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Nintendo Stock Price Drops on Pokémon Go Guidance

posted by cmn32480 on Tuesday July 26 2016, @05:12AM   Printer-friendly
from the that's-not-actually-ours dept.

butthurt writes:

Bloomberg reports that Nintendo's stock price fell by 18%, the maximum amount permitted in one day on the Tokyo stock exchange. The decrease occurred after the company issued guidance that the popular game Pokémon Go should not be expected to bring in much revenue for the company. The game was created by Niantic Inc., of which Nintendo has partial ownership. Nintendo's stock had "almost doubled" since its release.

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  • (Score: 2) by FatPhil on Tuesday July 26 2016, @06:37AM

    by FatPhil (863) <reversethis-{if.fdsa} {ta} {tnelyos-cp}> on Tuesday July 26 2016, @06:37AM (#380211) Homepage
    Yeah, I hate to recommend a Moore movie, as he's a pretty dreadful documentary maker, but his 2009 film /Capitalism: A Love Story/ was actually quite interesting. He was making a movie with a slightly different bent, but the crash gave him pause, and made him redirect his efforts to the corporatism that runs the government no matter which of the two parties is nominally in power.
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