Since Pokemon Go was released, Nintendo has been all up in that money. With a century-record under their belt, it's safe to say the executives at Nintendo were rolling in the dough...that is, until investors realized that Nintendo themselves didn't make Pokemon Go.

The Stock dropped a whopping 18%, resulting in a loss of $6.7 billion market value for Nintendo after their record breaking $4.5 billion surge on Friday. The stock dropped after announcing their 13% "economic stake" for the app itself.

Source

 

[BORTZ]

So nintendo had no hand in this at all?

 

[Tom Bombadildo]

So nintendo had no hand in this at all?

Well no, Nintendo had very little to do with the app outside licensing Pokemon to Niantic. Niantic are the ones made the app itself and (AFAIK) makes the "most" off of it.

 

[KingAsix]

I mean technically Ninantic (probably butchered that) developed it, right?

 

[Psionic Roshambo]

If the numbers are correct from what I have been reading Nintendo will still make a billion or two from Go over the next 2 years (assuming it doesn't fizzle)

Either way it's fun to watch.

 

[RevPokemon]

Either way Nintendo stock would of gone down eventually as fads like this die out. Pokémon Go shows how out of touch Nintendo is. Although I am shocked investors didn't even check out the facts before evaluating Nintendo stock.

--------------------- MERGED ---------------------------
Never mind

 

[DaniloLemes]

Saw this early this morning, looks like a Sensacionalist (https://www.facebook.com/sensacionalista/?fref=ts) thread.
They also said their only engagment in the mobile scene was with Miitomo.

 

[DiscostewSM]

Maybe I missed something, but I didn't see anywhere in the article that the drop was due to investors finding out Nintendo didn't make Pokemon Go.

 

[RevPokemon]

Saw this early this morning, looks like a Sensacionalist (https://www.facebook.com/sensacionalista/?fref=ts) thread.
They also said their only engagment in the mobile scene was with Miitomo.

Yes as that is with DeNA through a partnership

 

[DaniloLemes]

It could be comic if it was not tragic

 

[Fabax01]

Oof! Taken down!
STOCK? The money the INVESTORS dropped. It's here somewhere.

Spoiler

Edited Pokemon red script.

 

[sarkwalvein]

AFAIK, Nintendo is one of the shareholders of Niantic anyways. So to some extent, Niantic belongs to Nintendo, Google and some others*.

 

[RevPokemon]

AFAIK, Nintendo is one of the shareholders of Niantic anyways. So to some extent, Niantic belongs to Nintendo, Google and some others*.

Yeah but they still own alot less then what investors thought

 

[Deleted-379826]

All I can say is: LOL

 

[dreary79]

The Pokemon license will increase in value so much from Go that there stocks may not continue to drop. Even if they do they should go back up again. Between deals with chains like McDonald, toys, video games, collectable cards, clothing and other collectables Nintendo is going to make a lot of money on the Pokemon license. Hopefully they don't screw this up like they did with the Wii U.

 

[McHaggis]

AFAIK, Nintendo is one of the shareholders of Niantic anyways. So to some extent, Niantic belongs to Nintendo, Google and some others*.

Google, Nintendo and The Pokémon Company (also partly owned by Nintendo) invested into Niantic, along with smaller amounts by venture capitalists.

 

[Bladexdsl]

investors realized "wait a minute those are the guys that did the wiiu quick sell!"

 

[nolimits59]

Yeah, because Nintendo NEVER suppervised or validated or given any directives about the game, OF COURSE Nintendo is not involved AT ALL an don't own any part of Pokemon compagny, game freaks, or Niantic... yeah... Nintendo didn't made anything of pokemon go... yeah... damn how stupid it sound when you say it ! x)

 

[vayanui8]

I was surprised when I heard it was Nintendo's stocks that rose from this, I suppose it makes alot more sense now

 

[tech3475]

I was surprised when I heard it was Nintendo's stocks that rose from this, I suppose it makes alot more sense now

Investors saw it was popular and thought popular == profit, Ive heard allot of investment is also handled by computers now which doesnt help.

It was just a matter of time before something happened to cause the shares to decline.