Nintendo Loses Market Value from Pokémon Go
It might have been safe to assume that Nintendo’s revenue has soared since the launch of Pokémon Go. Oh, but this is so not the case. In fact, come to find out Nintendo only owns 32% of the Pokémon Company. This came as a shock to investors and the news led them to frantically start selling their shares, causing Nintendo’s stock price to fall 18% (the max the Tokyo exchange will allow to drop within a day). This wiped $6.7 billion off of their market value. This is the biggest plunge Nintendo has taken since 1990. However, the company is still not hurting that bad since their stock price is still 65% higher than prior to the Pokémon Go launch. Not to mention it’s been forecasted that their quarterly earnings are expected to be higher than last year’s. They’re already working on the release of their own Pokémon Go Plus, and the Nintendo NX is expected to launch in March 2017. What a rough life. (Source: Mashable)
DNC Chair Caught in Bernie Plot
The chair of the Democratic National Committee, Debbie Wasserman Schultz, is stepping down after a leak of DNC emails. The emails clearly outline Schultz’ favoritism towards Hillary Clinton and a plot against Bernie Sanders. With thousands of convention credentials, Schultz believes the only way to help secure the Democratic Party in the November election is to step down. And don’t worry, because everyone has had something to say on the matter. Hillary’s campaign is blaming the Russians for the leaked emails, which were released by WikiLeaks. They claim the Russian government is trying to help Donald Trump win the election. Donald denies his ties with the Russians and later tweeted, “Sorry folks, but Bernie Sanders is exhausted, just can’t go on any longer. He is trying to dismiss the new emails and DNC disrespect. Sad!” Sanders claims this whole mess is no surprise; he’s been onto the DNC and their biases for quite some time. And others are saying Bernie might be an atheist. Whoah Nelly, everyone needs a dose of our #1 Bestseller: What Happens in Vegas Stays on YouTube – especially you Debbie, get it together woman. (Source: The Guardian)
Yahoo Accepts Verizon’s $4.8 Billion Bid
The sale process for Yahoo has been going on for quite some time, but the winning bidder is Verizon – while AT&T, Warren Buffet, The Daily Mail… all lose this match. Verizon is buying Yahoo for $4.8 billion. Gone are the days when Yahoo was a $125 billion monster…until Google came along. And once mobile browsing and apps rolled out, the company started degrading even more. Current shareholders are expected to stay on board in Alibaba and Yahoo Japan, which will soon become a publicly traded company. What about Marissa Mayer? Well, whatever she does we can all agree Mayer will be livin’ the high life. The New York Times has speculated she’ll receive a severance package worth $57 million and stock worth $218 million. Mayer claims she’s planning to stay, but no word yet on who will lead Yahoo once the deal is final. (Source: TechCrunch)
