As regular readers of gaming news know all too well, Wedbush Securities Strategic Advisor Michael Pachter is not one to mince words, always speaking his mind regardless. In 2018, he famously said loot boxes only existed because consumers were stupid. In 2022, he criticized Sony for vastly overpaying Bungie in the $3.6 billion acquisition, especially compared to Microsoft's acquisition of Activision Blizzard and Take-Two's acquisition of Zynga. In the same year, he also prophesied that Xbox Game Pass active subscribers would blow up to 100 million when Activision Blizzard games were added, and literally doubled down on the prediction in […]
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