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Following the recent hacking of the PlayStation Network, Sony Corp. shareholders will be disgruntled this morning after stock in the company dropped by 4.5 percent
The PlayStation Network has now been down for eight days with no confirmation of when the service will resume.
Reuters reports: “Sony shares closed down 4.5 percent after falling more than 5 percent at one stage, while the broad market rose 1.6 percent. The stock has now lost more than 8 percent this week.”
Sony shareholder, Michael Wang, manager of overseas funds at Prudential Financials in Taipei, says that “shares of Sony have already reached the low since the earthquake so I think further downside is limited.”
Sony is being attacked from all angles at the moment, with one man filing a class action lawsuit against the company, while some developers are unhappy about the downtime and consumers worried about the risk posed by identification theft
The latest post on the official PlayStation blog at least gives a time-frame for getting back online.
“Our employees have been working day and night to restore operations as quickly as possible, and we expect to have some services up and running within a week from yesterday,” reads the post. “However, we want to be very clear that we will only restore operations when we are confident that the network is secure.”
Stay tuned.