‘Pokémon Go’ Is Now Worth $4 Billion

Tech
173 173 Vibes 0 Comments


Niantic has just received another round of funding from investors, this time raising the value of the company near the $4 billion USD mark. Having already raised $200 million USD last year (putting the software development company at $2.7 billion USD) investors continue to have an optimistic stance on the Pokemon Go maker’s future.

Despite the recent slow down in new Pokemon Go users, Niantic continues to make hundreds-of-millions in revenue each year. On top of developing Pokemon Go, Niantic is also developing new augmented reality games to other franchises.

The software company still has room to grow, as when compared to other companies in their industry, a $4 billion USD market capitalization is still rather far away from Electronic Arts’ $24.2 billion USD, or Activision Blizzard’s $36.4 billion USD market cap.



Read Full Article
Source
ew

What to Read Next

checkout this Eight-Year-Old Nigerian Boy that Just Became A Chess Champion In New York
Featured

checkout this Eight-Year-Old Nigerian Boy that Just Became A Chess Champion In New York

Eight year old Nigerian boy Tanitoluwa Adewumi last week emerged the winner of the Ney york chess championship…

Mike Trout signs the largest contract in baseball history
Sport

Mike Trout signs the largest contract in baseball history

Baseball superstar and seven times all star  winner Mike Trout Is set to sign biggest deal any professional…

Music: Rahman Jago ft. Zlatan X Chinko Ekun X Junior Boy – Ijo Ope
Music

Music: Rahman Jago ft. Zlatan X Chinko Ekun X Junior Boy – Ijo Ope

Rahman Jago, links up with budding street acts – Zlatan, Chinko Ekun & Junior Boy to serve his…

UEFA fines AC Milan €12 million, threatens one-year ban
Sport

UEFA fines AC Milan €12 million, threatens one-year ban

AC Milan has been fined €12 million by Uefa and threatened with a one-season ban from European competition…

Apple to roll out new Snoopy and Peanuts cartoon series
Tech

Apple to roll out new Snoopy and Peanuts cartoon series

Apple has struck a deal with DHX Media to produce new “Peanuts” content. The global children’s content and…

Music: Mi Casa – Love Is
Music

Music: Mi Casa – Love Is

Mi Casa have released a new single titled Love Is. The song is believed to be the leading…

Music: Fefe – Copy That
Music

Music: Fefe – Copy That

FEFE comes through with this spanking new tune titled “Find A Way” Listen Up!

Stream ZAYN’s Album ‘Icarus Falls’
Music

Stream ZAYN’s Album ‘Icarus Falls’

Over two years since his debut, ZAYN returns with his long-awaited sophomore album Icarus Falls. The 27-track album…