Current Events > Saudi Arabia owns 8.26% of Nintendo stock

(+) Yeah! (+)

Saudi Arabia actually, unironically, no-bullshit kills people for being LGBT.

Consider carefully whether it makes sense to engage with someone claiming to be an "ally" who nonetheless cannot express a direct answer as to why they must still play Zelda and Fire Emblem. Particularly if they have a strong opinion on those who'd purchase Hogwarts Legacy, the profits of which are not nearly as directly tied to the murder and genocide of LGBT folk.

You may save yourself a lot of time by not dealing with a naked hypocrite.

but Nintendo different tho

It's-a me! Muhammado!

Nintendo is publicly traded. Literal anyone can buy stocks.

Also Japanese law prevents them from buying, if I remember correctly more than 10% since they aren't a Japanese company

Hoodroar posted...

Nintendo is publicly traded. Literal anyone can buy stocks.

Yeah, including the Saudis, who now own 8.26% of said stocks, and will profit from Nintendo profits, and use those profits to perpetuate their islamofascist nightmare state where being LGBT gets you killed.

I'm not sure what your point is. This is a SIGNIFICANTLY worse situation for LGBT folk than some royalties going to an old TERF lady who tweets like a jackass.

What are you suggesting TC

Now look up who owns GameFAQs

[LFAQs-redacted-quote]

I find it telling that "this is just a gotcha" has been the only response I've seen to this.

People can just admit they like Nintendo games too much to hold to this ideal over HogLog, it's fine.

[LFAQs-redacted-quote]

It literally wasn't even reported until after the HL controversy started. No one could have known.

Does the amount of people who know make it less bad though? Like, if a literal Nazi was making money off a game and 95% of people didn't know, would it make it okay to buy that game? If JK Rowling made a less popular book series, would buying games based in the universe strip less people of their LGBTQ cards?

Majority of the relevant publicly traded company are partially (no matter how small) owned by scumbag companies from countries that commit genocide, namely China. You will most likely be unable to do a whole lot in society if you truly choose to avoid them all. Probably a good place to start would be to stop having internet, which is why nitpicking who owns a publicly traded company, which is basically impossible to stop outside country laws, to parade around some moral superiority is silly, because most likely you won't even be able to post on forums like this.

There is a massively big difference between a publicly traded company having stocks owned by shitty countries vs. a theoretical game that has the series creator, who owns the series nearly in its entirety and a direct profit margin for most products made within the IP, directly using said fund to actively ruin the lives of people she doesn't approve of. If you can't understand this, you're probably a child, at least on the inside. Unfortunately, this site only looks at the physical age

legendarylemur posted...

There is a massively big difference between a publicly traded company having stocks owned by shitty countries vs. a theoretical game that has the series creator, who owns the series nearly in its entirety and a direct profit margin for most products made within the IP, directly using said fund to actively ruin the lives of people she doesn't approve of. If you can't understand this, you're probably a child, at least on the inside. Unfortunately, this site only looks at the physical age

right, things like cell phones and the internet are much more essential that a video game based on childrens fantasy from the 90s

boycat Nintendo

Seems like boycotting Nintendo should be a bigger goal for the lgbt community since Saudi literally executes lgbt folks but then you would have to have people who boycott for sincere reasons than just for virtue signaling reasons with whatever is the trend of the day

Miyamoto doesn't tweet anti-trans views on a daily basis. That's the difference.

It takes villainy loudly announcing itself before people react to it.

Ah makes sense, since Nintendo is a public traded company we cant blame them for some random homophobic country from buying ownership of the company, this is nowhere near the same scenario as with HGL. I change my stance, stop the boycott on Nintendo, its not their fault Saudis own 8% of their stock, Ill continue to buy their products even with Saudis making money off my purchase.

FortuneCookie posted...

Miyamoto doesn't tweet anti-trans views on a daily basis. That's the difference.

It takes villainy loudly announcing itself before people react to it.

But if we tanked Nintendo, Saudi Arabia would sell their shares and fuck off. Are we trying to cost transphobes money and send them a message or not?

How much stuff do you buy on a daily basis that ultimately goes into funding a bunch of heinous stuff?

legendarylemur posted...

Majority of the relevant publicly traded company are partially (no matter how small) owned by scumbag companies from countries that commit genocide, namely China. You will most likely be unable to do a whole lot in society if you truly choose to avoid them all. Probably a good place to start would be to stop having internet, which is why nitpicking who owns a publicly traded company, which is basically impossible to stop outside country laws, to parade around some moral superiority is silly, because most likely you won't even be able to post on forums like this.

There is a massively big difference between a publicly traded company having stocks owned by shitty countries vs. a theoretical game that has the series creator, who owns the series nearly in its entirety and a direct profit margin for most products made within the IP, directly using said fund to actively ruin the lives of people she doesn't approve of. If you can't understand this, you're probably a child, at least on the inside. Unfortunately, this site only looks at the physical age

Or this.

Better not have a smartphone or really, any electronic device, either.

Solar_Crimson posted...

Or this.

Better not have a smartphone or really, any electronic device, either.

I agree that shaming people for buying a video game is pants-on-head fucking stupid considering the entire global economy is evil.

FortuneCookie posted...

Miyamoto doesn't tweet anti-trans views on a daily basis. That's the difference.

It takes villainy loudly announcing itself before people react to it.

True, but it's still supporting a regime that murders gay people. Personally think that's objectively worse than some rich woman saying main things on twitter.

If JK Rowling bought 9% of Sony tomorrow, you know it would be a controversy.

Solar_Crimson posted...

How much stuff do you buy on a daily basis that ultimately goes into funding a bunch of heinous stuff?

People are just afraid to admit humans only do things out of convenience, rarely do they stay consistent to whatever principles they say they hold and follow the logic to its end. Its easy to boycott a game, its harder to boycott an entire economy the very back backbone of which is built on far more heinous stuff that what a video game was built on. people love to show how they fight for others because theyre such good people at heart, truth is zero shits are given about legitimate issues in this world because it would be too inconvenient for our lives to address them

Wtf are they gonna buy the whole thing

Still gonna play Nintendo tho long as Nintendo is made by Nintendo

Smackems posted...

Wtf are they gonna buy the whole thing

Still gonna play Nintendo tho long as Nintendo is made by Nintendo

A post mentioned foreign companies can't buy more than 10%.

Pretty much the entire entertainment industry funds shitty things worthy of boycott and people will make up all sorts of justifications for why their personal arbitrary line in the sand is an absolute moral lithmus test for other people.

Nobody is going to have 100% ethical consumption habits so it's silly to die on the hill of any one particular video game <_<

What this topic is really get to the heart of is that it's easy to boycott JK Rowling products, she one very rich bigot with a platform, she's foolish and easy to dislike, and her IP has produced exactly one game that isn't total shit, so easy to cut out. However, she's not that big of deal when you look at what Nintendo is, what Sony are doing, plus the countless other massive companies we rely on daily for entertainment or convenience. They do much worse stuff than JK Rowling could ever do, ever dream to do, but they're not so easy to boycott right? So JK Rowling is useful for these people to feel better about themselves.

Ok. If that's how it's gonna be then whatever. I still like my Nintendo games and I'm not going to boycott them because Saudi Arabia has some stock in the company.

If the LGBTQ community wants to stop what Saudi Arabia does. Let them all go that country as a united front and do something about. Don't be whining on the internet and curb other people's enjoyment.

Look at what people did during Jim Crow to gain civil rights, look at what the French and Russians did to their monarchies.

Kim_Seong-a posted...

Nobody is going to have 100% ethical consumption habits so it's silly to die on the hill of any one particular video game <_<

This is basically the short and long of this entire fiasco. Its one thing if you want to boycott a particular product or company for reasons that are near and dear to your heart, its another thing entirely to simultaneously judge everyone elses morality because theyre not boycotting with you or has a different take on it, especially considering no has a 100% ethical
consumption rate. You would think adults would understand such a basic distinction

Okay? What do you expect a publicly-traded company to do about it? They can't say no as only the government of Japan has the authority to stop foreign investment of companies at certain percentage thresholds under FEFTA.

https://www.youtube.com/watch?v=a--Cc3Kd_kE

The difference between JK Rowling & Saudi Arabia is that Rowling is ruining LGBTQIA2S+ lives.

Paragon21XX posted...

Okay? What do you expect a publicly-traded company to do about it? They can't say no as only the government of Japan has the authority to stop foreign investment of companies at certain percentage thresholds under FEFTA.

I'm just judging people that willingly fund Saudi's homophobic hate and murder tbh.

If anyone thinks JK Rowling is worse than Saudi Arabia in terms of trans rights and rights of various other groups, they need their head checked

I feel like this is the 10th time I've seen this topic on CE.

And I'll say the same thing again. If this, or their connections to WWE or anything else really bother you that much I really hope you're willing to live a plastic free life. Actually not only plastic, but anything that uses petroleum based products period. Not to mention all the other ventures they have invested in. You would literally have to live a life of complete isolation in the woods to not be directly supporting any SA funded endeavor at this point. Oil and natural gas is used in so many more things/proceses/supply chains than the common pea brain can comprehend. There's a reason why they are able to toss billions around like it's money they found under the sofa. They are more global than China almost.

Paragon21XX posted...

Okay? What do you expect a publicly-traded company to do about it? They can't say no as only the government of Japan has the authority to stop foreign investment of companies at certain percentage thresholds under FEFTA.

Exactly. It's why Twitter was forced to open sales talks with Musk. If you got to pick and choose buyers you'd be private.

Letron_James posted...

I feel like this is the 10th time I've seen this topic on CE.

And I'll say the same thing again. If this, or their connections to WWE or anything else really bother you that much I really hope you're willing to live a plastic free life. Actually not only plastic, but anything that uses petroleum based products period. Not to mention all the other ventures they have invested in. You would literally have to live a life of complete isolation in the woods to not be directly supporting any SA funded endeavor at this point. Oil and natural gas is used in so many more things/proceses/supply chains than the common pea brain can comprehend. There's a reason why they are able to toss billions around like it's money they found under the sofa. They are more global than China almost.

Yes, you've made a case for why we might have to compromise our morals when it comes to having what most humans in 2023 would consider "essentials". It's awful. However video games aren't essential, they're entertainment products you can live without, so I will judge anyone that supports Saudi Arabia's murderous homophobic agenda with willing purchases on Nintendo games and consoles tbh

Letron_James posted...

If this, or their connections to WWE or anything else really bother you that much I really hope you're willing to live a plastic free life. Actually not only plastic, but anything that uses petroleum based products period.

I mean, it seems reasonable that people can exclude entertainment products and not necessities when making buying decisions

So what.

Hogwarts boycotters in shambles