Unity Jumps 4% After CEO Steps Down-To The Moon - Tiger Brokers Online Investing Community - To The Moon

4
1
Favorite

Unity Jumps 4% After CEO Steps Down

Tiger Newspress2023-10-10

Shares of game development software provider Unity rose more than 4% in morning trading after the company announced it is parting ways with its CEO, John Riccitiello. Investors welcomed the decision, hoping it could tame the backlash against Unity triggered by Riccitiello’s controversial pricing change unveiled in September.

Riccitiello Steps Down as CEO and Chairman

John Riccitiello, CEO of gaming software maker Unity, is stepping down from the company less than a month after his controversial pricing change that angered numerous developers. Unity’s shares popped 7.7% in the premarket on the news at the time of writing.

According to a Monday press release, Riccitiello will step down as both CEO and chairman of Unity and leave the company’s board. James Whitehurst, former CEO of the software company Red Hat, will become Unity’s interim CEO. Unity Board’s lead independent director, Roelof Botha, will be chairman.

The video game software development company said it will initiate a search for a permanent CEO. In the meantime, Riccitiello “will continue to advise Unity to ensure a smooth transition,” the company stated

Before today’s premarket rise, Unity’s shares closed down 1.5% on Monday at $29.70. The stock witnessed an impressive turnaround in 2023.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

4

Report

Comment（1）

yngwin111
·2023-10-10
Yes lousy ceo ! Step down n price up👍
Reply
1
Report

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1113983690?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-10-10 21:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1113983690","market":"us","top_or_hot":-1,"title":"Unity Jumps 4% After CEO Steps Down","media":"Tiger Newspress","content":"<html><head></head><body><p>Shares of game development software provider Unity rose more than 4% in morning trading after the company announced it is parting ways with its CEO, John Riccitiello. Investors welcomed the decision, hoping it could tame the backlash against Unity triggered by Riccitiello’s controversial pricing change unveiled in September. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b665f47ea3e065e8b2c0d56101fe250\" tg-width=\"840\" tg-height=\"627\"/></p><h3 id=\"id_454966765\" style=\"text-align: left;\">Riccitiello Steps Down as CEO and Chairman</h3><p style=\"text-align: left;\">John Riccitiello, CEO of gaming software maker Unity, is stepping down from the company less than a month after his controversial pricing change that angered numerous developers. Unity’s shares popped 7.7% in the premarket on the news at the time of writing.</p><p style=\"text-align: left;\">According to a Monday press release, Riccitiello will step down as both CEO and chairman of Unity and leave the company’s board. James Whitehurst, former CEO of the software company Red Hat, will become Unity’s interim CEO. Unity Board’s lead independent director, Roelof Botha, will be chairman. </p><p style=\"text-align: left;\">The video game software development company said it will initiate a search for a permanent CEO. In the meantime, Riccitiello “will continue to advise Unity to ensure a smooth transition,” the company stated</p><p style=\"text-align: left;\">Before today’s premarket rise, Unity’s shares closed down 1.5% on Monday at $29.70. The stock witnessed an impressive turnaround in 2023.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unity Jumps 4% After CEO Steps Down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnity Jumps 4% After CEO Steps Down\n</h2>\n\n<h4 class=\"meta\">\n\n2023-10-10 21:37 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of game development software provider Unity rose more than 4% in morning trading after the company announced it is parting ways with its CEO, John Riccitiello. Investors welcomed the decision, ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"U","symbol_name":"Unity Software Inc.","start_time":0,"source_url":"","article_id":"1113983690","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113983690","pubTimestamp":1696945036,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Shares of game development software provider Unity rose more than 4% in morning trading after the company announced it is parting ways with its CEO, John Riccitiello. Investors welcomed the decision, ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"U":"Unity Software Inc."},"translate_title":"首席执行官下台后，Unity股价上涨4%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"U":1.1},"content_text":"Shares of game development software provider Unity rose more than 4% in morning trading after the company announced it is parting ways with its CEO, John Riccitiello. Investors welcomed the decision, hoping it could tame the backlash against Unity triggered by Riccitiello’s controversial pricing change unveiled in September. Riccitiello Steps Down as CEO and ChairmanJohn Riccitiello, CEO of gaming software maker Unity, is stepping down from the company less than a month after his controversial pricing change that angered numerous developers. Unity’s shares popped 7.7% in the premarket on the news at the time of writing.According to a Monday press release, Riccitiello will step down as both CEO and chairman of Unity and leave the company’s board. James Whitehurst, former CEO of the software company Red Hat, will become Unity’s interim CEO. Unity Board’s lead independent director, Roelof Botha, will be chairman. The video game software development company said it will initiate a search for a permanent CEO. In the meantime, Riccitiello “will continue to advise Unity to ensure a smooth transition,” the company statedBefore today’s premarket rise, Unity’s shares closed down 1.5% on Monday at $29.70. The stock witnessed an impressive turnaround in 2023.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":228991119859968,"gmtCreate":1696945228413,"gmtModify":1696945232505,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"htmlText":"Yes lousy ceo ! Step down n price up👍","listText":"Yes lousy ceo ! Step down n price up👍","text":"Yes lousy ceo ! Step down n price up👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/228991119859968","repostId":1113983690,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":4,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}