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"The era of high-budget, single-player immersive sims built by legendary auteurs has effectively surrendered to live-service financial reality."

"The ultimate proof that ETF wrappers legitimized the industry is that even the politicians trying to regulate it out of existence are quietly holding it in their retirement accounts."

"When a nation-state's oil retirement account starts parking billion-dollar positions in private aerospace companies, the boundary between conservative institutional money and aggressive tech VC has completely evaporated."

"Apple hasn't confirmed the move yet, but pulling a trusted operational veteran out of retirement suggests Ternus isn't taking any chances with the hardware supply chain during his transition."