Bloomberg writes that Niantic Chief Executive Officer John Hanke told staff in an email that the company was "facing a time of economic turmoil" and had already.
San Francisco-based Niantic builds augmented reality platform for current and future generations of AR hardware. Niantic was founded by John Hanke, and Phil Keslin in 2010 and is backed by investors that include AXiomatic Gaming, Battery Ventures, Founders Fund, Google, and Nintendo.
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In 2019, cheat creator Global++ was sued by Pokémon Go developer Niantic for infringing its intellectual property rights and spoiling the gaming experience for legitimate players. The parties have now agreed to settle the case for a cool $5,000,000, with the former admitting several types of copyright infringement and computer abuse violations.
Providing tools and services enabling players to cheat in video games is big business but after years of relative freedom, cheat facilitators are increasingly being targeted by developers for undermining gaming experiences and business models.
In June 2019, development group Global++, which had provided cheats for Pokémon Go and other titles, was targeted by Francisco-based Niantic, the game’s original developer. The original lawsuit, filed in a California federal court targeted “unincorporated entity” Global++, two individuals named as Ryan Hunt (aka ELLIOTROBOT) and Alen Hundur (aka IOS NOOB), plus 20 ‘John Does’.