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Reader Comments (51)

Posted: Oct 13th 2010 7:12PM Syesta said

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Hope he was a citizen of Limsa or Gridania.
The capital gains tax in Ul'dah is really high.

Posted: Oct 13th 2010 7:19PM Gaugamela said

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Wow. This is the most hilarious stuff I've read this day.
I would love to see some millionaire MMO players do this to some games.

If I gain the lottery I'll promise you guys here that I'll do exactly this. :)

Posted: Oct 13th 2010 7:35PM Victor Stillwater said

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I did some checking of my own, and while the drop does seem to be pretty big, I looked back at the rise and fall of Square Enix Holdings stock.

The stock was lower prior to the release of Final Fantasy XIV if I read the chart right. http://www.reuters.com/finance/stocks/chart?symbol=9684.T

Posted: Oct 13th 2010 7:42PM (Unverified) said

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Haha yea right its going to scare SE or 'teach them a lesson'. One man with 26M stock is not much considering that when SE stock hit 1735 there would be so many buyers that would just buy up all that stock. Even says in the article 'recovered later THAT DAY'. SE probably had a good laugh out of it. I know I did.

Posted: Oct 13th 2010 7:42PM Solp said

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I think the message is clear, guys.

Vote with your stockings.

Posted: Oct 13th 2010 7:47PM GryphonStalker said

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It's going to be mighty tough topping this one.

Posted: Oct 13th 2010 8:14PM Dblade said

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I can't see this happening. Unless he thinks FFXIV is going to underperform so bad as to crash SE's stock price, it's foolish to dump shares. SE is one of the few reliable companies in gaming: it has a flagship title that is a license to print money, and a strong library of IPs.

I don't think you make the kind of money to be able to buy 26 million shares by being prone to rage quits.

Posted: Oct 13th 2010 11:35PM Mystal said

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Actually it seems quite reasonable. The majority of S-E's profit potential comes from their brand new MMO. This guy may have bought into the company speculating that FF14 was actually going to go beyond all the success that FF11 had, and if not compete with WoW, at least bring in record profits for the company.

Now that he knows that FF14 sucks (er, there are "mixed opinions" LOL) there's no reason to hold that stock. Sure, S-E could still make a profit, and they could even (eventually) turn FF14 into an acceptable product, but the potential for FF14 to really be a blockbuster no longer exists, which means some other company might have better potential. NCsoft, for example.
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Posted: Oct 14th 2010 1:55PM cured said

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Why would dumping shares be foolish? At $26M to invest in a gaming company, I'm sure the dude isn't hurting for cash. As another said, FFXIV isn't going to be the cash cow people thought it might be. Throw away whether you like the game or not, there just aren't going to be a mass influx of people wanting to play a broken, unfinished game with Cataclysm set to release within 2 months and Guild Wars 2 on the horizon.

Square-Enix has been disappointing me for nearly ten years now. I've all but given up on this shell of a company. The creative force behind FFVII was banished from the company long ago. I haven't enjoyed any of their titles since, at least not as much as I enjoyed FF1-7.

Perhaps Japanese creativity just isn't what it used to be. I can't stand the characters or their stories anymore. Especially when there is a company called BioWare out there that know how to put a good f*cking story out there.
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Posted: Oct 13th 2010 10:10PM Rayne26 said

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It's a pity.Square has good potential but sth is always here to irritate people.
The problem is that they never learn.
FFxiii was a big dissapointment from what i was expecting to see.
Screw the graphics the overall gameplay was a turn off.
I ll try ffxiv and see for my self how it is.
Then ill have my own word to speak about.
Square should take things seriously if they want to succeed otherwise they ll stay mediocore.

Posted: Oct 13th 2010 10:20PM Suplyndmnd said

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I won't argue with your post because it's based on you feel but to say Square is mediocre is just completely not the truth. Because they have produced some games that have not lived up to expectations they are releasing games other companies would KILL to be able to put out and get numbers for. They are not mediocre in the least just because the last few games have been off.

That's like saying Brett Favre is a superstar athlete, oh wait, he threw an interception, he was always mediocre. It's extremely short sighted and you are either too young to have been around in their growing days or you are just being short sighted. People hate on Final Fantasy XIII because it didn't live up to the Final Fantasy hype but it was still a solid game.
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Posted: Oct 13th 2010 11:43PM Mystal said

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No, they are definitely mediocre, IMO. It's not just that they've missed on a couple of games. It's also the fact that they don't seem to have learned any lessons about how to please their customers.

Early reports from FFXIV are that they are banning a lot of accounts for generic "TOS" reasons and not letting people know what they did to deserve their ban. The logic is some thing like : We banned you because you broke the rules. Because you're banned, you're not entitled to any support. Because we are not required to support you, we won't tell you what you did wrong in the first place. The only way to find out what you did wrong is if they decide to unban you, or if you are suspended, to wait until the suspension is over.

This is equivalent to being thrown in jail without ever hearing the charges against you, but for S-E it's par for the course, because they're just that incredibly arrogant and out of touch.

That's the real reason S-E fails, not because they missed on some games but because they don't seem inclined to learn from their mistakes.
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Posted: Oct 14th 2010 3:25AM Addfwyn said

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You could argue as to whether or not their games are mediocre all you want, in some areas I'd agree and some areas I'd disagree.

However, when talking about stocks, you should talk about if their games are mediocre at making money. It doesn't matter a cent if they release nothing but bad games (not saying they do, but just for argument's sake) if people buy them. People buy SE games, FF is basically a liscene to print money.

Consequently, financially speaking SE is anything but a mediocre company, and dropping $26M in stock because you think a game is bad is well...I don't believe it frankly. You don't get that kind of money to buy the stocks to begin with if you make stock decisions on emotional concerns.

My guess is it was an unrelated sale, not a bitter FFXIV player. That, or a news story made up around standard market fluctuations.
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Posted: Oct 14th 2010 4:53AM TheGreatMachine said

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Well, if I was investing that much in a company and they released what I perceived to be a failure, I'd sell too. Seems like sound reasoning rather than spite.

Mind you if I had 26 million I'd be far too busy to play an MMO.

Posted: Oct 14th 2010 10:16AM TheGreatMachine said

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@Tempes Magus

With that kind of bank I'd be too busy making films, traveling, putting the finishing my secret volcano HQ etc. Not trying to make more cash, that was just your assumption.

The potential interest on that amount alone is enough to justify not ever shlubbing for another buck
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Posted: Oct 14th 2010 10:19AM TheGreatMachine said

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finishing touches even. wtb: edit function.
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Posted: Oct 14th 2010 1:02PM (Unverified) said

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I've been wondering what the Japanese thought of FFXIV

Posted: Oct 14th 2010 10:23PM (Unverified) said

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Woah, Massively. Please act quickly to retain any semblance of journalistic credibility. This sort of sloppy reporting is bad for all serious writers in the blogosphere.

Let's trace this rumor back to the beginning. Supposedly, a disgruntled Japanese player reported "on the Internet" that he was about to sell 1% of Square Enix stock. This is reported second-hand by "Media Yucasee JP." Aside from the fact that the stories are written in Japanese, what do you actually know about this publication? Is it a legitimate newspaper?

If you go to Google News and search for the URL for Media Yucasee, you get no hits. But that doesn't prove anything one way or another. It just points out the fact that Google isn't indexing this as a serious news source.

So.. let's say that the jury is out on the credibility of Media Yucasee. That means we have to dig deeper, even if we don't speak the language of the person who allegedly announced their intentions to sell the Square Enix stock.

This is Journalism 101. Supposedly, this person claimed on the Internet on October 2nd that they were going to sell their stock. OK... Where is this posting? Why isn't it quoted or linked in your original story? These are things that responsible journalists should both track down and report when they are writing up the news.

Massively is a great blog for gaming news, but this is time for you to prove that you're really journalists. It's not acceptable to simply publish this as "rumor" without doing the legwork to substantiate such a claim. Your readers are busy people. Don't waste our time if you don't think the allegation is true.

As a side note, if it turns out that this rumor is indeed false, you should post a very public retraction and apology for fueling the flames.

Posted: Oct 15th 2010 4:13AM ZenJitsu said

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Don't you mean it's not acceptable to simply publish it as "fact"? Do you even need to do legwork to substantiate that it's a rumor? Your premise is that this is 100% true and corroborated...if it was, it wouldn't need to say "Rumor" in the title.

Everyone has different expectations of the site. I consider it an enthusiast site, full of opinion and tips and talk from people who simply love playing the games. Sometimes they're wrong, or y'know, human. If you're reading it like CNN...well, I think we all know that sometimes even the networks flat out misreport.

It's a juicy bit of gossip; the same you'd share with friends.
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Posted: Oct 16th 2010 12:19AM Tizmah said

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Wow Aaron, I think your breeches are too big on you. A rumor is a rumor, a very large rumor that was even mentioned on IGN. Could Massively go and get the facts about this rumor to see if it IS a fact? Yeah..but can they post a large rumor? Yes.

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