5 Red Flags for Unity Software's Future
Unity Software (NYSE: U) was one of the hottest tech IPOs of 2020. More than half of the world's mobile, console, and PC games were already created by its namesake engine -- which greatly simplified the development of cross-platform games -- and it was expanding its ecosystem with integrated ads, other monetization features, and tools for non-gaming applications.
Unity went public at $52 per share in September 2020. It opened at $75 and surged to an all-time high of $210 last November, but now trades in the low $30s. Unity's stock collapsed for three simple reasons.
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Source Fool.com
