Nintendo shares plummet after revelation it doesn't own Pokemon Go

Nintendo broke the news to investors that it doesn't actually own Pokémon Go, resulting in its share prices falling by 17.7%.

Nintendo's shares have skyrocketed since the release of Pokémon Go, but what goes up must comes down. The company revealed during a financial briefing that it doesn't actually own the app and its profits from it will be limited as a result.

"Taking the current situation into consideration, the company is not modifying the consolidated financial forecast for now," Nintendo said. Investors didn't take kindly to this news and Nintendo's stock fell by 17.7%.