Now, don’t get me wrong, I haven’t played Conan since I discovered my female barbarian was nerfed by her own damage animations.  That being said, I find articles like this one a little obfuscating.  Oh noes!  Funcom is down to half its value!  Sky!  Falling!

Looking at the longer view, we see that Funcom is… exactly where they were before they launched Conan. Which is to say, the launch of Conan probably overinflated their value.

Also note that in both graphs, the graph starts at 15, instead of 0.  The net result is that a casual graph reader would think they lost 80% of their value from their peak, when instead they’re down half.

Should Funcom be doing better?  Probably.  But it’s not nearly as gloomy as the original article suggests.