Saudi Arabia’s Public Investment Fund (PIF) trimmed its holding in Nintendo Co., a day after reports that a senior executive at the kingdom’s mammoth sovereign wealth fund said it was considering upping its stake.
The PIF reduced its stakehold in the Japanese video game giant to 7.54% from 8.58% previously, according to a Japanese regulatory filing.
by ladymysticalwmn
19 Comments
Great news.
sounds like a pump and dump
Awesome.
Finally some good fucking ~~food~~ news
We did it….Reddit?
Insert Yay Turtle meme picture.
Man all that freaking out over nothing. How typical.
Good
Good. Fuck them
“Good news” Nah
This is just pump and dumb that the rich use to the rich get richer.
It low-key manipulates the stock market, said shit that will going to increase price and then sell at high value.
Clearly they saw how reddit user u/SuperMarioLogang2011 make a Reddit post about how he wasn’t going to buy a Switch 2 and went “well shit, we can’t have that”
Even if they did buy up more shares it may not make a difference. The Saudis bought SNK in 2022, I don’t think they’ve done anything to the content. Like most investors they just want to make money.
This is a pump and dump scheme
Illegal market manipulation? In my Saudi Arabia? No way
A 1% decrease is not a pump and dump yall aksjsjjssp
Everyone says pump and dump, but it’s more like Saudi doesn’t have as much control over Japanese companies as they’d like, especially Nintendo. It’s not like American companies that they can fully influence.
good riddance.
Good. Stick to oil lol
Didn’t they do 9/11?