EA Stock Surges on Worldwide Willingness to Pay for Make-Believe: A Global Loot-Box Love Story
Electronic Arts, the Redwood City outfit whose logo once resembled a blade of grass trying to look intimidating, has spent the last year convincing global investors that loot boxes are not, in fact, a form of taxable gambling. The campaign has worked modestly well: EA’s share price is up roughly 40 % since January, a…