It’s a point of view – and clearly not the popular one currently. Put another way: “Great bull markets typically turn down when the market conditions are very favourable, just subtly less favourable than they were yesterday.” “Market participants will breathe a sigh of relief, look around, and immediately realise that the economy is still in poor shape, stimulus will shortly be cut back with the end of the Covid crisis, and values are absurd,” he says. But his broad thesis should still be noted: it is that, counterintuitively, the broad rollout of vaccines may be the moment that investors are forced to rethink. To be clear, Grantham’s eyes are mainly on US markets, and many of his examples of excess relate to US tech valuations, especially Tesla, and the boom in listings on Wall Street last year of “blank cheque” special acquisition companies. So what’s Grantham’s complaint? The co-founder of the Boston-based investment manager GMO has a few: “Extreme overvaluation, explosive price increases, frenzied issuance, and hysterically speculative investor behaviour.” He likens the mood to the South Sea bubble, the Wall Street crash of 1929 and the turn-of-the-millennium dotcom mania. The FTSE 100 has gained an astonishing 20% since early November, just before Pfizer and BioNTech’s big vaccine announcement. The UK’s blue-chip UK index rose 3.5%, or 230 points, on Wednesday as its previously unloved collection of banks and oil companies came into focus.īanks love the whiff of higher long-term interest rates and life for the oil majors is easier with a barrel of Brent fetching more than $50. Epic’s main rival in the game engine space, Unity Technologies, currently valued at $35bn.Even the FTSE 100, the ugly duckling of international stock market indices during the pandemic and Brexit, joined the party. Epic is well-positioned to tap that market through its partnership with Tencent Holdings.Īs of April 2021, Epic Games was valued at $28 billion. Games are now the world’s most popular entertainment product. Players who want more weapons and paraphernalia buy that stuff from Epic. They also make money by letting people play its MMOGs for free. They charge a commission on the outside titles it sells and makes more money from its titles. Should you invest in Epic Games?Įpic makes money by selling a wide variety of games through its website. If Epic Games were to announce that it would go public, it could likely trade under the stock symbol “EPCG” or “EGME”. If the company continues spending aggressively to reach its goal of creating the metaverse, its likely Epic Games will have to tap public markets in the years to come. Tencent, the world’s largest video game company, owns around 40% of Epic Games. The founder and CEO of the company, Tim Sweeney, owns more than 50% of Epic Games. If you are looking for another video games stock available to invest in, check out Unity, Electronic Arts or Activision Blizzard stock. Tencent Holdings is a multinational Chinese conglomerate that observers consider the world’s largest video game company. Investors can buy into Epic Games by buying Tencent Holdings stock. You will need to invest in the companies that own Epic Games stock. This means as an independent retail investor you will not be able to buy stock in Epic Games through a stock exchange or brokerage account. Is Epic Games publicly traded stock?Įpic Games currently has no defined stock price because it is not publicly listed on any stock exchange. Fortnite had 400 million players in 2022, a ten-fold increase from 30 million in December 2017. Many gamers and investors want to own a piece of Epic Games because the company makes and markets Hitman, and Fortnite, one of the world’s most popular and fastest-growing lnmassive multiplayer online games (MMOGs). Epic also develops Unreal Engine, which powers the world’s leading games and is also adopted across industries such as film and television, architecture, automotive, manufacturing, and simulation. Epic is a leading interactive entertainment company and provider of 3D engine technology.
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