TWO NEW LANGUAGES Wall Street Raider now plays in Turkish and Traditional Chinese. • Full Turkish translation — menus, tickers, news, and financial statements • Full Traditional Chinese translation for Taiwan • Weekly Challenge briefings translated too Everything else works exactly as before. Good hunting.

MARKETS & RAIDS New games open on Markets — not an empty Empire. • Launch a raid from the stock you're already looking at • Full price charts are free for everyone • Charter a bank from the company sheet you already have open COVID CRASH SPRINT A 90-day Market Legend you can finish in one sitting. • Featured on Empire after you learn the tape • Win conditions stay pinned while you play • Finish the sprint, then take on the long COVID crash STAY IN THE GAME • After your first raid, we ask once for notifications • Hostile bids, margin calls, and loan defaults ping you while you're away • Discord invite after a raid or a challenge — never after a crash PRO • Try the forecast on any name — unlock the full run with Pro • Speed and the full tape stay Pro • Charts are no longer behind the paywall We also stopped interrupting you with a Pro sheet on day 3 and day 7. Open Markets. Find a name. Raid it.

WEEKLY CHALLENGE A free ranked mini-run every week — same market for everyone. • A new challenge drops each Monday: one sitting, one cold attempt, identical authored tape • Your main empire is saved and frozen while you play — resume it when you leave • Stocks and shorts only, fixed free-tier speed (Pro never buys more decisions per minute) • Rank against friends and see your percentile — not a public top-100 ladder • Optional Game Center sign-in to submit; stars and personal history work signed out • Pro: re-run past weeks from the archive (unranked practice) FAIRNESS & INTEGRITY • Opening books mark to market — no phantom day-zero P&L • Inherited portfolios keep a cash cap so you can’t dump everything and sit risk-free • Leave in the first few ticks by accident? Your ranked attempt is refunded • Finish after the ranked window closes? Still kept in history — clearly marked unranked ALSO IN THIS UPDATE • Challenge UI chrome so you always know you’re in the mini-app • Clear reasons when a run can’t rank (window closed, archive, replay, and more) • Hardening for resume, force-quit, and world-switch edge cases • Bug fixes and stability improvements across challenge lifecycle Open Empire, find this week’s challenge, and take your one shot.

Hotfix. Fixed a crash on the monthly loan payment tick. If you were carrying debt, the game could quit on the exact tick your loans came due — and quit again on reload, since the save was still on that tick. The cause was a portfolio value the game couldn't count: a single broken share price, or a share count pushed past its limit by a long chain of splits, was enough to bring down the whole tick. Every money figure in the loan pipeline is now counted safely, whatever state your save is in. A holding the market can't price is no longer sold for $0 in a forced liquidation — it stays with you. No mechanics changed. If 1.15 ran fine for you, this update is invisible.

Version 1.15 — The Realism Update The whole simulation got a line-by-line audit against real market mechanics. Over a hundred fixes. - AI rivals now pay the spread, settle shorts, divest, earn yield, and launch levered hostile bids - M&A overhaul: 51% squeeze-out, real poison-pill flip-in, antitrust pre-close blocks, reservation-price tendering, value conserved through every deal - One consistent rate model — the full hike/cut/inversion cycle is reachable and bites - Options price off one volatility surface both ways, short legs post real margin, and "Prob. Profit" is measured at your break-even - Swaps mark at zero when struck fair, quote through an inverted curve, and cost a real break fee - Bond ETFs move on rate changes and earn carry - One collateral pool across all loans; short interest sized off free float - SEC fines scale with the profit you made — and get collected - Monte Carlo forecasts finally agree with the engine Thanks for playing. Keep the feedback coming.

THE BANK UPDATE — running a bank is now a full simulation. • Real capital rules: stress tests, PCA ladder, dividend limits — fail and the FDIC seizes your bank, wiping shareholders • Deposits fight back: set rates, manage insured mix, survive bank runs — plus the full SVB underwater-bonds mechanic • Smarter lending: covenants, lending limits, restructurings, loan participations • New Pressure tab: weaponize your loan book against rivals ALSO • Real Black-Scholes options pricing, circuit breakers, price impact on big orders • Found holding companies and grow NAV • Call bonds early + new income-statement card • Faster ticks, smoother autosaves, bug fixes Feedback? Join the Discord from the game menu.

1.13.1 • Markets: more realistic volatility, regimes, earnings, and sector dynamics • Banks: chartered banks now persist when you quit and relaunch • Taxes: NOL / credit carryforwards and quarterly estimates fixed for the full year • Performance: smoother ticks in heavy multi-asset sessions • Options: Simple/Advanced sheet sizing restored Thanks for playing Wall Street Raider.

Corporate Realism: Companies now run on real economics - real interest expense, real debt service, and yes, real losses are possible. Distressed companies face genuine consequences, from covenant warnings to default and possible delisting. When founding a new company, choose your leverage: Bootstrapped, Balanced, or Leveraged, each a real risk/reward tradeoff. Full Financial Statements: Every company you control now has a complete Balance Sheet, Income Statement, and Cash Flow Statement. Passive income and dividends are broken out clearly instead of disappearing into your cash total. Karma & Reputation: Karma is no longer a one-way drain. Share profits with your workforce to earn it back, and climb through new positive reputation tiers: Watch, Clean, Steward, Pillar, and Legend. Capital Injection: Own 99%+ of a company? Inject personal cash straight into its treasury. Banking: New Risk Appetite dial for your loan desk - Cautious, Balanced, or Aggressive. Free-tier players now get a preview of what Pro banking tools could have earned them. Fixes & Polish: - Fixed a rare bug where a company's share price could drift far from its book value after repeated splits/buybacks - Corporate bonds no longer miscounted as stocks in your portfolio breakdown - Action-sheet info banners now collapse by default, keeping controls in view

- Fixed: bonds were showing up under "Stocks" in your asset breakdown. Bonds now get their own line.

Bug fixes: • Fixed a rare bug where a company you grew to massive scale could show a near-zero share price and market value despite trillion-dollar revenue, profit, and book value. Repeated reverse splits and buybacks could pull book value per share away from the traded price with no way to recover. • Added protection against the splits and buybacks that triggered this, and prices now gently re-rate toward book value when they drift too far. • Affected saves heal automatically on load — your position re-rates to its true value the next time you open the game. No reset needed.

Wall Street Raider 1.12.1 Patch release - banking polish, straight from your feedback. Revolving credit lines now actually get used Bank-issued revolvers used to sit idle after origination - borrowers never drew on them, so a line you committed earned nothing. Now your corporate and synthetic borrowers draw against and repay their credit lines every month: - Utilization rises in recessions, when borrowers lean on their lines harder - Draws are capped by undrawn headroom and your bank's available cash - Repayments are capped by the borrower's own cash on hand - Drawn balances now earn interest like any other loan Your committed capital finally goes to work instead of sitting dead on the books. Also closed a latent accounting edge where a revolver's drawn balance and its carrying value could drift apart. Thanks to the player who flagged that revolving credits were not being used - this one is for you.

Play as a Bank - the headline feature Take control of a finance company and it becomes your bank. Run the whole institution from the new Bank Console: - Loan desk: underwrite loans to real companies in the world, not just faceless borrowers. Price by credit rating, set your margin, and watch the book build month over month. - Loan-to-own: when a borrower can't pay, work them out - demand repayment, seize collateral, or write the loan off. Distress can hand you the keys to the company. - Credit and risk: borrowers carry real credit histories that follow them. Miss payments and your rating as a borrower moves too. - Capital rules that bite: Basel-style solvency, asset/liability mismatch, and liquidity stress are all live. Get over-levered or caught in a deposit run and the regulator can seize your charter. Dividends and new lending are blocked when your capital buffer runs thin. - Bank Console: dashboard, loan book, loan detail, and a live pipeline of pending applications. One-tap deep links from news, objectives, and celebrations. - Discoverability: new bank objectives, a Powers hub, and onboarding breadcrumbs so the whole persona is easy to find. Fixes - Finance stocks no longer slowly bleed to the price floor. A bad credit-spread formula was dragging the entire sector down regardless of fundamentals. Banks now track their earnings like every other sector. - Losing control of a bank (sell-down, buyout, or seizure) now settles its loans correctly - no more phantom debt or money appearing from nowhere. - Net worth now scales bank value by how much of the bank you actually own. - Various crash fixes and stability polish.

This update squashes three crashes for a smoother, more stable game: • Fixed a crash that could occur when applying a tax strategy to a company you control. • Fixed a crash on Mac when changing the game speed. • Fixed a crash affecting some non-English languages. Thanks for playing Wall Street Raider! Keep the bug reports coming.

What's New in 1.10 — Takeovers Get Teeth Acquisitions are no longer a rubber stamp. Buying a company used to be a single button press with guaranteed success. Now every hostile bid is a real wager with odds you can see before you commit — and a board that can fight back. New - Live bid odds. Drag the premium slider and watch your success chance update in real time — win, toehold, or fail, plus the board's recommendation and the "fair premium" number you need to beat. - Three real outcomes. Win control, walk away with a toehold (you keep the shares you bought and can bid again), or get rejected outright. No more all-or-nothing. - Poison pills. Target boards can dilute a hostile raider's stake, making control more expensive — but never impossible. Pay up or back off. - White-knight counter-bids. A cash-rich rival can swoop in over the top of your offer. You get one decision: match, raise, or withdraw and pocket the profit on your toehold. - Staggered boards & proxy fights. Some boards are entrenched — break them with a paid proxy campaign that boosts your support, at a higher cost and a short delay. - Defend your own empire. Arm a poison pill or a shareholder rights charter on companies you control. Every defense a rival can raise against you, you can raise against them. - Difficulty-scaled. Fair-premium thresholds, pill strength, and white-knight aggression all scale with Easy / Normal / Hard. Fixed - Major bid-cost bug. Cash buyouts used to charge you the full deal value upfront — before a single share was acquired. You now pay only for the shares actually tendered, so failed and partial bids no longer drain your treasury. - Clearer results. Every settled bid now ends on a dedicated outcome screen showing your final stake, premium paid, and what happens next.

The market just got a lot less predictable. NEW: Random Operational Events Companies now live and breathe on their own. Any firm you own or watch can be rocked by data breaches, product recalls, lawsuits, scandals, environmental disasters or boardroom turmoil — or surge on a major contract win, a breakthrough, or a windfall. Prices, fundamentals and analyst ratings react in real time. NEW: Crisis Response Control a company that just got hit? Fight back. Spend corporate cash on Crisis PR, Lawsuit Settlements, Operational Insurance or an Emergency CEO Replacement to contain the damage and steady the stock. Act fast — a severe enough crisis can drive a company into bankruptcy and off the exchange. NEW: Incident History & "While You Were Away" Every company keeps a running incident log. Return to a digest of everything that hit your holdings while you were gone — nothing slips past you. POLISH - Clearer stake display on owned and controlled companies - Options screen is now full-screen - Stability and VoiceOver accessibility improvements

Fixed a rare crash on the Spin-Off sheet for companies with low market share.

Trading • Stop-loss and take-profit fields now reject non-finite input across short, ETF, and crypto sheets, and every trade sheet has a working keyboard Done button with no double-Done overlap. • ETF sell auto-clamps to your owned position now show as info, not an error. • Trade sheets block double-submit while a confirm is in flight; double-tap latches reset on dismiss. • ETF order with insufficient cash now shows the exact shortfall inline above Confirm. Crypto • Futures rows now display your stop-loss / take-profit and use the effective liquidation price for distance. • Partial-liquidation alerts tuned from critical to warning. • Realized P&L on futures close is clamped at -margin (no phantom over-losses). • Regime chip animates on transition, shows sub-percent transition odds in VoiceOver, and is fully localized. • USDC peg sparkline color is now direction-aware during a depeg event. Options & M&A • Multi-leg options strategies are now correctly settled when the underlying is delisted by an acquisition — no more zombie open positions trapping margin. • Options market impact on sells uses a side-aware dealer-delta basis. Pro Chart • Pan and crosshair gestures no longer fight each other. • Pinned crosshair clears when you switch ticker. • Landscape respects the notch / safe-area trailing inset. • Indicator sub-panes draw faster. Monte Carlo Forecaster • Bull / Flat / Bear probabilities come straight from the engine (the view heuristic underweighted skewed simulations). • Run button is now a full 44pt tap target. • Stock Detail's Forecast button hands off cleanly to the Trade sheet. • Forecast caches and accuracy records clear on game reset. Quality of life • GameClock no longer force-pauses at year end — you control when to pause. • Watchlist remove now confirms with a toast and works through VoiceOver actions; input is trimmed of stray whitespace. • Distressed bonds remain visible as tombstones after default for full deal review. • Educational modals locked against accidental swipe-dismiss; Block Trade warning buttons have proper haptics. • Restore Purchases reports success or failure clearly; Pro entitlements downgrade cleanly on lapse. • Spin-offs now distribute child shares to corporate-position holders pro-rata. • Stock buyback no longer over-tenders past the float (fixed the OWN 114% bug). • Tax engine files Q4 then the annual return and refreshes on control gain. • Many accessibility upgrades: 44pt tap targets across rivals, scenarios, empire, exec comp, informant, loans, advanced screener, achievements; VoiceOver labels expanded throughout. Stability • Hardened finiteness guards on ETF NAV and fee paths, loan slider bounds, T-bill buy / redeem, crypto stablecoin parsing. • Save flow aborts cleanly when the destructive switch write fails — no partial overwrites.

• Commodities: redesigned trade card with adaptive layout — LONG/SHORT badges, sparklines, and prices no longer collide when names are long. Driver hints now wrap to two lines instead of truncating. • Commodity trading opens in a full-screen view with a clear close button for easier order entry on every device. - Year-end auto-pause removed. Game keeps running through New Year — pause whenever you want.

Stability pass + huge options/commodities polish. - Crash guards: ETF NAV finiteness, stock-split overflow, ownership-breakdown math, fill-preview share math, paydown slider bounds. Late-game wealth no longer traps the app. - Options overhaul: multi-leg strategies now mark-to-market via Black-Scholes per tick, roll preserves cost basis, Greeks refresh on leg changes, exercise allowed during trading bans, payoff metrics clamped, expiry preset pills, 44pt CALL/PUT targets, paywall fixes. - Commodities: margin call writes trade history + toast/haptic, expiry severity + corrupted-age guard, lot picker localized (de/es/fr/it/ja/ko/vi), net-worth slice includes margin, chart chip snaps on partial buffer. - Shorts: borrow fees settle at cover, auto-cover threads live sentiment to slippage, T-bill tap when cash runs short, take-profit P&L includes trigger-tick borrow fee. - Corp trades: routed through L2 order book like player path, ownership drift + control bump aligned, treasury-reissuance bypass blocked. - UI polish: 44pt touch targets across trade sheets, Dynamic Type hardening, NaN-safe screener sorts, watchlist swipe on Pro-locked rows, treasury banner on stock detail, in-line earnings-beat dots.

Stability fixes • Fixed a crash when opening the stock detail sheet on late-game saves with very large holdings. • Fixed a crash when typing very large share counts into the Issue Stock or Buy Back sheets.

Stability • Fixed a rare crash on iPad that could occur after several in-game months for players holding leveraged custom ETFs.

1.8.13 — Pay Down Debt + Pro Chart polish NEW • Pay Down Debt: retire untracked debt with cash, full breakdown sheet • Advanced Screener with per-slot filter persistence + stable sort • Post-crash Discord invite (with cooldown) PRO CHART • Crosshair pins on lift, snaps to sampled tick, edge-fit annotations • Density-correct pan speed, smarter pan/pinch/crosshair arbitration • 44pt toolbar pills, cached state, lighter per-tick work TRADE SHEETS • Keyboard Done on every numeric field (ETF, options, shorts) • Swipe-dismiss blocked while a submit is in flight • ETF dollar↔share loop fixed, no silent clamps • State resets on ticker change, confirm flags re-arm on dismiss • Mode-aware internal detents CRYPTO + DEBT • XRP litigation arc, vol calibration, peg/supply/borrow fixes • Distressed debt: correct default severity, Pro guard, audit trail • Crypto sell rejects 0/NaN/Inf before the modal EARNINGS + FORECAST • Reported EPS anchored on net income, not a random draw • Guidance chip in earnings spotlight • Monte Carlo: tier-clamped config, non-negative VaR, dedup FIXES • Late-game money formatter — past quadrillion, no Int overflow • Autopilot phantom debt now routes through the bond engine • Bankruptcy completes scenarios cleanly • Banned-modal unstuck • Sector heatmap: dilution fix + stale return pills refresh • AI shareholders credited on dividends + private placements • Dynamic Type + VoiceOver pass on indicator panes, gesture hint, news

CRYPTO MARKET 2.0 • New coin: XRP, with a real regulator arc — pending, cleared, or sanctioned. • Volatility on BTC, ETH, SOL, and DOGE recalibrated to real exchange data. • ETH is now genuinely deflationary; USDC depegs take real time to recover; BTC bear markets last like real ones. • Shorts now pay borrow costs. • Fed rate, inflation, and equity sentiment now move crypto prices. TRADE SHEETS • Options: three stacked confirmation modals collapsed into one clean flow. • ETF: dollar ↔ share input loop fixed. • Keyboard "Done" everywhere; can't swipe-dismiss mid-submit; clean state when you switch tickers. PRO CHART • Pinned crosshair, snap-to-tick, edge-fit annotations, density-correct pan. • Bigger tap targets, full VoiceOver and Dynamic Type support. CORPORATE ACTIONS • White-knight cash exploit closed. • Dividends now correctly pay AI rivals their share. • Antitrust toggle finally honored on acquisitions. • Private placements properly book equity and EPS. QUALITY OF LIFE • Loading a game now warns about unsaved progress. • Critical news alerts no longer pushed out by the 100-item cap. • Long-session performance fixed at the simulation core. Thanks for playing — keep raiding.

Crypto Pro Update • Futures SL/TP auto-close with direction-aware triggers, persisted across saves • Long & short paths hardened: effective-price P&L, geo-mean exit, funding netted into payout • Per-step partial liquidations with distinct news, haptics, and dismissible warning chip • New regime chip + vesting unlock predictor on cards and trade sheet • Rare USDC depeg event with PEG/DEPEG badge and peg-anchored sparkline • Sub-cent coins now use adaptive precision and proportional sparkline range • 8-decimal BTC display, per-tick funding row, sell slippage disclosed up front ETF Desk • Tier-aware cap on active custom ETFs (Pro = 10) with launch-fee guards • Unlock gate persists $600M peak net worth — no more relock on reload • Live NAV at confirm, SEC trading-ban banner, realized P&L in sell toast • Trade history now stamps ETF BUY / SELL badges • Adviser termination card is tappable with reason, tenure, and karma • Swap audit (Pro) shows live MTM and full termination breakdown Loans • Refinance principal slider locks to outstanding balance • Refinance-to-revolving blocked; matured grace periods now expire correctly • Revolver guards across engine + AppState Stability • Spinoff slider crash on low-share companies — fixed • Found-Company hold-to-confirm guarded against double-tap tokens • Player buy/sell now routes through the visible L2 book for honest fills • Delisted tickers tombstoned on M&A so reloads no longer resurrect firms • MacroSnapshot prime/inflation unit fix corrects crypto macro reactions • AI rival net worth now includes crypto MTM

Smoother runs, fewer surprises: • Company Overview redesigned — hero P&L up top, grouped fundamentals below for faster reads. • Corporate actions (raid, tender, greenmail, proxy) share one polished modal with a consistent flow. • Trade sheets for shorts, options, strategies, and forecasts now open as full modals. The short-position warning is collapsible so it stays out of your way. • Loan refinance promoted — full-modal swap flow makes restructuring obvious. • New-game flow polish: visible save feedback, smoother onboarding, cleaner scenario start. • Discord community invite now reachable from Settings, the end-game screen, and crash recovery — come trade notes with other players. Bug fixes: • YTD performance now resets correctly when you start a new game (no more "−100% YTD" on day one). • Commodity futures always have an expiry now. Leveraged spot positions no longer hold forever and drag your portfolio into the red. Legacy spot positions auto-close after 365 in-game days. • Loan rates that displayed as 720% on save load are healed automatically; leverage display clamped. • Stalled bankruptcy in some scenarios — fixed. • Stock chart crash on certain ticker switches — fixed. • Options strategy sheet now properly locked behind its tier gate. • Crash-loop recovery ladder is now sticky across relaunches with a pref-preserving middle tier — fewer settings wipes when something goes wrong. • Watchlist, screener filters, and run-scoped flags now stay with the right save slot. • Rival detail view: missing % and inconsistencies — fixed.