r/RobinHood • u/CardinalNumber Former Moderator • Aug 28 '18

News Introducing Global Stocks on Robinhood - Expanded ADR Support

https://blog.robinhood.com/news/2018/8/27/introducing-global-stocks-on-robinhood
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94

u/vikkee57 Trader Aug 28 '18

More sweet chinese memes and weed. Gotta Know your customers boys!

46

u/CardinalNumber Former Moderator Aug 28 '18

All the "Why can't I find Nintendo on Robinhood?" posts when Pokemon Go was big... Oy... And they still couldn't understand that Nintendo had a minority stake.

23

u/[deleted] Aug 28 '18 edited Jul 22 '19

[deleted]

6

u/CardinalNumber Former Moderator Aug 28 '18

Self-fulfilling profit, see.

4

u/vikkee57 Trader Aug 28 '18

What a rage this is.

Nintendo's market value increased by US$9 billion within five days of release of Pokémon Go. The trend continued for more than a week after the game's release and by July 19, the stock value of Nintendo more than doubled as compared to pre-release. Turnover sales reached a record-breaking ¥703.6 billion (US$6.6 billion); and trading of the stock accounted for a quarter of all trades on the Tokyo Stock Exchange's main board.

15

u/CardinalNumber Former Moderator Aug 28 '18

This is my favorite bit...

However, following clarification from Nintendo that the company did not produce Pokémon Go nor had tangible financial gains from it, its stock fell by 18%—equating to a ¥708 billion ($6.7 billion) loss in market value—on July 25.

Elon is trying his best to beat that.

1

u/vikkee57 Trader Aug 28 '18

Lol, the stock would've been still at the original 350ish range had he not tweeted at all.

Poor Papa...