Unity Software loses $5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’

Unity Software Inc. executives thought they had found a way to avoid fallout from changes in Apple Inc.’s mobile operating system.

It turns out they were wrong, and Wall Street punished Unity
U,
-34.25%

stock for it Wednesday.

Shares shed more than a third of their value, worth roughly $5 billion in market capitalization, and were headed for their worst day ever after the gaming-engine company revealed what multiple analysts termed a “self-inflicted…

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