GTA6 Leak Sends Take-Two Shares Down $15.29, Wiping Out Over $2.8 Billion in Market Value
Take-Two Interactive's stock fell $15.29 to $233 after a leak of GTA6 content, wiping out over $2.8 billion in market value in less than two days. The company's market cap, exceeding $43 billion, lost approximately $2.83 billion. Leaked material revealed previously undisclosed features and gameplay. Take-Two has not yet issued an official statement.
Following the leak of Grand Theft Auto VI (GTA6), shares of game developer Take-Two Interactive experienced a notable decline. On August 18, before the leak, Take-Two's share price stood at $248.13; after the leak, the stock fell to $233, a drop of $15.29 per share. The company's total market capitalization decreased by more than $2.8 billion in less than two days.
Take-Two's total market value exceeds $43 billion, and this incident erased approximately $2.83 billion in market capitalization. Leaked content has proliferated online, with some previously undisclosed new features and gameplay being publicly displayed. As of now, Take-Two has not issued an official statement regarding the leak.