The effects that frequently result when newer types of technologies are effectively introduced into existing markets are best summed up by an economics notion. destructive creativity
A Basic Definition The deterioration of established methods, procedures, goods, or services is known as "creative destruction," and it is followed by the emergence of newer, disruptive ones. It is founded on the idea that outdated beliefs must be disproved in order for new ideas to take advantage of available energy and resources.
The decline in player numbers and revenue from in-game purchases are probably factors in the decision to close the games.
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