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Nintendo Stock Price Drops on Pokémon Go Guidance

Accepted submission by butthurt at 2016-07-25 22:16:39
Business

Bloomberg reports [bloomberg.com] 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. [wikipedia.org], of which Nintendo has partial ownership. Nintendo's stock had "almost doubled" since its release.


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