Stocks of major video game companies dropped sharply after Trump and other politicians linked this weekend’s mass shootings to violent video games.
to past mass shootings, asserting that the incidents were due to a “culture of violence,” created, in part, by violent video games.
The slump in video game stocks is a direct result of the comments by Trump, McCarthy and others, according to Michael Pachter, a managing director and analyst at Wedbush Securities who covers the video game industry. “Whenever a white male kills multiple people, this is what they come up with,” said McCarthy. “What are the odds of a white male in his 20s being a video gamer? 90%?”
McCarthy said the link between video games and mass shooting violence was a red herring used to divert attention from discussions on gun control regulation. “Nearly every other country has video games,” he said. “We are the only one who has these type of rampant mass shootings.”Zynga, primarily a publisher of nonviolent mobile games, also fell by 5.3% on Monday. Andrew Uerkwitz, a managing director and analyst at Oppenheimer & Co.
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