Shares of Mercari fell 6.4% on Wednesday before rebounding, rising 1.4% on Thursday and jumping more than 4% on Friday after the announcement of temporary restrictions on sales of Pokemon’s 30th anniversary products. The Japanese platform banned these listings due to risks of disputes and harassment linked to the surge in transactions. Citi attributed the drop to the Pokemon card restriction announcement, calling the pullback an investment opportunity as shares are at ‘overly pessimistic levels’. Pokemon card prices have surged 1,350% since 2020, illustrating the global craze for these collectibles.
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