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The Rockstar hack could have been a disaster. Instead, Take-Two's stocks have skyrocketed

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Key summary

2 min read
  1. The hacking group ShinyHunters claimed it stole Rockstar business data through Snowflake and threatened to leak it.

  2. Rockstar said the breach had no impact on players or day-to-day operations.

  3. After the data appeared to be released, Take-Two shares jumped sharply, adding about $1 billion in market value.

  4. A ransom-style hack that could have hurt the game publisher instead coincided with a stock rally.

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