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Korean Companies Fined $950,000 Over Loot Boxes
Comments
Unless you are a stock holder.
Nexon traded at 1674.00 (JPY) on the Tokyo Stock Exchange for Apr 10 -6 (-0.36%), relatively flat. Probably bolstered by reassuring news in other parts of the world and the tech industry.
In the 1 year range, Nexon traded at a low of 833.50 (JPY) April of last year and a high of 2005.00 (JPY) February this year. Over the last 5 years, Nexon has been trading at its highest levels.
On the Frankfurt Stock exchange, Nexon fell 1.4% to 12.47 (EUR) Apr 10. 1 year trend was 7.10 (EUR) low last year and 15.34 (EUR) high this March.
Nexon has no trades in the US. Last trade was Mar 19 when it fell to 16.25 (USD) it's lowest 1 year level. High was 35.09 (USD) in January. Nexon has a very low volume of stocks in the US.
When Wednesday markets open in 3-4 hrs. maybe we'll see if these fines will have an impact.
Nexon does not trade on S Korea's KOSPI.
Or if Nexon K goes down nuclear route B of 'eh I won't change anything', they probably won't be able to stay afloat forever should the FTC continue to pursue them. Another (horrid) choice.
Realistically they'll just alter a few rates to "look more fair" and the FTC will call it good enough, and this entire thing'll be forgotten in a few months, or at least until the next EA-scale loot box incident rocks the entire industry into looking at itself again.
So pretty much Mabi rates.