Originally Posted by Stewie:
Nonsense. There could be 10,000 committed investors on Reddit that couldn't hold a candle to a small hedge fund.
There's more to this than numbers.
Its a LOT more than 10k.
During peak hours on big gain days there have been over 6 MILLION people online browsing/participating in the GME thread. And that's just Reddit, you still have Yahoo Finance, MooMoo and Twitter with absurd numbers as well. [Reply]
Originally Posted by MTG#10:
Its a LOT more than 10k.
During peak hours on big gain days there have been over 6 MILLION people online browsing/participating in the GME thread. And that's just Reddit, you still have Yahoo Finance, MooMoo and Twitter with absurd numbers as well.
If CCIV does anything close to these numbers tomorrow or in the next week I'll take my profits and scram. :-) [Reply]
Thinking about this. If I were GME management, I'd issue new stock at these levels.
Why not? Lots of buyers out there. A million shares would bring in $100 million. Hell, $30 billion has been traded in two days. Money to reshape the company.
I seriously see no way Gamestop has any form of a future. It's Blockbuster Video part 2. Unless they create a significantly unique and rich in-person experience that they can monetize, they're done. Even used games will dry up once the market goes full streaming. the developers have NO reason to support retail or disc-based games. They don't make money from resale so they are happy to watch it die. [Reply]
Originally Posted by TinyEvel:
I seriously see no way Gamestop has any form of a future. It's Blockbuster Video part 2. Unless they create a significantly unique and rich in-person experience that they can monetize, they're done. Even used games will dry up once the market goes full streaming. the developers have NO reason to support retail or disc-based games. They don't make money from resale so they are happy to watch it die.
They fired the CFO yesterday because he thought like the scenario you just stated.
I think, and I'm no GME expert, but I think they want to go all in on online gaming, sales, etc.. No retail stores, used games, etc.. [Reply]
Originally Posted by TinyEvel:
I seriously see no way Gamestop has any form of a future. It's Blockbuster Video part 2. Unless they create a significantly unique and rich in-person experience that they can monetize, they're done. Even used games will dry up once the market goes full streaming. the developers have NO reason to support retail or disc-based games. They don't make money from resale so they are happy to watch it die.
Ryan Cohen, founder of Chewy.com and e-commerce wizard turned a ****ing dog food reseller into a multi-billion dollar company. He now has a large ownership in Gamestop and has been brought on board to help revamp the company. Lots of speculation but a few insiders have revealed plans to turn stores into esport tournament hosting sites among other things. May work out, may not but I don't think they'll be going out of business anytime soon. [Reply]
