Close Menu
CrafficCraffic
  • Home
  • News
    • Internet
    • Gaming
  • Tech
    • Hardware
    • Gaming Tech
    • Mobile Phones
    • Software
  • Science
    • Astronomy
    • Discoveries
    • Psychology
  • Entertainment
    • Anime
    • Reviews
    • Spotlight
    • WWE
Facebook X (Twitter) Instagram
CrafficCraffic
  • Home
  • News
    • Internet
    • Gaming
  • Tech
    • Hardware
    • Gaming Tech
    • Mobile Phones
    • Software
  • Science
    • Astronomy
    • Discoveries
    • Psychology
  • Entertainment
    • Anime
    • Reviews
    • Spotlight
    • WWE
Facebook X (Twitter) Instagram
CrafficCraffic
Home » Cyberpunk 2077 Bugs Cost More Than $1 Billion To CD Projekt Red
Gaming

Cyberpunk 2077 Bugs Cost More Than $1 Billion To CD Projekt Red

Navneet RanaBy Navneet RanaDecember 17, 2020Updated:December 17, 20204 Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Cyberpunk 2077 Bugs Cost More Than $1 Billion To CD Projekt Red
Share
Facebook Twitter LinkedIn Pinterest Email

On PS4 and Xbox One consoles, Cyberpunk 2077 had a turbulent launch with complaints of hard crashes, glitches and poor performance plaguing the release of the title, resulting in developer CD Projekt Red releasing an apology and also issuing players refunds.

The developer accepted at a conference that the launch of Cyberpunk 2077 triggered “the loss of gamers’ trust and the reputation” but these concerns have had a monetary impact on the parent company of the developer, CD Projekt, according to a new report.

According to a research by Bloomberg, the founders of CD Projekt have seen their combined wealth slashed by more than $1 billion, with business shares plunging by a third over the past six days (Cyberpunk 2077 released on November 10). Bloomberg estimates that the valuation of the 34 per cent stake that the original four founders possessed is jointly down to $3 billion. CEOs Adam Kiciński and Marcin Iwiński, CFO Piotr Nielubowicz, and former CEO Michał Kiciński are currently the founders of CD Projekt.

Cyberpunk 2077 Bugs Cost More Than $1 Billion To CD Projekt Red

The share price of CD Projekt has been dropping since December 4, when the game approached release, as reported by GamesIndustry.biz, with the share price dropping 29 per cent from PLN 443 per share to PLN 310.6. This price dropped a further 21 per cent from PLN 395.8 to PNL 296 after the release of the game.

Although this is a major decline for the sector and is directly due to the news of widespread glitches on previous-gen consoles, since the apologies and refund bid from CD Projekt, share prices have risen again by 5 per cent.

Cyberpunk 2077 Bugs Cost More Than $1 Billion To CD Projekt Red

Bloomberg analysts have estimated that the long-term impact of the release of Cyberpunk 2077 on the company would play into how rapidly CD Projekt Red solves these bugs.

During the conference call earlier this week, CD Projekt said it plans to “fix the game” while a timeline for when we will begin to see any significant changes remains vague.

“Unfortunately I cannot share the cost related to additional work, but the cost of patching the game is irrelevant compared to what we have already spent,” said CFO Piotr Nielubowicz. “So there’s no question – we definitely want to fix the game; we made a promise to gamers and we’ll be doing everything to stick with it.”

CD Projekt red Cyberpunk 2077
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleRaspberry Pi Rolls Out Support for Business Usage
Next Article NASA Strategizes on Space Nuclear Power and Propulsion
Navneet Rana
  • Instagram

ᕙ(⇀‸↼‶)ᕗ!

Related Posts

Gaming

God of War Ragnarok, Greatest of all time?

December 23, 2022
Gaming

How good will be Gran Turismo 7’s superhuman AI?

February 12, 2022
Entertainment

EXCLUSIVE! Dane DeHaan JOINS Christopher Nolan’s historical drama ‘Oppenheimer’

February 9, 2022
View 4 Comments

4 Comments

  1. Pingback: Cyberpunk 2077 developer to launch 'vigorous' defense against a class-action lawsuit - Craffic

  2. Pingback: 'Cyberpunk 2077' website promises free DLC in early 2021 - Craffic

  3. Pingback: First Big "Cyberpunk 2077" Patch 1.1 now available, and is packed with bug fixes - Craffic

  4. Pingback: CD Projekt RED to develop next Witcher and Cyberpunk Titles Together, and is reconsidering Cyberpunk 2077 multiplayer - Craffic

Leave A Reply Cancel Reply

At Craffic we ensure delivering quality content to our readers as they are giving us their precious time to engage with our content. And Craffic was a vision of a group of school friends and they've made it possible by learning the basics of strategies used in the media culture. ‎ ‎ ‎‎ ‎ ‎

Quick Access
  • About Us
  • Contact us
  • Terms of Use
  • Privacy Policy
Facebook X (Twitter) Instagram Pinterest
© 2025 Craffic. Designed by StackX Solutions.

Type above and press Enter to search. Press Esc to cancel.