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by 1996 1968 days ago
> Institutions were selling naked shorts and will be forced to cover

Serves them well!

Play stupid games, ...

I smile inside thinking WSB has enough power to cause a gamma squeeze and punish institutions speculating against a company gamers love!
2 comments
bmiller2 1968 days ago
No gamer loves GameStop, where’d you get that idea? They are known for buying back your 60$ blockbuster game after a month for $3, and reselling for $55.

They should be dead in the water, and the shorts will eventually be correct, if they can’t pivot to a digital presence (which they can’t, because why would anyone go outside of the native platform stores?)

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j2bax 1966 days ago
Ryan Cohen chewy.com cofounder has gotten involved and bought a 10% stake in the company and intends to amp up their online footprint selling a wide range of merchandise. There is more at play here than an epic WSB super troll.

https://www.businessinsider.com/gamestop-stock-price-chewy-i...

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oarsinsync 1968 days ago
> if they can’t pivot to a digital presence (which they can’t, because why would anyone go outside of the native platform stores?)

Price.

It’s often cheaper to buy a “CDKey” from a third party site and stick it into the native platform store than to buy direct.

It definitely adds friction though, so it’s unlikely to become the primary method for most.

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cwhiz 1967 days ago
It’s not THAT bad. I don’t love GS, but I would be sad and disappointed if the one near me closed. It’s a convenient place to buy used games.
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sumedh 1968 days ago
> They are known for buying back your 60$ blockbuster game after a month for $3, and reselling for $55.

Why would anyone sell it for $3?

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bobthepanda 1967 days ago
Ease of access to funds and buyers. GS takes all the risk of having to find an ultimate end buyer. If that buyer has issues they take it up with GS not you. And GS can give you that money right now in the store so you can buy something else at the store at that moment.

Plus a lot of people trading in games were minors, who don’t exactly have easy legal access to say online means of selling.

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sumedh 1966 days ago
So GS is providing a valuable service, not sure what the problem is. If you dont like GS you can always sell and buy games on facebook marketplace and other sites.
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austhrow743 1968 days ago
If they can get away with that sort of margin for a business with basically no moat then people must love them.
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3327 1968 days ago
Stonks go up. Shitron will rot under the WSB banner.

This is the way.

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