Ubisoft Stock (OTC:UBSFY), Trade Ideas

UBISOFT ENT. ADR

Founded in 1986 in France by five brothers of the Guillemot family, Ubisoft is one of the largest independent video game publishers. Ubisoft employs a deep pool of developers at studios across the world. The firm owns a number of well-known franchises, including Assassin's Creed, Far Cry, Tom Clancy's Rainbow Six and Ghost Recon, Rayman, Trials, and Just Dance. Ubisoft has recently launched several new big-budget titles, including Skull and Bones, XDefiant, Avatar: Frontiers of Pandora, and a new Star Wars game is set to launch in fiscal 2025. The firm also holds the game streaming rights to Activision's existing catalog and any games it develops through 2038.

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Within the large cryptocurrency ecosystem, there are incredible projects, making great launches and completely innovative proposals that offer a solution to real problems or even offer improvements to existing processes, making them much more effective and efficient. Within these projects are proposals from different market sectors, each one offering incredible products and services. If you want to invest in these projects and wish to obtain exponential returns, here are three cryptos to buy that you can consider adding to your portfolio.</p>



<h2>Cryptos to Buy: PlayDapp (PLA-USD)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/more-mobile-gaming-300x169.jpg" alt="A person playing mobile games and PC games at the same time."><div>Source: Dean Drobot/Shutterstock.com</div></div>


<p>This cryptocurrency called <strong>PlayDapp</strong> (<a href="https://investorplace.com/cryptocurrency/PLA-usd/"><strong>PLA-USD</strong></a>) is a growing cryptocurrency that aims to connect Web 2.0 users to the emerging and decentralized world of the Web 3.0 through its service platform.</p>



<p>Part of their goals is also to make games that are based on cryptocurrencies fully accessible to everyone, thus offering solutions that can allow users the opportunity to enjoy games without the need to use cryptocurrencies.</p>



<p>An incredible and exciting development is the <a href="https://www.crypto-news-flash.com/playdapp-buys-proudnet-to-bring-reliable-secure-technology-to-us-game-market/">acquisition</a> of ProudNet, who is a prestigious server network provider which is used by more than 200 games around the world. Part of those famous games are &ldquo;Vindictus&rdquo; and &ldquo;Street Fighter 5&rdquo;.</p>



<p>One of the purposes of this acquisition is to enhance the technology available to improve the stability and reliability of the online games they provide, allowing them to offer a better and higher quality gaming experience to their customers.</p>



<p>But this is not their only strategic move, they have also made a <a href="https://medium.com/playdappgames/kb-kookmin-x-playdapp-efb7c0aef061">partnership</a> with KB Kookmin Card, which is a large and very important company that offers credit cards in South Korea.</p>



<p>Thanks to this recent partnership, PlayDapp will be able to reach more users through the popular KB Pay and Liiv Mate apps.</p>



<h2>HTX (HTX-USD)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/cryptos-1600-2-300x169.png" alt="Various cryptocurrency coins. Cryptos. Cryptocurrencies representing 3AC Crypto., ARBK Stock. cheap cryptos to buy on the rebound. Crypto trends"><div>Source: Wit Olszewski / Shutterstock</div></div>


<p>Next up is <strong>HTX</strong> (<a href="https://investorplace.com/cryptocurrency/HTX-usd/"><strong>HTX-USD</strong></a>), which has a DAO as well. This token is being fully promoted as a fundamental pillar which serves as an engine to drive the great advances of the decentralized economy, but with a great focus on inclusivity and innovation.</p>



<p>Investors who hold this token in their wallet not only have the ability to transact, but also have the great opportunity to actively participate in the governance of the ecosystem through voting.</p>



<p>A very important <a href="https://coinmarketcap.com/community/articles/65c799f9c1f395686feeab4b/">reduction</a> of the main token of Huobi, which has the name <strong>HT</strong> (<strong>HT-USD</strong>), is being carried out, which is commanded by Justin Sun. The goal of this reduction is to be able to transform HT into HTX, through a massive reduction of the total supply.</p>



<p>There is a big incentive, which is to reduce the fees on the exchange platform for all those investors who change their HT to HTX, which has generated great expectations among users.</p>



<p>This token burning can have a direct and very important impact on the price of both tokens, which is completely appealing to speculators, who are looking for significant returns through events like these.</p>



<h2>Immutable (IMX-USD)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/cryptocurrency-blockchain-300x169.png" alt="An image of different crypto coins imposed with binary code"><div>Source: Have a nice day Photo/Shutterstock</div></div>


<p>Last but not least on the list is <strong>Immutable</strong> (<a href="https://investorplace.com/cryptocurrency/imx-usd/"><strong>IMX-USD</strong></a>), which brings with it a revolutionary blockchain technology, which allows games to be much faster, scalable and without gas fees for the creation and exchange of NFTs.</p>



<p>Thanks to this project, players have the opportunity to enjoy a completely seamless experience, and not only that, but developers have the opportunity and freedom to explore new tools and possibilities without having to worry about technical limitations.</p>



<p>They have also realized the <a href="https://www.immutable.com/blog/press-release-immutable-zkevm-mainnet-early-access-is-live">launch</a> of Immutable zkEVM Mainnet in collaboration with <strong>Polygon</strong> (<a href="https://investorplace.com/cryptocurrency/matic-usd/"><strong>MATIC-USD</strong></a>), which means a big step in the world of blockchain-based games.</p>



<p>Thanks to this dedicated blockchain, they can offer EVM compatibility, low costs and also massive scalability, which can be translated into game studios, including gamers, can have more options and improved performance.</p>



<p>But not only have they made that launch, they are going for more as well. They have entered into a <a href="https://www.immutable.com/blog/immutable-and-ubisofts-strategic-innovation-lab-pioneering-a-frictionless-web3-gaming-experience">partnership</a> with <strong>Ubisoft</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/ubsfy-stock-quote/"><strong>UBSFY</strong></a>), which promises to take the gaming experience to a completely unimaginable level.</p>



<p>Through the combination of Ubisoft&rsquo;s very high quality game development expertise in conjunction with Immutable&rsquo;s great technology and ecosystem.</p>



<p><strong>Small, low-volume cryptos</strong></p>



<p><strong>On Low-Capitalization and Low-Volume Cryptocurrencies:</strong>&nbsp;InvestorPlace does not regularly publish commentary about cryptocurrencies that have a market capitalization less than $100 million or trade with volume less than $100,000 each day. That&rsquo;s because these &ldquo;penny cryptos&rdquo; are frequently the playground for scam artists and market manipulators. When we do publish commentary on a low-volume crypto that may be affected by our commentary, we ask that&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.<br>Read More:&nbsp;<a href="https://investorplace.com/headed-for-the-moon-make-sure-you-avoid-these-4-big-cryptocurrency-scams/">How to Avoid Popular Cryptocurrency Scams</a></p>



<p><em>As of this writing, Gabriel Osorio-Mazzilli did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em>.</p>
<div><p>Gabriel Osorio is a former Goldman Sachs and Citigroup employee. He possesses discipline in bottom-up value investing and volatility-based long/short equities trading.</p></div><h3>More From InvestorPlace</h3>
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<p><strong>Ubisoft </strong>(OTCMKTS:<a href="https://investorplace.com/stock-quotes/ubsfy-stock-quote/"><strong>UBSFY</strong></a>) layoffs are a hot topic on Tuesday after the video game publisher revealed plans to <a href="https://www.gamespot.com/articles/ubisoft-lays-off-45-workers-in-latest-wave/1100-6522305/">cut another 45 jobs</a>.</p>



<p>The newest round of layoffs at Ubisoft covers employees in its global publishing and Asia-Pacific units. This is part of an effort at the company to streamline operations&nbsp;and boost its collective efficiency.</p>



<p>Ubisoft gave the following statement to <em>GameSpot</em> when asked about the layoffs.</p>




<p>&ldquo;Today we announced that we are further reorganizing our Global Publishing central and APAC structures to adapt them to the market evolution with a more efficient and agile approach. Those changes will impact 45 positions overall. These are not decisions taken lightly and we are providing comprehensive support for our impacted colleagues.&rdquo;</p>




<h2>Ubisoft Layoffs Continue</h2>



<p>Investors will remember that this isn&rsquo;t the first time Ubisoft has <a href="https://www.gamesindustry.biz/ubisoft-hit-with-another-wave-of-layoffs">announced layoffs recently</a>. The company made cuts in November 2023 when it reduced its headcount by 124 workers.</p>



<p>Ubisoft is far from the only company in the video game industry that is laying off employees recently. There have been large cuts across the market as several headwinds affect the sector. That includes the ongoing effects of inflation on consumer spending habits. It&rsquo;s also likely more layoffs in the market will be announced in 2024.</p>



<p>Investors who want even more of the most recent stock market stories are going to want to stick around!</p>



<p>We have all of the hottest stock market news that traders need to know about on Tuesday! A few examples include what&rsquo;s happening with shares of <strong>Canoo&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/goev-stock-quote/"><strong>GOEV</strong></a>), <strong>Gritstone Bio</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/grts-stock-quote/"><strong>GRTS</strong></a>) and <strong>Acorda Therapeutics</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/acor-stock-quote/"><strong>ACOR</strong></a>) stock today. All of that info is available at the following links!</p>



<h2>More Stock Market News for Tuesday</h2>



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<li><a href="https://investorplace.com/2024/04/why-is-acorda-therapeutics-acor-stock-down-72-today/">Why Is Acorda Therapeutics (ACOR) Stock Down 72% Today?</a></li>
</ul><p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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	<p>The post <a href="https://investorplace.com/2024/04/ubisoft-layoffs-2024-what-to-know-about-the-latest-round-of-ubisoft-job-cuts/">Ubisoft Layoffs 2024: What to Know About the Latest Round of Ubisoft Job Cuts</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Ubisoft Layoffs 2024: What to Know About the Latest Round of Ubisoft Job Cuts

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<p>Health insurance stocks are falling on Tuesday after President Joe Biden&rsquo;s Administration announced it <a href="https://finance.yahoo.com/news/health-insurers-tumble-final-medicare-224241100.html">won&rsquo;t increase Medicare Advantage rates</a> for 2025.</p>



<p>This comes as a surprise to health insurance companies as the government typically increases its rates compared to its initial proposals. In fact, only once in the last decade has it not done so.</p>



<p>That&rsquo;s bad news for health insurance stocks as it means the companies behind them will be covering more costs. This comes at a time when increased inflation and interest rates are causing medical prices to rise as well.</p>



<p>These increasing costs come alongside patients making more use of their insurance than expected. These even led to <a href="https://www.thestreet.com/investing/stocks/humana-tumbles-unitedhealth-and-cvs-slide-on-medicare-advantage-hit">talks of a merger</a> between two major players in the space. However, those discussions broke down over concerns about the Federal Trace Commission blocking the combination.</p>



<p>Let&rsquo;s check out how this news is affecting health insurance stocks below!</p>



<h2>Health Insurance Stocks Down Today</h2>



<ul><li><strong>Humana&nbsp;</strong>(NYSE:<a href="https://investorplace.com/stock-quotes/hum-stock-quote/"><strong>HUM</strong></a>) stock is down 13.8% as of Tuesday morning.</li>



<li><strong>UnitedHealth </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/unh-stock-quote/"><strong>UNH</strong></a>) stock is falling 6.1% as of this writing.</li>



<li><strong>Cigna&nbsp;</strong>(NYSE:<a href="https://investorplace.com/stock-quotes/ci-stock-quote/"><strong>CI</strong></a>) stock is decreasing less than 1% today alongside the news.</li>
</ul><p>Investors who are seeking out even more of the most recent stock market stories are going to want to stick around!</p>



<p>We are offering up insight into all of the biggest stock market news worth reading about on Tuesday! That includes a new round of <strong>Ubisoft&nbsp;</strong>(OTCMKTS:<a href="https://investorplace.com/stock-quotes/ubsfy-stock-quote/"><strong>UBSFY</strong></a>) layoffs, <strong>Canoo&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/goev-stock-quote/"><strong>GOEV</strong></a>) expansion plans and what has <strong>Gritstone Bio</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/grts-stock-quote/"><strong>GRTS</strong></a>) stock falling today. You can catch up on all of these matters at the following links!</p>



<h2>More Stock Market News for Tuesday</h2>



<ul><li><a href="https://investorplace.com/2024/04/ubisoft-layoffs-2024-what-to-know-about-the-latest-round-of-ubisoft-job-cuts/">Ubisoft Layoffs 2024: What to Know About the Latest Round of Ubisoft Job Cuts</a></li>



<li><a href="https://investorplace.com/2024/04/goev-stock-alert-canoo-announces-expansion-into-saudi-arabia/">GOEV Stock Alert: Canoo Announces Expansion Into Saudi Arabia</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-gritstone-bio-grts-stock-down-44-today/">Why Is Gritstone Bio (GRTS) Stock Down 44% Today?</a></li>
</ul><p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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