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> The fact that they can't survive two years of a pandemic without losing hundreds of employees and accepting a merger is indicative of the relative illness of the entire game tool service industry. This is a decades-old company that didn't have enough war-chest to float a few bad years.

Bad years? I thought the pandemic was unusually good for at-home entertainment.

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Worked for a mobile game company in 2020 and 2021. Can confirm that 2020 was a very good year revenue wise, if not dying off a little bit towards the end of 2021

Meanwhile, Unity's stock is trading lower than its open 18 months ago. If revenue's up in the industry, they're not capturing it.

That makes no sense. 18 months ago was January 2021. For Unity to be down now compared to then is fully compatible with the idea that (1) 2020 and 2021 were high points for the industry, and (2) things have started to die off since the end of 2021. That's exactly what you'd expect.

But the fact that 2020 and 2021 were historic boom years means that the description of Unity as just lacking the war chest to weather a couple of bad years is nonsense. These were great years, not bad years.

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