There's no doubt that Pokemon GO is making a lot of money, but those who heavily invested into Nintendo (doubling the company's market capitalization in roughly two weeks) started dumping their shares today once Nintendo released a statement which spelled out its relationship with the mobile app. So far, Nintendo's valuation has dropped $6.4 billion in a single day.
Nintendo only owns 33% of The Pokemon Company and said company contracted Niantic Labs to develop the game. No information is available regarding how much cash Niantic Labs is keeping for itself, but it's likely a lot more than what investors thought Nintendo would be pulling in due to the game's massive success.
Nintendo only owns 33% of The Pokemon Company and said company contracted Niantic Labs to develop the game. No information is available regarding how much cash Niantic Labs is keeping for itself, but it's likely a lot more than what investors thought Nintendo would be pulling in due to the game's massive success.
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