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The problem with Rovio going public isn't that the Finnish game maker is best known for its years-old hit, Angry Birds. The problem is that it is onlyknown for the Angry Birds franchise.

The company has proven itself adept at making the most of the hit game, to be sure, spawning years of sequels, merchandise galore, and even a blockbuster movie. The Angry Birds Movie, along with strong game sales, allowed revenue to nearly double last quarter, according to Rovio's earnings report Tuesday.

Yes, but: For a company that has touted itself as the next Disney, Rovio has failed to produce a second hit, let alone the steady string of successes needed to build a true entertainment powerhouse. Despite that, Bloomberg reports that the company wants to go public as soon as next month, raising as much as $400 million at a $2 billion valuation.

My thought bubble: Would-be investors would be wise to study a bit of company history. The company had released dozens of games before its first hit, the original Angry Birds, and nearly went out of business. More recently, the company had to retrench after its growth stalled and in 2015 the company was forced to make massive job cuts as its business came back to earth.

Go deeper

Updated 7 hours ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

7 hours ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.