Gaming Stocks Fall As Trump Blames Video Games For Shootings
Posted Aug 05, 2019 by DarthHazard
Shares for a number of gaming-related companies fell after President Donald Trump warned that violent video games were in fact at fault for recent mass shootings that took place in the States.
The shootings which took place over the weekend killing 22 in an El Paso Walmart and 10 in a bar in Ohio led to Republicans and Trump deciding to go after video games rather than gun laws in the United States.
“We must stop the glorification of violence in our society,” “This includes the gruesome and grisly video games that are now commonplace”. ~ Donald Trump
Those words let to shares for Activision Blizzard (Call of Duty) dropping by 6%, Take-Two Interactive (Grand Theft Auto) dropping by 6% and Electronic Arts (Battlefield) by 4%. It wasn’t just “violent” video game companies that were affected with Nintendo, Sony and even GameStop affected. These drops are most likely caused by many traders fearing regulations that may come into force soon on game sales or even a drop in sales in violent games from consumers. However, this is most likely a short-term drop. As with most mass shootings in the US, many will go back to their usual lives and video games as a cause for mass shootings will be all but forgotten (until the next one of course).
Lt. Gov. Dan Patrick of Texas went on to claim that the video game industry “teaches young people to kill” with House Minority Leader Kevin McCarthy also jumping on to blame games by stating that “shooting individuals” could “dehumanize” gamers.
It seems that both Trump and some Republicans have refused to read most of the manifesto that was left by one of the shooters which contained a large number of points somewhat similar to what was said by the President and Republicans.
It’s also interesting for many to compare statistics on mass shootings in other countries. Switzerland, for example, has had no mass shootings in 2019. Are violent games banned in Switzerland?
Do you think that there is a link between video games and mass shootings? Or are video games just an easy target instead of focusing on gun laws and mental health? Leave your thoughts in the comments below.