Hedge Fund Founder Makes a $400 Million Bet Against Nintendo

I'm really not one for stock market talk, as I'm not that well-versed in the topic. I'm also not too sure how interested you guys are in this stuff. That said, I'll share this small blurb from TIME and you can click over to read the rest if you're interested.

Gabriel Plotkin, head of New York hedge fund Melvin Capital Management, has accumulated a $400 million short bet against Nintendo, according to regulatory filings. The former star trader at SAC Capital Advisors accounted for as much as 7 percent of Nintendo’s daily volume in recent weeks, contributing to stock declines since May that have stunned analysts.