Nintendo shares go parabolic as Pokemon Go takes over the world

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Pokémon Go is taking over the world

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This is good for Nintendo.

And in early trading in Tokyo on Monday, shares of Nintendo went absolutely parabolic, rising as much as 23%. Shares of Nintendo rose about 10% on Friday.

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investing.com

 

According to Bloomberg's David Ingles in Hong Kong, this is the best one-day move for the stock since 1983. 

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Pokémon Go is a new app from Nintendo that uses your phone's GPS to create a augmented reality world you traverse to catch Pokémon. 

This has lead to weird things happening to people in the real world trying to catch characters in a fake one.

Also possibly illegal things

You can read all of Business Insider's extensive Pokémon Go coverage here. 

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