Pokémon Go Boosts Nintendo (NTDOY) Stock, but Controversy Surrounds App

While the recent release of 'Pokémon Go' has bolstered Nintendo (NTDOY) stock, the game has lead to some controversial events, CNBC is reporting.
By Giovanni Bruno ,

NEW YORK (TheStreet) -- Shares of Nintendo (NTDOY) are higher by 38.69% to $28.75 on Monday morning, primarily due to the success of the recently released app "Pokemon Go." The app has gone viral, accumulating more users than both Twitter (TWTR), and Tinder on Android devices, Joe Kernen reported on CNBC's "Squawk Box."

"Pokemon Go" is an augmented reality game, which allows the user real-world engagement while playing. The app allows users to navigate through cities, towns, or neighborhoods in pursuit of Pokemon they interactively capture. "Pokemon Go" does warn players to be cautious of their environments while playing. "Pokemon Go" is a single or multiplayer game that was released on July 6, 2016, and is available on iPhone (AAPL) and Android devices.

Nintendo is traded on the Tokyo Stock Exchange (TYO) and closed higher by 24.52% today. 

"Pokemon Go" has added $7.5 billion to Nintendo's market cap, Fortune reports.

Despite its recent success, however, "Pokemon Go" has been the bearer of some controversy. On Sunday, teens in Missouri playing the game were lured to a parking lot by way of thieves manipulating the game. The robbers posted the location of a Pokemon in said lot and proceeded to rob the teenagers at gunpoint, CNBC added.

Other events such as luring users to hazardous locations, people ending up in hospitals, and even one instance where a gamer was lead to the locationof a deceased body in Wyoming have occurred, The Guardian reported.

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