Epic Raises $1B

Epic announces another round of funding has placed an additional $1 billion (with a "b") in its coffers, including $200M from Sony. Word is: "Today Epic Games announced that it completed a $1 billion round of funding, which will allow the company to support future growth opportunities. Epic's equity valuation is now $28.7 billion." Here's more:
“We are grateful to our new and existing investors who support our vision for Epic and the Metaverse. Their investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store,” said Tim Sweeney, CEO and Founder, Epic Games.
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34.
 
Re: Epic Raises $1B
Apr 19, 2021, 11:43
34.
Re: Epic Raises $1B Apr 19, 2021, 11:43
Apr 19, 2021, 11:43
 
Beamer wrote on Apr 19, 2021, 11:39:
That 28% is almost definitely Robinhood, which holds all of its users' dogecoin in one wallet.
Ahh, that would make some sense, maybe the other huge wallets are exchanges too? Hmm. If the 40% in five wallets are all exchanges, that is far less of a concern.
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
33.
 
Re: Epic Raises $1B
Apr 19, 2021, 11:39
33.
Re: Epic Raises $1B Apr 19, 2021, 11:39
Apr 19, 2021, 11:39
 
Mr. Tact wrote on Apr 19, 2021, 11:29:
Here is some more interesting stuff on DOGE:

Over 65% of Dogecoins are distributed among just 98 wallets across the world, while the single largest wallet holds 28% of all Dogecoins.

In fact, just five wallets control 40% of the coin’s supply.
The more I learn the more it seems like a group of people have "taken over DOGE" and are attempting a coordinated scam... Hard to believe the bubble can last very long...


That 28% is almost definitely Robinhood, which holds all of its users' dogecoin in one wallet.
But Elon Musk supposedly has billions in Doge, so who knows.
32.
 
Re: Epic Raises $1B
Apr 19, 2021, 11:29
32.
Re: Epic Raises $1B Apr 19, 2021, 11:29
Apr 19, 2021, 11:29
 
Here is some more interesting stuff on DOGE:

Over 65% of Dogecoins are distributed among just 98 wallets across the world, while the single largest wallet holds 28% of all Dogecoins.

In fact, just five wallets control 40% of the coin’s supply.
The more I learn the more it seems like a group of people have "taken over DOGE" and are attempting a coordinated scam... Hard to believe the bubble can last very long...
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
31.
 
Re: Epic Raises $1B
Apr 18, 2021, 13:17
31.
Re: Epic Raises $1B Apr 18, 2021, 13:17
Apr 18, 2021, 13:17
 
I see Bitcoin had a "flash crash" yesterday, down 8,000 in an hour. Still over $50k though, gotta think a further correction is still over due.
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
30.
 
Re: Epic Raises $1B
Apr 16, 2021, 06:33
30.
Re: Epic Raises $1B Apr 16, 2021, 06:33
Apr 16, 2021, 06:33
 
At .27 at this moment or over $47k for those 175,901 coins.
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
29.
 
Re: Epic Raises $1B
Apr 15, 2021, 23:49
29.
Re: Epic Raises $1B Apr 15, 2021, 23:49
Apr 15, 2021, 23:49
 
Man, fuckin' thing just hit 30+ cents in the past few hours. Inconceivable!
28.
 
Re: Epic Raises $1B
Apr 15, 2021, 22:30
28.
Re: Epic Raises $1B Apr 15, 2021, 22:30
Apr 15, 2021, 22:30
 
From an article I just read:
Dogecoin opened for trading on Jan. 1 at $0.00468. If you had invested $1,000 in Dogecoin at the highest price on Jan. 1 of $0.005685, you would have bought 175,901 Dogecoin.

Based on a price of $0.187 on Thursday, that same $1,000 investment would now be worth $32,983. Not a bad return for investing or buying a meme currency.
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
27.
 
Re: Epic Raises $1B
Apr 15, 2021, 18:42
27.
Re: Epic Raises $1B Apr 15, 2021, 18:42
Apr 15, 2021, 18:42
 
jacobvandy wrote on Apr 14, 2021, 16:17:
It's probably too late to become an accidental millionaire, maybe if you'd put in $500 a year or two ago, but people are definitely making money. Yesterday alone it shot up 85% and peaked at just under 15 cents. Sunday it was around 7 cents. The thing with DOGE is that there are way more coins in circulation than something like BTC, so the market cap would have to surpass that (currently $1.1 trillion) in order for it to reach a price of $10.
Apparently DOGE is up 2,614% in 2021, so it isn't too late by long. But yeah, probably too late...
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
26.
 
Re: Epic Raises $1B
Apr 14, 2021, 16:17
26.
Re: Epic Raises $1B Apr 14, 2021, 16:17
Apr 14, 2021, 16:17
 
Mr. Tact wrote on Apr 14, 2021, 12:10:
Beamer wrote on Apr 14, 2021, 12:03:
I had it at 0.055 a month ago, sold it for 0.054, or whatever. I may be missing 0s. Like a $10 loss. NBD. These things aren't real investments, like GME isn't. They're just fun to follow.
I was tempted to throw $500 into it just for giggles and leave it until it either went to zero or $1m whichever happened first. Wink


It's probably too late to become an accidental millionaire, maybe if you'd put in $500 a year or two ago, but people are definitely making money. Yesterday alone it shot up 85% and peaked at just under 15 cents. Sunday it was around 7 cents. The thing with DOGE is that there are way more coins in circulation than something like BTC, so the market cap would have to surpass that (currently $1.1 trillion) in order for it to reach a price of $10.
25.
 
Re: Epic Raises $1B
Apr 14, 2021, 14:11
25.
Re: Epic Raises $1B Apr 14, 2021, 14:11
Apr 14, 2021, 14:11
 
Mr. Tact wrote on Apr 14, 2021, 12:10:
Beamer wrote on Apr 14, 2021, 12:03:
I had it at 0.055 a month ago, sold it for 0.054, or whatever. I may be missing 0s. Like a $10 loss. NBD. These things aren't real investments, like GME isn't. They're just fun to follow.
I was tempted to throw $500 into it just for giggles and leave it until it either went to zero or $1m whichever happened first. Wink


Yeah, that's the approach to these things. They're not retirement plans, they're gambling. They're slightly lower risk than putting it all on red or black. So the smart approach is exactly how you would handle a casino - put in as much money as you think would be fun to lose. Not money you can't lose, just what you're ok spending for being part of the ride.

I'm always surprised when you see people that put retirement fund cash in these.
24.
 
Re: Epic Raises $1B
Apr 14, 2021, 13:05
24.
Re: Epic Raises $1B Apr 14, 2021, 13:05
Apr 14, 2021, 13:05
 
The Half Elf wrote on Apr 14, 2021, 01:58:
cappy wrote on Apr 13, 2021, 19:32:
Maybe they could hire more people and better train them to handle basic customer service. But I doubt it.

I've been going back-and-forth for two months with (latest count) 30 email exchanges with a rotating group of pseudonymous Epic customer service representatives trying to get a refund for pre-purchasing Vampire Bloodlines 2 through them. The hilarious part is that Epic actually emailed me in February offering to do a refund due to the game now being in limbo. All I had to do was contact Epic's award-winning customer service team.

So far, I've had their reps tell me the refund was already processed, no actually it wasn't that was a different account sorry, apologies for the inconvenience and fresh promises to look into it that are repeated by the next rep like Groundhog Day (this has happened almost a dozen times with new reps each time). The latest was an email Friday claiming the refund had been processed followed by an email today from someone else saying it hadn't and they were looking into it and needed at least 14 more Business Days before they thought they could issue a refund.

My understanding is that people who pre-purchased on Steam or GOG had no issues getting refunds. I'd assumed that a multi-billion dollar company that's been around almost 30 years would kind of be able to process a refund. I mean, even small proprietors do that regularly in under a week rather than spending (based on the latest email) at least 3 months.

I've filed a BBB complaint, an FCC complaint, and another fraud complaint with the state attorney general since Epic figures I have plenty of time to wait and I may as well keep myself occupied with something Epic-related. Epic's Refund Policy claims "You can cancel your pre-purchase and get a refund at any time before release." I suppose I could go into the page's code or maximize the fonts to see if it also says "But good luck actually receiving a refund. We usually take months and make it so hard that we hope you will just go away so we can keep your money."

Contact whoever that was the company that you used to pay for it (Bank or Paypal, etc) and ask for payment to be stopped or reversed. Send them all the emails. Granted you MAY have your Epic Account Suspended (had this problem with Sony years back for bogus charges for Planetside 2 subscription), so keep that in mind.


Yeah, issue is that credit card companies typically have a 60-day limit for disputing charges, so that option isn't available. Interestingly, state and federal laws leave refund policies up to businesses - including whether or not they are even remotely timely. It would pretty much fall under contract law, and of course in most cases pursuing a legal remedy for that isn't worth the expense. My solution has been to remind them frequently and to escalate to the complaints to the BBB, FCC, and state attorney general and to forward those to them. As of yesterday afternoon, I received a slightly more detailed and less form-style response that may give hope that a refund is somewhere on the horizon. The latest reply is still claiming 14 business days, so I'll see whether that happens. I did notice that other BBB complaints about refund issues seem to have been resolved by Epic.
23.
 
Re: Epic Raises $1B
Apr 14, 2021, 12:10
23.
Re: Epic Raises $1B Apr 14, 2021, 12:10
Apr 14, 2021, 12:10
 
Beamer wrote on Apr 14, 2021, 12:03:
I had it at 0.055 a month ago, sold it for 0.054, or whatever. I may be missing 0s. Like a $10 loss. NBD. These things aren't real investments, like GME isn't. They're just fun to follow.
I was tempted to throw $500 into it just for giggles and leave it until it either went to zero or $1m whichever happened first. Wink
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
22.
 
Re: Epic Raises $1B
Apr 14, 2021, 12:05
22.
Re: Epic Raises $1B Apr 14, 2021, 12:05
Apr 14, 2021, 12:05
 
Beamer wrote on Apr 14, 2021, 12:03:
The creator says dohj, I say dohg. So all different than what you'd suggested.
Hardly matters.
It certainly doesn't matter. But it is slightly disappointing it isn't "doggy".
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
21.
 
Re: Epic Raises $1B
Apr 14, 2021, 12:03
21.
Re: Epic Raises $1B Apr 14, 2021, 12:03
Apr 14, 2021, 12:03
 
Mr. Tact wrote on Apr 14, 2021, 11:50:
jacobvandy wrote on Apr 14, 2021, 05:00:
They should dump it all into DOGE before it goes any higher, jeebus.
Okay, I have been meaning to ask this... Everyone on CNBC pronounces DOGE as "dodge", but I think it should be "doggy" -- anyone know if there is a definitive answer for what it is "supposed" to be? (haven't bothered to Google it -- my interest doesn't rise to that level)


The creator says dohj, I say dohg. So all different than what you'd suggested.
Hardly matters.

I had it at 0.055 a month ago, sold it for 0.054, or whatever. I may be missing 0s. Like a $10 loss. NBD. These things aren't real investments, like GME isn't. They're just fun to follow.
20.
 
Re: Epic Raises $1B
Apr 14, 2021, 11:50
20.
Re: Epic Raises $1B Apr 14, 2021, 11:50
Apr 14, 2021, 11:50
 
jacobvandy wrote on Apr 14, 2021, 05:00:
They should dump it all into DOGE before it goes any higher, jeebus.
Okay, I have been meaning to ask this... Everyone on CNBC pronounces DOGE as "dodge", but I think it should be "doggy" -- anyone know if there is a definitive answer for what it is "supposed" to be? (haven't bothered to Google it -- my interest doesn't rise to that level)
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
19.
 
Re: Epic Raises $1B
Apr 14, 2021, 05:00
19.
Re: Epic Raises $1B Apr 14, 2021, 05:00
Apr 14, 2021, 05:00
 
They should dump it all into DOGE before it goes any higher, jeebus.
18.
 
Re: Epic Raises $1B
Apr 14, 2021, 01:58
18.
Re: Epic Raises $1B Apr 14, 2021, 01:58
Apr 14, 2021, 01:58
 
cappy wrote on Apr 13, 2021, 19:32:
Maybe they could hire more people and better train them to handle basic customer service. But I doubt it.

I've been going back-and-forth for two months with (latest count) 30 email exchanges with a rotating group of pseudonymous Epic customer service representatives trying to get a refund for pre-purchasing Vampire Bloodlines 2 through them. The hilarious part is that Epic actually emailed me in February offering to do a refund due to the game now being in limbo. All I had to do was contact Epic's award-winning customer service team.

So far, I've had their reps tell me the refund was already processed, no actually it wasn't that was a different account sorry, apologies for the inconvenience and fresh promises to look into it that are repeated by the next rep like Groundhog Day (this has happened almost a dozen times with new reps each time). The latest was an email Friday claiming the refund had been processed followed by an email today from someone else saying it hadn't and they were looking into it and needed at least 14 more Business Days before they thought they could issue a refund.

My understanding is that people who pre-purchased on Steam or GOG had no issues getting refunds. I'd assumed that a multi-billion dollar company that's been around almost 30 years would kind of be able to process a refund. I mean, even small proprietors do that regularly in under a week rather than spending (based on the latest email) at least 3 months.

I've filed a BBB complaint, an FCC complaint, and another fraud complaint with the state attorney general since Epic figures I have plenty of time to wait and I may as well keep myself occupied with something Epic-related. Epic's Refund Policy claims "You can cancel your pre-purchase and get a refund at any time before release." I suppose I could go into the page's code or maximize the fonts to see if it also says "But good luck actually receiving a refund. We usually take months and make it so hard that we hope you will just go away so we can keep your money."

Contact whoever that was the company that you used to pay for it (Bank or Paypal, etc) and ask for payment to be stopped or reversed. Send them all the emails. Granted you MAY have your Epic Account Suspended (had this problem with Sony years back for bogus charges for Planetside 2 subscription), so keep that in mind.
Avatar 12670
17.
 
Re: Epic Raises $1B
Apr 13, 2021, 20:35
17.
Re: Epic Raises $1B Apr 13, 2021, 20:35
Apr 13, 2021, 20:35
 
Tipsy McStagger wrote on Apr 13, 2021, 15:15:
Mr. Tact wrote on Apr 13, 2021, 13:53:
Nullity wrote on Apr 13, 2021, 12:55:
Admittedly, this kind of thing isn't really in my wheelhouse, so I'm confused... Why does a company that pulls in a much profit as Epic need such a large amount of outside funding, or any funding at all, for that matter?
Basically, because they can. It just gives them more capital to invest in whatever they want to generate more profits. I remember seeing once that GE was taking out a loan so they could use it to make payroll. At the time the rates were so low they could make more money by taking out the loan for payroll and use the payroll money they had for something with a good return on investment. Corporation finances are completely nonsensical compared to personal finances.


Hilarious.

Basically:
"Payroll will cost us 360 million this year. But if we buy bonds for 1 year at 1% interest we can get a loan for 0.8% interest and make 0.2% on the loan!"

Whoever thought of that was fucking awesome.
The Miracle of Birth
- I refer to it as BC, Before Corona, and AD, After Disaster. -
Avatar 58135
16.
 
Re: Epic Raises $1B
Apr 13, 2021, 20:32
16.
Re: Epic Raises $1B Apr 13, 2021, 20:32
Apr 13, 2021, 20:32
 
Fricken sweet.
Keep those freebies coming.
- I refer to it as BC, Before Corona, and AD, After Disaster. -
Avatar 58135
15.
 
Re: Epic Raises $1B
Apr 13, 2021, 19:32
15.
Re: Epic Raises $1B Apr 13, 2021, 19:32
Apr 13, 2021, 19:32
 
Maybe they could hire more people and better train them to handle basic customer service. But I doubt it.

I've been going back-and-forth for two months with (latest count) 30 email exchanges with a rotating group of pseudonymous Epic customer service representatives trying to get a refund for pre-purchasing Vampire Bloodlines 2 through them. The hilarious part is that Epic actually emailed me in February offering to do a refund due to the game now being in limbo. All I had to do was contact Epic's award-winning customer service team.

So far, I've had their reps tell me the refund was already processed, no actually it wasn't that was a different account sorry, apologies for the inconvenience and fresh promises to look into it that are repeated by the next rep like Groundhog Day (this has happened almost a dozen times with new reps each time). The latest was an email Friday claiming the refund had been processed followed by an email today from someone else saying it hadn't and they were looking into it and needed at least 14 more Business Days before they thought they could issue a refund.

My understanding is that people who pre-purchased on Steam or GOG had no issues getting refunds. I'd assumed that a multi-billion dollar company that's been around almost 30 years would kind of be able to process a refund. I mean, even small proprietors do that regularly in under a week rather than spending (based on the latest email) at least 3 months.

I've filed a BBB complaint, an FCC complaint, and another fraud complaint with the state attorney general since Epic figures I have plenty of time to wait and I may as well keep myself occupied with something Epic-related. Epic's Refund Policy claims "You can cancel your pre-purchase and get a refund at any time before release." I suppose I could go into the page's code or maximize the fonts to see if it also says "But good luck actually receiving a refund. We usually take months and make it so hard that we hope you will just go away so we can keep your money."
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