Unity Issues Apology, Promises Revisions To Runtime Fee Policy: 'We Have Heard You'
Portfolio Pulse from Franca Quarneti
Unity Software Inc (NYSE:U) has issued an apology for the confusion and dissatisfaction caused by its recently announced runtime fee policy. The company faced criticism and a significant drop in its stock price after announcing the controversial fee structure. The policy, which charges developers based on the number of installations for games made with Unity once they surpass a certain threshold, is scheduled to go into effect on Jan. 1, 2024. Unity has promised to make changes to this policy but has not provided specific details.
September 18, 2023 | 7:13 pm
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Unity Software's stock price dropped significantly after the announcement of a controversial runtime fee policy. The company has apologized and promised to revise the policy, but the details are not yet known.
The announcement of Unity's controversial runtime fee policy led to a significant drop in its stock price. The company's apology and promise to revise the policy may help to restore investor confidence, but the lack of specific details about the changes could continue to create uncertainty. This could potentially keep the stock price low in the short term.
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