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[Official] Concord shutting down - Everyone who bought it will get refund
(blog.playstation.com)
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Functionally no, the game doesn't appear to have crazy massive bugs.
It's just another bland live service hero shooter, that was extremely poorly advertised (personally I never heard of it until a week after it came out). I think Sony thought that it's presence in their playstation store was enough to get it enough traction (to be entirely fair that did work with other, better games) to spread through word of mouth, but that requires the game is good.