In case you somehow missed the original announcement, it's been revealed Reggie Fils-Aimé is stepping down from his role at Nintendo of America as President and COO after almost 13 years, with the appropriately named Doug Bowser taking his place.
Despite it being an end of an era, it's still technically business as usual for company. Shack News couldn't help but notice how exactly one hour before the big announcement, Nintendo's stock actually increased by 4%, with nearly 300,000 shares trading hands within the space of 15 minutes. Take a look below:
There were no other major announcements before the news about Reggie's retirement and Doug's appointment, so it is rather odd to see a sudden surge when Nintendo's stock has been underperforming on the broader market for more than a year now.
What do you make of this? Tell us down in the comments.
[source shacknews.com]
Comments 55
@TossedLlama pretty sure it's japan holding the game back
Perhaps....and this is just me .....perhaps investors didn't view positively on Reggie like the gaming community did. The new president of NOJ seems to be more of breed the investors want instead of an Iwata/Reggie type.
The rise was not a positive reaction to Reggie's retirement but to Nintendo of America being led by Bowser.
@Nintendofan83
Could have something there.
Investors hate greatness.
Investors view Reggie in the same way gamers do, @Nintendofan83 (I am one). They also view great sales guys and characters like Reggie and Iwata as a plus in that they are perfect representations of what makes Nintendo unique from its competition — where Microsoft and Sony do serious tech presentations with serious industry talk, Nintendo does the same thing but also entertains. It would be a disappointment to see yet another bald sociopath company man in the technology industry take on a role so well-executed by men like Reggie Fils-Aime. Hoping to see Doug Bowser bring a fresh but familiar take on the positive fun image Nintendo and Reggie have cultivated.
Investors don't know jack about gaming. I have found that rarely if ever do their opinions reflect that of the community. That is because they don't care about gaming, it's just another thing to buy and sell to them.
Further, investors, being connected to the financial industry mean that, by default I despise them. I am biased against them, and proud of it.
I tend not to take much notice of stock shares and investors.
I remember when the Switch was first announced Nintendos stock value fell off a cliff if I remember rightly.
Look how that worked out.....
It was probably Nintendo buying back stock to give Reggie a retirement present.
@Heavyarms55 Don't worry, you'll grow up one day.
The comment that irks me “Investors hate greatness”....he was just a dude who was kinda creepy to look at, that was doing what he was meant to do, sell Nintendo products. He wasn’t great. Now stop giving him the reach around and let’s get on with this retirement already
I have an idea why but if I said it I would be called a troll by other users.
Maybe they don't care as much about memes
@Tasuki Say it, you have my protection
Something something @SLIGEACH_EIRE.
Insider trading alert.
I love financial stories on here, the comments section is always hilarious.
Bowser's Insider Trading!
Stock markets fluctuate. The end.
I think it means Nintendo Life post too many articles on fluctuations in the share price assuming a correlation that often isn't there
@Nintendofan83 Yah, I was thinking the same thing. He has been less visible in the last couple of years....
Let the conspiracy theories flood in then.
Isn't it funny that Damon Baker left Nintendo for EA and Bowser who worked at EA for 7 years replaced Reggie?
Nintendo is playing musical chair with EA... Nintendo must be striving for a future in mobile with loot boxes and micro transaction.
Insider trading?
Investors were all like, "Bowser will add more microtransactions in Nintendo games."
@steve_1978 I like that game: Bowser's Inside Trading.
It was simply the rumoured buyback that Nintendo officially announced today. There were murmurs of it earlier.
Nothing NoA related whatsoever
In all honesty, I still can't stop thinking about his goodbye message. It was just that good.
For all his faults and executive BS I will miss Reggie. There I said it and now I can move on. Back to Tetris99
@beazlen1 he seems like a decent guy. but let’s be honest. He only ever towed the corporate line coming from Kyoto
@MysticGengar yeh his message got to me as well. It’s a nice thing to do for us gamers. Let’s hope Bowser and his Koopalings know what they’re doing!
Investors were probably tipped off by sources that "there's big news coming out of Nintendo later today!" and started buying up shares.
@mgnoodle agreed. He only ever towed the corporate BS because that’s all he could do. NOJ would have been down on him like a ton of Tetriminos if he actually spoke his mind. I respect him for that. Plus he was quite funny at times and seems a decent guy. I secretly want him as my uncle. You know the uncle that has all the toys and gadgets.
@beazlen1 I agree. He looked fed of saying “we hear what our fans want” when really he thinking “FFS Just give them native voice chat”. Lol.
I’m glad it’s not the other kind of uncle. Hahaha
These might have something to do? Not sure about the timing...
https://www.nintendo.co.jp/ir/pdf/2019/190222_3e.pdf
https://www.nintendo.co.jp/ir/pdf/2019/190222_2e.pdf
@RickD Agreed. I’m not sure how it could be anything but Reggie selling his shares. If it had happened AFTER the announcement - then maybe it’d be something else.
Reggie sells shares on the way out. Someone, maybe Nintendo, buys them.
Correlation is not causation.
@Majora101 well Bowser apparently oit's from marketing which would place him roughly in the same category than Reggie who came from sales of I recall well ^^;
More likely to be for reasons of optimism about Bowser and Nintendo's future in general than anything to do with a dislike of Reggie.
Sure, some unenducated investors buying in at this point might hold the idea that Reggie is to blame for the Wii U's poor performance, but this is unlikely to cause any noticable spike by itself, as 4% is well within boundaries of ordinary daily fluctuation.
I'm filing this under "coincidence" until further notice.
Unless Bowser secretly controls the stock market as well?
@AlexSora89 Haven't seen that name in awhile, he just kind of disappeared, not that I miss some of his comments...
@dougphisig
I guess being in Team Port after Ultimate's reveal did a number on him.
Well, nice to see he's alright, albeit elsewhere.
@Blitzenexx
One thing that Reggie was a bit notorious for in my eyes was very underwhelming announcements. Perhaps the investors think that him retiring is a good thing that opens the door to someone who isn’t so prone to holding their cards so close to the chest. The Cranky Kong announcement is one particular example and honestly I think Nintendo dropped the ball at the game awards with their Joker reveal. Nintendo should start to get people more hyped for the product with some exciting announcements instead of the buzz followed by disappointment all the time.
Whoever thinks that Nintendo investors are some corporate nutjobs that only care about graphs is fooling themselves so badly... That or is too young to understand investors. You don't get to become an investor of Nintendo if you are not passionate about gaming.
So. It seems no one has made the connection that the rumors again for Xbox Gamepass coming to the Switch started up the day before? Stock prices connected to the President leaving can't rise BEFORE he announces it. Unless investors get told an hour before everyone else. But I think its the Gamepass rumors honestly.
@AlexSora89 I KNEW it!
@Heavyarms55 Successful investors not only know the products, market, supply chains but also are passionate about the products and services too. It’s not all about men in suits with briefcases and false smiles trying to make quick money, but those shady characters play an important part too in the process that turns ideas into the virtual worlds that have enhanced our lives over the years. You seem angry without adequate appreciation of the whole picture - and I get that, it’s almost soothing to rage at ‘the machine’ and all it’s ethically dubious qualities. But if you disagree, you’re free to just play games that were made at indie jams and released by the devs themselves. Furthermore, if you despise financial services that much, you probably should consider not having a bank account, using credit agreements and so forth. Money isn’t the root of evil, people are, whether they’re rich or poor. I don’t invest, by the way.
@idtgatt Trust me, if it were possible to live in today's society without cooperating with the financial industry via having a bank account and credit, I would. But you can't do that and still function in society. There's plenty in life that we don't like but simply have to put up with.
Stocks always rise for successful company during a BIG WIG retirement because of anticipation of New Leadership. That is a given and for one to not know this should go back to Business 101 intro. But this is the general rule that works for successful companies only. Those that are Swamp won't matter on these metrics.
Reggie signing off before Bowser takes over. Good idea!
@idtgatt you clearly have no understanding of the corrupted system to enrich themselves at expense of taxpayers. You don't get to drive on the roads or trans without some kinda of payment forward. If so tell me how you will do that without any money? First off get rid of Corporate Welfare tax and Tax Loopholes - put Congress MOBster into jail and everyone pay their fair share and then we can talk. If you can't do that don't talk about how you know the root of the problem when you don't.
@SwitchForce Wow. Why don’t you yell at the sky too? I’m sorry buddy, I can’t fix the world problems or tell everyone how to be nice and play fair, but I can tell you that all that gaming tech you enjoy... you wouldn’t have it without investors, big corporations, board room meetings where living people are referred to as consumers. Not sure how you’ve leapt from this... to ^^that... but good luck out there.
@Blitzenexx
It's always the ones you suspect the least.
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