Unity Takes a Painful Step as Losses Pile Up
Unity (NYSE: U), a software company best known for developing the Unity game engine, is in a tough spot. Its current business model isn't sustainable, and a recent pricing change was so poorly communicated that the company was forced to largely roll it back.
Long-time CEO John Riccitiello stepped down in the wake of that disaster, with the company bringing in James Whitehurst, the former CEO at 's Red Hat, as interim CEO.
While interim CEOs often don't make big changes, Whitehurst is following a different playbook. He set the stage in the third-quarter letter to shareholders, saying that the company was trying to do too much.
Source Fool.com
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