The New York Post wins the Misleading Headline of the Week contest with this doozy.
Nintendo shares plummet on fears Pokémon GO is worthless
It’s true the stock did drop 18% but only after an initial run-up of 122% after the wildly successful Pokemon Go game was introduced.
It’s a very natural bubble. People saw the company release a popular game and hoped to buy shares while the price was low and then sell them later at a profit. It’s the way the market works. Perception is often as important as reality, at least in the short term.
Nintendo as a company has been suffering in recent years and purchasing the stock is a risk. This article is, in my opinion, more bashing of Pokemon Go by authority figures who fear the game is destroying the social boundaries they rely so heavily upon.
Well done, New York Post. Winner!
Sword and Sorcery fantasy with a Libertarian Ideology
Current Release: The Gray Horn
Next Release: For the Gray