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Thursday, Aug 29
Shanda Games gets walloped as market takes in Q2 results, guidance
- Shanda Games (GAME -10.1%) gets walloped as the market takes in the company's Q2 results and guidance.
- The most vocal worry? its new G-Home platform will be marginalized by the app stores of larger players like Baidu, Tencent, and Qihoo.
- The reversal from up 6.6% AH yesterday to down 10.6% today is not uncommon for GAME, which has seen its fair share of volatility in the past year.