after all that effort from the WSB community to save the company.
Whelp time to cancel my GameStop runs.
I don’t support chuds
Can’t cancel what I never did. GameStop routinely has terrible prices, poor selection (in my area), and mediocre service. I buy most of my used games from eBay, and most of my new games from Target (when on sale). Screw GameStop…
He just needs to stop, Trumps bro-circle jerk is already full.
I hear they’re moving to a bigger venue.
He’s just pissed his company is on life support, and that WSB just dragged out the inevitable.
Are redditors still diamond hands on gme?
guess it’s time to finally sell my GameStop stonk.
Carbon hands, everyone.
I bought a share at $350. Still holding. Tbh it’s just not worth the effort of resetting my Robinhood password to sell it.
Even if it’s not worth it to you personally, it’s still a good deed to sell stock in a company when their CEO does something like this. Every sell sends a small message.
I assumed it’d be good for them in some way if I sold (I don’t understand stocks). If it sucks for them even a little I’m selling.
You’re just selling to some roaringkitty fanboy the actual company couldn’t care less. If you’re in a 350 you may as well hold it on the off chance something weird happens and you could break even.
Or, you can sell at a loss for the tax benefit, but that only applies if you have capital gains to use it against. So if you find one year you make some money off some other stock that would be a good time to sell the GME at a loss.
I agree that selling a $100 stock doesn’t hurt the company $100 – but it does hurt them some amount between $0 and $100 which I don’t feel qualified to calculate. The ultimate reason that stocks go down is because people sell.
A sell doesn’t happen without a buyer on the other end. It’s a wash when it comes to messaging.
it’s not a wash, because you sell for a different price than you bought at.
I’m not saying it’s a wash in terms of price. Instead, I’m saying it doesn’t send a message through some tally of sells for the day, because buys and sells are at a 1:1 ratio.
Oh yeah, definitely. I didn’t mean about a tally of sells.
At the rate these chains are telling me to fuck off with my business and ignore them I’m gonna end up with nothing but farmer markets and crafts shows to shop at…
I have some bad news about farmers for you…
The elites don’t want you to know this, but you can grow your own plants
Do not ask those farmers follow-up questions.
Honestly, is that a bad thing though?
Nothing really aside from the annoyance of living where everything is 20 miles apart makes shopping at multiple small shops quite time consuming.
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What’s so bad about that?
They don’t sell a lot of video games at farmers markets and craft shows… You have to go to a flea market for that, and those are rather dodgy.
What ya dont want to gawk at the gangster spongebob shirts that seem to be at every stall?
It’s moreso that the vendors seem to fall into two not entirely seperate categories.
- The sheistiest sheister that you would be terrified to get in a van with.
- Someone who definitely has a borderline illicit script of oxy on them and think bathing is an option, and a philosophical dilemma.
Holy fuck, it’s obvious you don’t feel comfortable around people you perceive as “less than you” lol. “illicit script of oxy on them and think bathing is an option” Do we have a Lemmy Uppity Award for fake narratives?
If you actually walked around a flea market, as a human being, you would see it’s mostly families and senior citizens. You’ve selected a few “characters” for your narrative and have grossly stepped into some pompous position of enlightenment. Anyone that loves cheap electronics to tinker with absolutely gets thrilled to go to a flea market with some disposable income.
It takes a special kind of drug induced “sketchy” person to wake up at 6am on a saturday to try and make some income, damn shame there’s people like you out there that wouldn’t give the location a chance but will walk into any corporate store without a thought to “all the shady, drug ladened CEO’s you don’t want to get into a van with”. But you can’t see them so I suppose that might make it better for you.
Haha I see I hit a nerve.
This is from being dragged to one every weekend as a child… I speak from experience
My family was in the latter of the two. Obviously I generalized a bit for comedic purposes, but there really are two type of people at flea market.
The ones whose household income is derived from it. I don’t trust these people as far as I can throw them. They lie about their goods, it’s almost always straight from China and marked up like 10x.
Then there are the normal people trying to make some side income. These people are usually older and skew more towards veterans. That demographic just gets prescribed a lot of oxy, and they often borrow or trade.
It just is what it is… And I will not apologize about the shower comment. Nicest people, but most of them could use hygiene lessons.
lol why did you reply with the exact same comment but doubling down on how much of a douche perspective you have? I wouldn’t say you hit a nerve, some decent people just tend to call out bigotry when they see it.
“They lie about their goods, it’s almost always straight from China and marked up like 10x.” …so like all the other stores? You’re entire shtick is illogical and I don’t tend to trust bigots so I doubt you have the experience.
“There really are (only)two type of people”. “They lie”. “These people”. “That demographic”. “They often”
This is how you detect bigotry everyone. It’s like if I said “Corkyskog probably thinks he’s better than others because his brain is broken or got smacked around to often”. I’m just assuming his brain is broken with no real facts because of his shit comments
“Corkyskog sucks two types of dicks, shit covered and piss covered” like your demographic might lean that way but to just label you as a “dirty” removed is kinda unfair and also unrealistic, you could just like sucking regular cock.
“Corkyskog is a pompous prick who is probably projecting, often scared and isn’t comfortable around people he deems “lesser”, is a piece of shit human being the world would be better off without” but I’m just guessing, like the “they often borrow or trade”.
You can get them online for free
They don’t sell a lot of video games
Wait, y’all buy them?
[AwkwardMonkey.jpg] 👀
I’m at 200+ owned on GOG here, takes a lot less physical space than all those GME disks I used to pick up.
It has absolutely nothing to do with their entire core business model being obsolete.
Nor with the issue that they’ve been hemmoraging money at a staggering rate.
The company as a whole is profitable with not a dollar of debt, where is this staggering hemmorage?
Recall that the first quarter after the whole WSB thing, they had something like 2 billion in cash from that whole thing.
A year later, they had 1 billion.
Half a year later, 500 million.
All of a sudden this quarter, after shutting down stores all over the place and gutting their staff, they’re claiming 4 billion cash on hand, helped out by unproven social media claims growing their stock price 30%.
doubt. Their business model relies on physical games being sold multiple times, once when new, and then multiple times as used copies. This is why they’re focusing on retro consoles. New consoles have passable online marketplaces, so Gamestop cannot compete, and are completely inferior to PC gaming, which hasn’t needed Gamestop in 20 years.
they’re claiming 4 billion cash on hand
If that’s a lie then they will get absolutely wrecked by the authorities since they’re a publicly traded company.
Over 4 billion cash is shown on the balance sheets on their latest filings too
Yeah, about the ”authorities”….
Theyre also going against small gaming hobby stores which while not everywhere they can offer secondary services not reliant on reselling games multiple times. Such as offering LAN parties for old games, table top games, or even movie nights. These are just things I know the shop one of my kin in Arkansas goes to does.
My local stores sell steam games and PC parts, I don’t think you understand the business model… When was the last time you visited a store?
Not to mention now they’re doing pokemon tcg, that just prints money.
Oh yeah the trading card business too, plus all the homewares now. Currently eating dumplings out of a pokemon licenced bowl manufactured by gamestop
Good luck man. What happened last time they got a huge influx of cash from retail traders? From what I read they wasted it in NFTs.
Now they’re wasting it on trading cards. The company is floundering. Surviving purely from generational nostalgia at this point. When that runs out the rug will be pulled.
They never bought NFTs, they built a website for trading NFTs. Very minimal expense that’s already written off as it got banned by the US govt
Wait, their business model of giving you $3 for a game they’ll charge $50 for isn’t working? The business model that I have to go drive and interact with someone and hope the game is in stock? Who would have thought?
But the instance dedicated to a death-grip on this one stock said it was the future!
DEI is some zealous American Puritanism which has no relevance in France, so I’m confused how he made the connection?
I doubt it’s related:
The reality is that the physical side of GameStop’s business has been in steady decline for a while. In 2019, GameStop closed around 200 stores in an attempt to “reboot” the company. GameStop’s fortunes briefly rose due to its 2021 stock surge, but shares quickly plummeted following that initial spike.
They’re probably just not making a profit anymore in those regions, so they’re closing up shop, and the CEO took the opportunity to go on a largely unrelated rant.
I don’t really know much about French politics, but surely there is something similar that right wing reactionaries can get upset about there.
For example a Dutch friend of mine who has been radicalized by Joe Rogan, Twitter, and Facebook tells me that you can’t say anything bad about Islam in Holland, as he sends me link after link with fascist anti-Muslim propaganda. (Like… you can’t say things that the “news” that you just sent me is literally saying?)
Trading in my points and cancelling my membership this weekend. 95K points should get me a few fun things before I never ship there again.
Anyone who didn’t sell after the idiocy of the NFT market is a fuckin bagholder through and through.
An NFT market was stupid to begin with, because it’s trying to use endless amounts of CPU cycles to enforce an “ownership” system that is genuinely unneeded and only serves to benefit Capital and Capitalists.
Hell yeah let’s burn down the planet for fuckin skins in video games! /s
Later, they would shut down the same market, after barely over a year and a half.
This was and is a company with no concrete plans for the future that was spinning its wheels since its core business was failing and continues to fail.
Diamond hands? More like Sunk Cost Hands.
Akchually, NFTs don’t even burn CPU cycles to enforce ownership. At best it’s all created and sold by a central party, and at worst the whole thing runs on his laptop.
is it me or conservative always freak out when thier R politician wins an election, did not think the things they are railing against was happening,.
Honestly as a dumbass still holding worthless empty bags labeled GME, I hate Ryan Cohen almost as much as I hate Musk.
I just wish I was paying attention the day it climbed back up to 60$, I would have sold for a small profit in a hurry…
Same same same same same.
Damn dude, diamond hands or broken hands?
I was locked into FOMO and sunk cost fallacy, I’m now trying to get these scumbags at Computershare to give me my shares back so I can sell them.
Oof, you went full DRS. Not judging, I probably would’ve sone the same if I got in late.
Yeah, it’s an embarrassment I have to live with forever. The person who got me and my friends into it doesn’t talk to my group anymore and I think it’s out of shame. I, in turn, feel shame not only for my part in participation in the market, but for convincing others to buy shares as well.
Fucking thing sucks, I want my money back Ryan, you cock.
TBF it was a good idea to buy, just required the caveat that you should’ve sold in January. I somehow timed my exit well, then proceeded to plough a stupid amount into another meme srock which now sits at -48k, a good reminder that gambling is for idiots. Like me.
Yeah let me know if you ever figure that out :\
Man, that really sucks. I’m sorry to hear that. I had it happen to me once with $SLV.
It’s a bad sign that you know the CEO’s name.
You didn’t answer my question, just downvoted. Are you retarded? You’d have to be to leave that comment in reply to mine on this thread.
You’re on a first name basis, even a parasocial relationship with the CEO of Gamestop despite never having met him. Who here is intellectually deficient?
God damn. That’s honestly one of the dumbest fucking takes I’ve seen, and we’re living in Trump 2.0. You’re impressively unintelligent.
Says the guy who’s passionate and on a first name basis with the CEO of a game store chain.
Oh. OH! I’m taking the bait. Bravo. I still think you’re retarded for being a troll on the Internet when there’s so much else you could be doing, but good job rustling my jimmies.
All I did was point out your weird parasocial relationship with a CEO of a game store company. It’s very strange how you reacted to that. You must realize just how weird it is, how empty your life is. Get help dude.
So just to be clear, you think it’s crazy that I know a name from the article? That’s what you’re saying? Definitely retarded.
Are you retarded? Honestly I don’t even want to expand on that, are you retarded??
The stock price is not declining, and is up for the year. What’s the problem?
RC is turning out to be a giant douche bag. Who would have saw that coming
He always was if you check out interviews with him from years ago. Biggest smug ego of anyone and he talks like a valley girl.
A true believer was lost
