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Activision Blizzard, Inc. (NASDAQ:ATVI),
Netflix Inc (NASDAQ:NFLX) and
Snap Inc (NYSE:SNAP) are trading higher Thursday amid a rebound in the broader tech sector. The sector has been volatile amid concerns over inflation and yields, which have weighed on growth names, as well as a rotation out of COVID plays.
Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of the largest PC video game publishers. The combined firm remains one of the world s largest video game publishers.
Netflix s primary business is a streaming video on-demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, Internet-connected TVs and consumer electronic devices.
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ResearchAndMarkets.com s offering.
Major players in the browser games market are King Digital Entertainment, NCSOFT, GungHo Online, Zynga, Tencent, Microsoft, Activision Blizzard Inc., Sega, Sony Corporation and Peak Games.
The global browser games market is expected to grow from $23.81 billion in 2020 to $24.99 billion in 2021 at a compound annual growth rate (CAGR) of 5%.
The market is expected to reach $34.47 billion in 2025 at a CAGR of 8%.
Rapid increase in the number of active gamers across the world is driving the browser games market. According to data from League of Betting, the number of online gamers is expected to reach 1 billion by 2024 from 877 million in 2020. According to the state of online gaming report in 2019, gamers play for an average of seven hours seven minutes per week, a 19.3% increase in 2018. Younger players, however, spend much more time in playing, with those aged 26-35 play 8 hours 12 minutes per week.
Call of Duty: Warzone Cheaters in Hacking Claims After Half a Million Are Banned
On 5/17/21 at 6:17 AM EDT
Call of Duty: Warzone (CoD: Warzone) developer Raven Software said it has banned half a million accounts, but many gamers have claimed they were unjustly removed after being hacked.
The developer said it had removed 500,000 accounts overall for cheating since the game launched in March 2020.
Raven Software also announced last week that it had removed tens of thousands of accounts from the game.
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In a Twitter post uploaded on Friday, a Raven Software spokesperson said: Banned over 30,000 malicious accounts across Call of Duty yesterday.bringing us to over half a million accounts banned in #Warzone.
Inflation concerns are on the rise among investors after recent economic reports.
Despite investors worries, Goldman Sachs equity analysts maintain a positive outlook on stocks.
Here are 23 stocks with strong pricing power that can act as a hedge against inflation, according to the analysts.
The dominant theme across the markets right now is inflation.
Last week s data on consumer and wholesale inflation showed a dramatic increase in price pressures in April that exceeded most economists expectations and ignited concern among investors that the current low-rate environment might soon be coming to an end.
As a result, the major indexes spent most of the week in the red, and the S&P 500 hit five-week lows.