_ID":"5943281","POST_TYPE":"post","CHANNEL":"uncategorized","SECTION":"","SUBSECTION":"","CATEGORIES":"uncategorized","TAGS":"","NOP":"0"},"timeBeforeFirstAd":0}}}).render("cnx-player-main")}); As The Escapist reports, when Trond Aas changed position on July 2 from CEO to “strategic advisor” and chief strategy officer, he became eligible to sell his Funcom shares. He immediately tried to offload 1.5 u31.com เข้าสู่ระบบ million of them, though he only succeeded in selling 650,000. On July 2, when Aas changed u31 ทางเข้า roles, Funcom stock was still worth $17.60 a share; yesterday, it reached a high of $2.17. The u31 เข้าสู่ระบบ falloff has been dramatic. Norwegian authorities are now investigating the claims against Aas. Perhaps insiders at Funcom knew that their MMORPG was likely to underperform, or perhaps it’s a horribly unfortunate coincidence of timing. Either way, the allegations don’t do The Secret World or Funcom any favors. Former Funcom CEO Faces Insider Trading Allegations [The Escapist]