Why Take-Two stock sank before earnings as Google’s ‘Project Genie’ spooked videogame shares
Take-Two Interactive shares fell 7.9% to $220.30 on Friday after Google announced “Project Genie,” an AI tool for generating interactive worlds, sparking a selloff in gaming stocks. Trading volume reached 6.9 million shares. Take-Two will report fiscal third-quarter results after markets close on Feb. 3.