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NEWS: 2 Square Enix Employees Arrested for Insider Trading


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XSp



Joined: 23 May 2014
Posts: 254
PostPosted: Thu Nov 17, 2022 4:48 pm Reply with quote
Police will be opening quite a can of worms if they start investigating the company... the level of shadiness on recent Square Enix activities is almost unprecedented. It's almost like someone in there is liquidating the company's most valuable assets for crypto, NFTs and other ponzi schemes and scams. Insider trading pales in comparison.
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Wyvern



Joined: 01 Sep 2004
Posts: 1545
PostPosted: Thu Nov 17, 2022 4:57 pm Reply with quote
PRE-REGISTER NOW TO COMMIT CRIMES!
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Chris Handsome



Joined: 07 Sep 2010
Posts: 271
PostPosted: Thu Nov 17, 2022 5:16 pm Reply with quote
Smart move making that kind of play... on a mobile game that will be shut down soon most likely.
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Hoppy800



Joined: 09 Aug 2013
Posts: 3331
PostPosted: Thu Nov 17, 2022 6:11 pm Reply with quote
SE has been shady lately also weird, like why are they developing a new Front Mission 2089 game when the full version of one of the prequels (2089-II) is still lost media and should've been sent to G-Mode for porting and rerelease (as it's a feature phone game).
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WANNFH



Joined: 13 Mar 2011
Posts: 1679
PostPosted: Thu Nov 17, 2022 7:17 pm Reply with quote
XSp wrote:
It's almost like someone in there is liquidating the company's most valuable assets for crypto, NFTs and other ponzi schemes and scams. Insider trading pales in comparison.
By "someone" we can just mean Matsuda himself, right?

Cause c'mon, he's barely hiding how badly he as CEO and his team mismanaged things for years, from the crazy assignments of people to projects without their actual knowledge, completely zero marketing to lots of games which lead to their poor sales, exclusivity deals without the actual profits from them to Square itself because it negated sales, and selling their valuable assets for very cheap (like IO Interactive, which become independent and now getting quite well without Square) because of the recent budget flops — despite it's not really all just developers fault and Square still shoot themselves in the foot with GaaS, but now with Japanese teams. Even Wada, whose stepping off was mostly because he (like a lot of people during that time) thought that spending money on cloud gaming services was good and obviously failed with a big hole in Square profits (it's still not even with big tech companies barging in, looking at you Google Stadia and Amazon Luna), was not that bad as the guy whose current "achievements" leads Square straight to the abyss.
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FrodoGate222



Joined: 21 Jun 2019
Posts: 104
PostPosted: Thu Nov 17, 2022 9:25 pm Reply with quote
And now it turns out Yuji Naka of all people was involved! https://twitter.com/6d6f636869/status/1593425650919952384?s=20&t=lDSjYZYY1wdkrhlhJKPt-Q
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Rob19ny



Joined: 13 Jun 2020
Posts: 1655
PostPosted: Thu Nov 17, 2022 9:33 pm Reply with quote
Can I say surprised or expected or karma? Yuji Naka was also arrested for the same reasons. Funny because Naka sued SE (which concluded earlier this year) for removing him as director of Balan Wonderworld 6 months before its March release, but he had already bought shares earlier in January 2020 (2 months after the other employee).

Last edited by Rob19ny on Fri Nov 18, 2022 12:15 am; edited 1 time in total
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Somer-_-



Joined: 14 May 2014
Posts: 984
Location: Canada
PostPosted: Thu Nov 17, 2022 11:09 pm Reply with quote
I guess Balan Wonderland is now the second worst thing he's done.
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Aresef



Joined: 22 Jun 2005
Posts: 909
Location: MD
PostPosted: Thu Nov 17, 2022 11:44 pm Reply with quote
A real plot twist after his issues with Arzest and Ohshima-san.
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JoelBurger





PostPosted: Fri Nov 18, 2022 12:27 am Reply with quote
Real glad we got the news that Yuji Naka was involved much later, since now we have multiple posts here pointlessly crying about SE for posterity.
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MFrontier



Joined: 13 Apr 2014
Posts: 10946
PostPosted: Fri Nov 18, 2022 12:42 am Reply with quote
So random...
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MarshalBanana



Joined: 31 Aug 2014
Posts: 5296
PostPosted: Fri Nov 18, 2022 4:47 am Reply with quote
Only 3 years at Square Enix and he went from Game Programmer/Director to Gordon Gekko.
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JoelBurger





PostPosted: Fri Nov 18, 2022 4:49 am Reply with quote
MarshalBanana wrote:
Only 3 years at Square Enix and he went from Game Programmer/Director to Gordon Gekko.


He was always a piece of shit, as multiple people by now have attested to.
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varmintx



Joined: 31 Jul 2006
Posts: 1197
Location: Covington, KY
PostPosted: Fri Nov 18, 2022 7:19 am Reply with quote
JoelBurger wrote:
Real glad we got the news that Yuji Naka was involved much later, since now we have multiple posts here pointlessly crying about SE for posterity.

MarshalBanana wrote:
Only 3 years at Square Enix and he went from Game Programmer/Director to Gordon Gekko.

Not that it's going to stop the narrative.
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Arxana



Joined: 30 May 2020
Posts: 36
PostPosted: Fri Nov 18, 2022 8:50 am Reply with quote
Somer-_- wrote:
I guess Balan Wonderland is now the second worst thing he's done.


The third-worst thing he did was actually namely it “Balan Wonderworld” when “Wonderland” obviously scans so much better.
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