Nintendo Shares Plummet After Investors Realize It Doesn’t Make Pokémon Go

Sam Byford:

It appears that Nintendo’s huge stock bump, which took the company past Sony in market capitalization, was fueled by investors with the misguided belief that Pokémon is wholly a Nintendo creation. Nothing that Nintendo said in its announcement on Friday was new information — there isn’t a Nintendo logo to be found anywhere within Pokémon Go itself, and the status of the game’s ownership has been clear since it was announced last year.

Sometimes I wonder if these guys have any clue what they’re doing.