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Investing.com -- Take-Two Interactive Software Inc. Chief Executive Officer Strauss Zelnick described the upcoming Grand Theft Auto VI release as both exciting and terrifying due to high expectations surrounding the game.
Roblox (NYSE: RBLX) is weathering a massive sentiment shift. On Friday, the stock plunged 18% after management slashed its full-year bookings guidance by nearly $1 billion. The culprit is friction from newly implemented child safety measures. These strict age verification protocols and communication restrictions have materially slowed new user acquisition. Shares are currently trading around $45, hovering near an 18 month low.
CEO Strauss Zelnick says blockbuster organic growth, led by ‘Grand Theft Auto VI,’ comes first, but future acquisitions, especially in mobile, are already on the horizon.
Take-Two Interactive Software’s CEO spoke at a high profile summit about the company’s approach to artificial intelligence in interactive entertainment. The remarks highlighted plans to use AI more deeply across game development and player experiences. This public focus on AI points to an area of attention for Take-Two Interactive Software, which trades on the NasdaqGS under the ticker NasdaqGS:TTWO. For investors watching NasdaqGS:TTWO, the timing of this AI focus comes as the stock trades...