Every now and then, on Wall Street, a penny stock surfaces from nothingness and generates ridiculous gains in a short time period (the medical marijuana healthcare sector being the latest example). The gains are often short lived, as investors quickly realize the rise of the stock was caused by nothing more than hype and speculation, not fundamentals.
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Is The Game Stopping?
According to the Entertainment Software Association (ESA), “no other sector [in the United States Economy] has experienced the same explosive growth as the computer and video game industry.” In their demographic study of the video game industry, the ESA reports 58% of Americans play video games and 51% of American households own a game console (many of which own more than one).
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