Nintendo Rises After Buying Stake in Web Company Dwango

Discussion in 'User Submitted News' started by OriginalHamster, Nov 15, 2013.

  1. OriginalHamster
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    OriginalHamster UStealthy

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    Nintendo Co. jumped to the highest since August after buying a stake in Dwango Co., a company that provides content through mobile phones.
    The stock rose as much as 5.2 percent to 13,070 yen as of the 11:30 a.m. trading break in Tokyo. Dwango shares surged as much as 21 percent after the video game company bought 612,200 Dwango shares, according to a statement filed with the Tokyo Stock Exchange today.
    Nintendo isn’t planning to distribute games through Dwango’s video delivery system Niconico, Nintendo spokesman Yasuhiro Minagawa said. Nintendo currently promotes its games through the system, he said.

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    It could sound confusing for most people, but Dwango owns NicoNico video, which is esencialy Japan's Youtube.

    Now Nintendo is the 10th top shareholder for Dwango.
     
  2. Bobbyloujo

    Bobbyloujo I am a millipede, I am amazing.

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    Dang. Wish I had invested in those Nintendo and Dwango.
     
  3. Gahars

    Gahars Bakayaro Banzai

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    Considering how volatile and flighty the stock market is, I don't think stuff like this is really worth posting. If we posted every single solitary bump and dip, we'd go from GBAtemp to The Wail Street Journal in no time flat.
     
  4. calmwaters

    calmwaters Cat's best friend

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    That's awesome. Nintendo is taking strides to increase their profit. Jeez, I wonder if other companies are taking strides to increase their profit. :unsure:
    Dude, you... you... *sniff sniff* double posted :( You're still cool, though :)
     
  5. Bobbyloujo

    Bobbyloujo I am a millipede, I am amazing.

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    Aw crap. The internet in my dorm glitched out on me and I thought the first one didn't go through.
     
  6. cdoty

    cdoty GBAtemp Fan

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    In other news, Nintendo discovers users play games on their mobile devices, other than the DS/3DS.
     
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  7. calmwaters

    calmwaters Cat's best friend

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    Hehe, it happens. I had it happen before and it wasn't fun. Yeah, no shit. I'll stop here before I start rambling.
     
  8. OriginalHamster
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    OriginalHamster UStealthy

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    The interesting bit was Dwango investment, not the stock bump though.
     
  9. The Real Jdbye

    The Real Jdbye Always Remember 30/07/08

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    I think Niconico should be mentioned in the topic title, as that takes it from "noname company" to something almost everyone has heard of.
    Anyway, that's cool I guess. Hardly news, but interesting nonetheless.
     
  10. calmwaters

    calmwaters Cat's best friend

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    I thought you wrote Nicotine; sorry. This's my last spam message in this thread, too.
     
  11. Gahars

    Gahars Bakayaro Banzai

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    Then the title and text should reflect that. As the topic stands, it's a lot more Wall Street than Dwango Unchained.

    (Also, don't forget to link to the original source of this information.)

    Let's not get ahead of ourselves here...
     
  12. Hyro-Sama

    Hyro-Sama I'm from the fucking future.

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    So...

    Nintendo isn't Nintendoom'd anymore?
     
  13. The Real Jdbye

    The Real Jdbye Always Remember 30/07/08

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    That is, people familiar with the internet. It's hard not to have heard about it if you frequent message boards, chat rooms and such.
    At least in gaming communities.
     
  14. grossaffe

    grossaffe GBAtemp Addict

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    Count me in as someone unfamiliar.
     
  15. Gahars

    Gahars Bakayaro Banzai

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    And here we see the effects of a closed feedback loop.

    Outside of a very small, niche selection of people (aka weebs), most people outside of Japan aren't going to be aware of or care about a Japanese competitor to Youtube; they already have Youtube. In general, people outside of Japan aren't going to be aware of or care about Japanese websites because they're not, you know, Japanese.

    If you talk only to people within your niche, then sure, it's going to seem like everyone is in the know. Peek your head out, however, and you'll see that it's just not the case. Hell, even on GBAtemp, a site that's pretty friendly to the Weeb-inclined, I guarantee you most people will not be familiar with QuicoRico SicoChico LicoDico NicoNico. You need a little self-awareness about these sorts of things.
     
  16. Veho

    Veho The man who cried "Ni".

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    Closed positive feedback loop. :teach:
     
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