For a game that isn’t even technically a Nintendo property, Pokémon Go is having quite the healthy impact on the Japanese company’s finances. Ever since the launch of Pokémon Go earlier this month, Nintendo’s market capitalization has more than doubled, ending Tuesday trading at a fantastic $42.5 billion. Such has been the appetite for Nintendo stock, in fact, that on Friday it broke the single-day trading record in Tokyo this century, with $4.5 billion of stock changing hands.
Eurogamer has a nice breakdown of why investors are buying up Nintendo in spite of it standing to benefit from Pokémon Go only indirectly. The Japanese gaming giant has another feather in its cap with the recent announcement of a mini NES that was received with absolute joy and adulation. Basically, Nintendo can do no wrong right now, and since stock markets are all about perception, its share price keeps climbing as a result. The latest uptick in Nintendo’s market cap also sees it bypass Sony — all of Sony, which has a market cap closer to $40 billion — which is a position it’s not enjoyed since way back in 2014.
Nintendo is not alone in feeling the benefits of Pokémon Go’s imperious rise. McDonald’s has started selling Pokémon-themed Happy Meals in Japan, which has promptly led to a bump in sales and a corresponding increase in its stock price as well. Where pokémon go, money follows.
Google is now officially taking on Twitch. As rumored, the company today announced YouTube Gaming, an app and dedicated website designed to be a home for all its gaming video both live-streamed and on demand. YouTube Gaming will launch this summer starting in the US and UK.
Google is positioning YouTube Gaming as a separate experience from the rest of YouTube; according to the announcement post, “you can search with confidence, knowing that typing ‘call’ will show you ‘Call of Duty’ and not ‘Call Me Maybe'” (for the record, I’m seeing three Call of Duty suggestions ahead of “Call Me Maybe”). More than 25,000 games will reportedly have their own landing pages for related videos in addition to channels from game companies and YouTube content creators. It doesn’t seem to be, however, an altogether separate platform — all the videos we’re seeing today exist on YouTube proper as well.
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Congratulations! You’ve created a sensation! You’re at the top of the charts! You’re making bank! …does it really matter that you cheated?
Move over, Google Glass. Facebook announced on Tuesday it will acquire Oculus VR, maker of the Oculus Rift virtual reality headset, for $2 billion. The purchase includes $400 million in cash, 23.1 million shares of Facebook common stock, and a $300 million earn-out in cash and stock based on future performance. Read full article here