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Pokemon Go

Well... I just lost quite a bit of faith in stock investors...

As you may have heard, due to Pokemon Go Nintendo's stock price shot up, adding billions of dollars to the company to where Nintendo was worth more than Sony at one point. Then early this morning the stock plummeted, a plunge that may have been eased by a Tokyo Stock Exchange rule that stops stock price changes of greater than 18%.

So why did the market value of Nintendo plunge? Well, apparently investors didn't realize until today that Nintendo does not actually OWN Pokemon, and instead just holds a 32 % share in the Pokemon Company. It should be noted that Nintendo did nothing wrong here, as the Nintendo logo/name doesn't appear anywhere in the mobile game, and have been open with investors about their role with Pokemon Go. Investors were the stupid ones here.

http://www.theverge.com/2016/7/25/12269466/nintendo-stock-plunge-pokemon-go
 
They got rid of the "power saver" option in the latest release. My kids finally got in the habit of turning the phone upside down when walking, and they do that. *grumble*
 
yourbeliefs said:
Pokemon Go's paying audience has dropped nearly 80%. Don't worry, it's still making money hand over fist..
Click to expand...
That's because that 80% wasn't spending money on it in the first place. Vast majority of smartphone games don't pay for any microtransactions.
 
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