Ubisoft stock saw its sharpest intraday fall ever

Ubisoft stock saw its sharpest intraday fall ever

Investors appeared unimpressed Thursday by a drastic restructuring and further cost cuts at French game giant Ubisoft, with shares plunging and employees saying they are uneasy.

Ubisoft stock plummeted more than 34 percent on the Paris market by 1:50 pm (1230 GMT), the sharpest intraday fall in the company's history.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.