Nintendo’s stock price doubled when Pokemon Go was released, and then dropped by a third.
Why?
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6 thoughts on “Interesting Question of the Day – 19 June 2017”
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Because somebody actually caught one?
That would explain it, but it was another reason.
Everyone downloaded it and bought features to win and catch more pokemon go which made it popular and therefore stock to rise. It dropped because it was broadcasted that it could locate where you were due to your GPS which made people concerned about privacy and also because just like a phase people got over it after a while when a new product comes out
Actually there was another reason (a sillier reason) why the stock price dropped.
Because the Nintendo announced that they didn’t actually have anything to do with pokemon go. the pokemon company and niantic were the 2 companies involved in creating and licensing.
My understanding was that it had a minority stake. But large numbers of people tend to act in ways that lead to runaway enthusiasm or panic.