Retired Nintendo President Hiroshi Yamauchi loses $500M

[Arm73]

I think there is another issue here at hand.
I couldn't care less if the guy lost a few millions here and made a few more off some other shares.
What I am concerned of, is why Nintendo shares are dropping so much ?
There could be many reasons, but in the end, if the company as a whole looses too much value, less people will invest money in it and finally us, the users, could get affected.

I think I'll turn this question over at Pach Attack, that Pachter guy might fall at predictions but surely knows a lot about stock market !

 

[Sir Spanky]

He donated the majority of the 7.5 billion yen used to build a new cancer treatment center in Kyoto.[3]

Sounds like a decent chap!

 

[jalaneme]

Oh no, a filthy rich man is just a tad less filthy rich. The poor, poor soul.

QUOTE(MEGAMANTROTSKY @ Jul 29 2011, 01:59 PM) I'd better go find a handkerchief so I can wipe away all of my crocodile tears.

i loled so hard reading it XD +1

 

[Wintrale]

So Nintendo's stock lost £3.3 billion in value (practically) overnight? Geeze, that's terrible. But it's okay, everything's fine. Even now, it seems like the stock is going back up in value (2.57% since 10AM this morning).