https://www.tradingview.com/symbols/NASDAQ-RIOT/
This is the current condition of if league is dying or not.
Hold on wait if there is a actual link link me it to correct it. Neutral post btw. Review it and tell me what you think.
Edit: look at DuskDaUmbreon's Post he's got the answer there props looking it up.
Daddy Ants3 votesHahahaha thats not Riot Games
** Sector: Financials Industry: Financial & Commodity Market Operators Employees: 6** Riot Blockchain Inc., formerly Bioptix, Inc., is focused on gaining exposure to the blockchain ecosystem through its cryptocurrency mining operations, internally developed businesses, joint ventures, and targeted investments in the sector. The Company
You really should stop typing Riot into stock sites and picking the first thing you see :)
xDogMeatx2 votesI'm sorry I just caught that. If there is a link to correct it though I'll be happy to change the link.
DeathBurst2 votesRiot is not a publicly traded company. There is no Riot stocks.
(And stocks definitely can lie, but that doesn't even matter here. Riot stocks don't exist...)
xDogMeatx1 votesI thought that stocks in corporations exist in some degree though 0_o
Eedat1 votesNo. Privately owned businesses do not have stocks or stock holders. However, Riot is owned solely by Tencent which is a publically traded corporation. Tencent is an investment firm though so their stocks reflect a wide variety of things
DuskDaUmbreon2 votesThe SEC has precisely one filing for Riot Games, Inc., a Form D from 2009, which is a Notice of Exempt Offering of Securities. I'm not an expert on this form (I deal with the more normal forms for publicly-traded non-investment companies), but I believe this means they can't be publicly traded in any way, shape, or form. At least not to a degree that you could look at stocks.
And they're fully owned by Tencent. Tencent can just set the price because they have absolutely all the stock in Riot.
Because of this, you can't really look at their stocks as an indicator, because their stocks won't really change.
xDogMeatx2 votesThx for this information
DuskDaUmbreon1 votesyw. I appreciate any opportunity to use my knowledge from work on winning internet arguments. :P
SEKAI1 votesClick on the "All" view at the bottom of the graph.
It's just a tiny fluctuation that may or may not matter in a short period but across a long period and grand scheme of things it doesn't seem to matter at all.
Not to mention, if you look at "5Y" (5 year) you can see it's just returning to the same level as Season 6 and Season 7 after the Season 8 which had a massive upward spike for 1 reason or the other (since everyone had been bitching about the game hardcore since Season 8 but I guess that's also when Riot's stocks worthed the most in the last 5 years). So the level we're seeing now seems to be pretty normal for Riot.
xDogMeatx1 votesIs this the correct link to them or "meh close enough"?
KFCeytron1 votesStocks certainly can lie. They're just a measure of investor confidence. For example, Tesla and Uber each have tremendous valuations, but they also each lose over half a billion dollars a quarter. If they weren't getting constant infusions of cash from VCs and stock sales, they would go under immediately. Riot, on the other hand, makes... what, over a billion dollars a year? "Dying" is a pretty nebulous term at best, anyway. Riot's sales are down, yes, but that's relative to their previous sales, which have been very high. I'd find it reasonable to claim that they've peaked, but I don't think they're even close to dying.
preternatural1 votesstocks were highest in 2007 good graph.
