If you’re working to get your startup on the ground, a tweet from Elon Musk could mean big business. Heck, no matter where you are in your company’s lifeline, a tweet from Elon Musk promoting your business can fundamentally change your outlook. As Polish game developer Marcin Iwinski learned, one of the founders of the game studio CD Prozac. A tweet from Elon Musk gave a strong reception to his company’s shares once again coming back to the billionaire club. His “Cyberpunk 2077” game also helped with popularity and improvement. But Elon Musk is a market maker and proposer and shaker and his role in Iwinski’s success this week cannot be understated.
In the last few months, CD Projek’s stock has risen and decreased quite rapidly. Ivinsky holds a 13% stake in his company. He first became a billionaire just before the December 10 release of “Cyberpunk 2077”, but shares declined when game players complained about in-game bugs and an inability to play it on older game consoles like the PS4. The company has continuously worked to improve the game and earlier this week, Iwinski rejoined the billionaire club when CD Projek’s stock rose 40% from its lowest point on 8 January.Th.
Elon Musk took a break from his regular Twitter endorsement of Bitcoin and Etsy and tweeted in support of amateur investors buying GameStop stock. On Thursday 28 JanuaryTh, Musk tweeted: “Cyberpunk’s esthetics are incredible btw.” He tweeted another, which read, “With cyberpunk, even GPUs have verbatim GPUs, but … great games.” CD Project’s stock climbed 17% after Musk’s tweet. The next day they fell 16%, but still high enough to form a $ 1 billion stake in Iwinski’s company.
Ivinsky and his co-founder Michal Kikinski met in high school and founded CD Project in May 1994 with $ 2,000. First, the company distributed foreign video games in Poland. He went on to translate major video-game releases in Polish in 2007 before starting the successful “Witcher” series of games based on books of the same name by Andrzej Sapkowski. In 2011, “The Witcher 2: Assassins of Kings” was released. , And “The Witcher 3: Wild Hunt” was released in 2015. The third edition of the game won several Game of the Year awards and sold over 28 million copies. “The Witcher” series of games have sold over 50 million copies. The company’s latest release, “Cyberpunk 2077”, is a role-playing game based on the tabletop game “Cyberpunk 2017”.
In 2020, Iwinski and Kicinski looked at their net worth and fell according to how the market felt about their upcoming game as well as the longevity of the final release game, “Witcher 3”, which debuted in 2015 Was. From 2020 to early December 4, 2020, the excitement surrounding “Cyberpunk 2077”, including Keanu Reeves, boosted CD Projek’s stock by more than 50%. This made the two founders of the company become billionaires. Then, on 5 December, the share price began to decline before the release of the new game. Between 5Th And 11Th, Shares fell 28% and a combined $ 700 million was erased from the fortunes of both founders.
When “Cyberpunk 2077” was released on 10 December, it received a lot of attention for all the wrong reasons. Video clips of many of the game’s bugs and glitches began to be posted on social media. The company worked quickly and uploaded fixes.
Iwinski, Kicinski, and CD Projekt are not out of the woods yet. Shareholders of CD Project filed a class-action lawsuit accusing senior management of making inaccurate statements and described how “Cyberpunk 2077” was virtually unused due to all the bugs on the current-generation Playstation and Xbox game consoles. Investors of CD Projekat also filed a civil class-action lawsuit in California on 15 January.