Retired Nintendo President Hiroshi Yamauchi loses $500M

Discussion in 'User Submitted News' started by Feels Good Man, Jul 29, 2011.

  1. Feels Good Man
    OP

    Member Feels Good Man GBAtemp Advanced Maniac

    Joined:
    Apr 15, 2007
    Messages:
    1,643
    Country:
    Canada
    http://www.bloomberg.com/news/2011-07-29/n...e-in-stock.html
     


  2. Nathan Drake

    Member Nathan Drake Obligations fulfilled, now I depart.

    Joined:
    Jan 2, 2011
    Messages:
    6,192
    Country:
    Antarctica
    Why do we care? All I got out of this is "rich Japanese guy is slightly less rich."
     
  3. DeMoN

    Member DeMoN GBAtemp Guru

    Joined:
    May 12, 2004
    Messages:
    7,647
    Country:
    United States
    Well to be fair not many stocks are doing well in this economy.
     
  4. 1234turtles

    Member 1234turtles GBAtemp Advanced Fan

    Joined:
    Jan 1, 2011
    Messages:
    717
    Country:
    United States
    could this affect nintendo very badly?
     
  5. Nathan Drake

    Member Nathan Drake Obligations fulfilled, now I depart.

    Joined:
    Jan 2, 2011
    Messages:
    6,192
    Country:
    Antarctica
    This doesn't affect anything. Seriously, it's just one dude with Nintendo shares being less rich. It doesn't matter for anybody except him.
     
  6. Narayan

    Member Narayan desu~

    Joined:
    Sep 29, 2010
    Messages:
    2,921
    Country:
    Philippines
    i wish he could share his money.
     
  7. phantastic91

    Member phantastic91 GBAtemp Advanced Fan

    Joined:
    Sep 25, 2006
    Messages:
    501
    Location:
    California
    Country:
    United States

    i dont know....i can see him walking back into his ex-office at nintendo headquarters and giving iwata a spanking. =[


    anyways, it could potentially matter since people may see this as a bad sign and even sell more stocks.
     
  8. Nathan Drake

    Member Nathan Drake Obligations fulfilled, now I depart.

    Joined:
    Jan 2, 2011
    Messages:
    6,192
    Country:
    Antarctica
    The stocks went down in value earlier today, as noted by a previous USN article. Predictably, the guy with an ass ton of stock would have less money. People with less stock just lost less money. It isn't like he is the only shareholder affected by this. It's how the stock market works and is a noted risk when you invest in stock.

    Pouring importance into something that doesn't have any ftw?
     
  9. Rayder

    Former Staff Rayder Mostly lurking lately....

    Joined:
    Jan 14, 2007
    Messages:
    6,613
    Location:
    USA
    Country:
    United States
  10. Nathan Drake

    Member Nathan Drake Obligations fulfilled, now I depart.

    Joined:
    Jan 2, 2011
    Messages:
    6,192
    Country:
    Antarctica
    He did great stuff, yes. In the long run though, this is just him being less rich. It affects nobody but him. It isn't important in any sense to anybody that isn't him or isn't directly affected by his money.
     
  11. Midna

    Banned Midna Banned

    Joined:
    Apr 13, 2008
    Messages:
    3,336
    Country:
    Albania
    >The value of Nintendo's stock drop
    >The stocks of a man who has a lot of Nintendo's stocks drops
    > Everyone is surprised
     
  12. RupeeClock

    Member RupeeClock Colors 3D Snivy!

    Joined:
    May 15, 2008
    Messages:
    6,307
    Country:
    United Kingdom
    Yamauchi has been described as a very hard to approach person, not even too familiar with the nature of the products he was manufacturing at Nintendo, and not the least bit interested in the baseball team that he owns.

    He's strictly a business man, even after leaving Nintendo.
     
  13. Rayder

    Former Staff Rayder Mostly lurking lately....

    Joined:
    Jan 14, 2007
    Messages:
    6,613
    Location:
    USA
    Country:
    United States
    So, in other words, he's out of touch with the current generation? I can relate.
     
  14. RupeeClock

    Member RupeeClock Colors 3D Snivy!

    Joined:
    May 15, 2008
    Messages:
    6,307
    Country:
    United Kingdom
    He was out of touch a couple generations ago.
    BBC made a documentary about Nintendo a few years back, featuring parts about former president Yamauchi.
    But the documentary was kept on Google Video, which has pretty much shut down now.
     
  15. SamAsh07

    Member SamAsh07 GBAtemp Addict

    Joined:
    Jan 27, 2009
    Messages:
    2,693
    Location:
    Bahrain
    Country:
    Bahrain
    $500m is nothing for that guy, why is this section filled with Nintendo news?? Lol.
     
  16. chartube12

    Member chartube12 GBAtemp Addict

    Joined:
    Mar 3, 2010
    Messages:
    2,729
    Country:
    United States

    Did you miss the title of this website? LOL
     
  17. Blaze163

    Member Blaze163 The White Phoenix's purifying flame.

    Joined:
    Nov 19, 2008
    Messages:
    3,767
    Location:
    Coventry, UK
    Country:
    United Kingdom
    Why is it every time somebody loses 500 million dollars I'm not the one that finds it [​IMG]
     
  18. koimayeul

    Member koimayeul GBAtemp Maniac

    Joined:
    Dec 2, 2009
    Messages:
    1,339
    Location:
    France
    Country:
    France
    the awkward moment when the radio plays "you had a bad day" while hes drivin his way home
     
  19. geminisama

    Member geminisama Metsu

    Joined:
    Jul 17, 2008
    Messages:
    1,045
    Location:
    Oregon
    Country:
    United States
    Oh no, a filthy rich man is just a tad less filthy rich. The poor, poor soul.
     
  20. MEGAMANTROTSKY

    Member MEGAMANTROTSKY GBAtemp Fan

    Joined:
    Jun 24, 2010
    Messages:
    464
    Country:
    United States
    I'd better go find a handkerchief so I can wipe away all of my crocodile tears.
     

Share This Page