Jason Schreier

changing their minds every few months, it seems. I don't know what they're thinking, and I don't know how it all fits in. I mean, from one point of view, it's like, well, this is going to make us a lot of money. At some point, we will break even on this acquisition. So it was worth it on that front. We're making so much revenue from, wow, Call of Duty, King, maybe it's worth it.

changing their minds every few months, it seems. I don't know what they're thinking, and I don't know how it all fits in. I mean, from one point of view, it's like, well, this is going to make us a lot of money. At some point, we will break even on this acquisition. So it was worth it on that front. We're making so much revenue from, wow, Call of Duty, King, maybe it's worth it.

changing their minds every few months, it seems. I don't know what they're thinking, and I don't know how it all fits in. I mean, from one point of view, it's like, well, this is going to make us a lot of money. At some point, we will break even on this acquisition. So it was worth it on that front. We're making so much revenue from, wow, Call of Duty, King, maybe it's worth it.

And from a pure kind of math business perspective, that carries some weight with me. This idea, I think CEOs tend to think in these kind of grand strategy terms where it's like, we must have a branch on mobile. And that's the way you appeal to investors, right? It's not by saying we are making more money than we did last year.

And from a pure kind of math business perspective, that carries some weight with me. This idea, I think CEOs tend to think in these kind of grand strategy terms where it's like, we must have a branch on mobile. And that's the way you appeal to investors, right? It's not by saying we are making more money than we did last year.

And from a pure kind of math business perspective, that carries some weight with me. This idea, I think CEOs tend to think in these kind of grand strategy terms where it's like, we must have a branch on mobile. And that's the way you appeal to investors, right? It's not by saying we are making more money than we did last year.

It's by saying, here's our AI strategy and that's what boosts your stock 10%, right? So for them, it's like, we need to be talking about mobile and cloud and blah, blah, blah, blah, all these other kind of futuristic buzzwords that make investors happy. Whereas if you look at the numbers, it probably makes sense, but like the overall grand strategy, whatever.

It's by saying, here's our AI strategy and that's what boosts your stock 10%, right? So for them, it's like, we need to be talking about mobile and cloud and blah, blah, blah, blah, all these other kind of futuristic buzzwords that make investors happy. Whereas if you look at the numbers, it probably makes sense, but like the overall grand strategy, whatever.

It's by saying, here's our AI strategy and that's what boosts your stock 10%, right? So for them, it's like, we need to be talking about mobile and cloud and blah, blah, blah, blah, all these other kind of futuristic buzzwords that make investors happy. Whereas if you look at the numbers, it probably makes sense, but like the overall grand strategy, whatever.

So Microsoft gets into mobile and maybe they make some money there. What does that mean for Xbox owners? What does that mean for the Xbox ecosystem? Who knows? Like it's all kind of throwing a bunch of darts at a board and like hoping a couple of them stick.

So Microsoft gets into mobile and maybe they make some money there. What does that mean for Xbox owners? What does that mean for the Xbox ecosystem? Who knows? Like it's all kind of throwing a bunch of darts at a board and like hoping a couple of them stick.

So Microsoft gets into mobile and maybe they make some money there. What does that mean for Xbox owners? What does that mean for the Xbox ecosystem? Who knows? Like it's all kind of throwing a bunch of darts at a board and like hoping a couple of them stick.

I think they announced like 650 people in early September. I think that was part of that. This has been a year of layoffs for every single video game company and a lot of tech companies too. This isn't just a Microsoft exclusive problem, but it's certainly a problem for a company that, I mean, within Microsoft, and this is something that we've been reporting on a few times at Bloomberg.

I think they announced like 650 people in early September. I think that was part of that. This has been a year of layoffs for every single video game company and a lot of tech companies too. This isn't just a Microsoft exclusive problem, but it's certainly a problem for a company that, I mean, within Microsoft, and this is something that we've been reporting on a few times at Bloomberg.

I think they announced like 650 people in early September. I think that was part of that. This has been a year of layoffs for every single video game company and a lot of tech companies too. This isn't just a Microsoft exclusive problem, but it's certainly a problem for a company that, I mean, within Microsoft, and this is something that we've been reporting on a few times at Bloomberg.

So Xbox for a long time was given a lot of autonomy and been allowed to do its own thing. And then suddenly Xbox is like, hey, we want to spend $69 billion on Activision Blizzard. And that deal closes and Satya Nadella and Amy Hood and Microsoft are like, how much did you just spend? Let's take a closer look at those P&Ls.

So Xbox for a long time was given a lot of autonomy and been allowed to do its own thing. And then suddenly Xbox is like, hey, we want to spend $69 billion on Activision Blizzard. And that deal closes and Satya Nadella and Amy Hood and Microsoft are like, how much did you just spend? Let's take a closer look at those P&Ls.

So Xbox for a long time was given a lot of autonomy and been allowed to do its own thing. And then suddenly Xbox is like, hey, we want to spend $69 billion on Activision Blizzard. And that deal closes and Satya Nadella and Amy Hood and Microsoft are like, how much did you just spend? Let's take a closer look at those P&Ls.

And so there's been a ton more pressure on the Xbox folks over the last year to get

And so there's been a ton more pressure on the Xbox folks over the last year to get