Microsoft's Progressive Stance Paves Way for Unionized Gaming Workforce
Portfolio Pulse from Lekha Gupta
Microsoft's shares are trading lower as Activision Blizzard's World of Warcraft employees vote to unionize, adding around 500 workers to organized labor at Microsoft. This move, supported by Microsoft's neutral stance on unionization, increases the number of unionized U.S. gaming employees at Microsoft to about 1,750. The union aims to address issues such as pay, remote work, and workplace diversity and equity. Additionally, Activision Blizzard was ordered to pay $23.4 million in a patent infringement case.
July 25, 2024 | 2:58 pm
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NEGATIVE IMPACT
Microsoft shares are trading lower as Activision Blizzard's World of Warcraft employees vote to unionize, adding around 500 workers to organized labor at Microsoft. This move increases the number of unionized U.S. gaming employees at Microsoft to about 1,750.
The unionization of 500 World of Warcraft employees at Activision Blizzard, now under Microsoft, adds to the growing number of unionized workers at the company. This could lead to increased labor costs and potential disruptions, negatively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ETF Opportunities Trust T-Rex 2X Long Microsoft Daily Target ETF (MSFX) may see a short-term decline as Microsoft shares are trading lower due to the unionization of Activision Blizzard's World of Warcraft employees.
As MSFX is an ETF that targets Microsoft, any negative impact on Microsoft's stock price, such as the recent unionization news, is likely to affect MSFX negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
SPDR Select Sector Fund – Technology (XLK) may experience a minor decline as Microsoft shares are trading lower due to the unionization of Activision Blizzard's World of Warcraft employees.
XLK, which includes Microsoft as a significant holding, may see a minor decline due to the negative impact on Microsoft's stock price from the unionization news.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30