Latest in Gaming

Image credit:

Investors sue game operator for stopping gold-farming

Tateru Nino
December 6, 2007
Share
Tweet
Share

Sponsored Links

No, I'm not making this up. In October Giant Interactive Group Inc took action against gold farmers in their MMO, Zheng Tu Online (reportedly the most popular online game in China in 2006, with 1.3 million active subscribers). Giant changed the game-mechanics to prejudice against gold farmers, just one month before their IPO in November.

Well, after kicking out all those gold farmers who were paying subscribers, concurrency figures fell, as did total registrations - and the investors are apparently cross with Giant for both not disclosing their action against the gold farmers, and using the registration figures for September (before the rules-change was made) in their IPO registration statement, instead of the October figures.

So, two parts here. Firstly, that the investors feel that Giant has misrepresented registration figures by selecting a more favorable month, prior to their rule-changes.

Secondly, it's obvious that the investors in November's IPO don't give a damn about gold farmers. Gold farmers, to them, represent activity and profits - and that's what investors really want, isn't it? In the end, it's not the company officers who drive the direction of a business. It's the investors and the board.

[via Virtually Blind]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

Elon Musk warns that Tesla's 'Battery Day' tech is two years away

Elon Musk warns that Tesla's 'Battery Day' tech is two years away

View
Microsoft’s Bethesda deal: Great for Game Pass, troubling for exclusives

Microsoft’s Bethesda deal: Great for Game Pass, troubling for exclusives

View
Microsoft keeps the same price for its new wireless Xbox controllers

Microsoft keeps the same price for its new wireless Xbox controllers

View
NASA's Mars 2020 rover passes its driving test

NASA's Mars 2020 rover passes its driving test

View
Logitech’s new MX Anywhere 3 mouse has buttons to control Zoom calls

Logitech’s new MX Anywhere 3 mouse has buttons to control Zoom calls

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr