They may or may not know about them, but when someone higher up gets embarrassed, such as TOTK being streamed before launch, that creates a lot of pressure to act

Companies aren't people either. Did someone at Nintendo know about this? Undoubtedly. I'm sure plenty of them did, they're a big company and emulators for their old content are like the #1 gaming emulators.

Their lawyers and leadership may have known in a vague sense, but they're probably not technical. Something got them in a room together to see if they could do something about this... It wasn't because they lost money (I doubt they did), it was because they looked bad in front of shareholders

I'll preface this by saying fuck Nintendo, this is really bad precedent and I'm so pissed this went through. The judgement against them was seriously insane... They built a tool that was legal (at least before now), and were fined $1.6 million, had to give up everything with the name yuzu, had to give up all of their personal Nintendo products, and there were a few other things... It's truly insane IP is being protected to this extent.

But conversely, people were way too public with the TOTK leak. Teach your friends and family how to sail the high seas, talk about it in niche corners, drop theoretical knowledge on strangers in quiet corners of the web.

The high seas are an open secret... It's fine if most everyone uses it, especially when companies make their own products uncompetitive with the hassle of alternative means. But, we have to pretend in public, at least a little

If it's out in the open, someone is going to push IP law even further. Not for moral or profit reasons, purely because a win will make them look strong and an embarrassment makes them look weak.

And that makes stock prices dance for a bit.