Google on Thursday conceded defeat in its attempt to remake the gaming industry around the cloud, as it disclosed that it will shut down its Stadia games streaming service early next year. The internet giant held up Stadia as the forerunner in a “cloud gaming” revolution when it announced the service in 2019. The retreat on gaming comes as Google is in the midst of a company-wide effort to save money and narrow its focus, shutting marginal services and products and cutting staff.
Distillate Capital Partners LLC, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. Through the sharp sell-off in the first half of 2022, Distillate’s U.S. FSV strategy held up better than the overall market with a decline of 15.80% net of fees vs. a 19.96% […]
After three years, Google Stadia is exiting the arena. The internet search giant, which launched the streaming games service in November 2019, announced that Google Stadia will be winding down over the next few months. Players will continue to have access to their games library and be able to play through Jan. 18, 2023. Google […]