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by bmiller2 1979 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?)
5 comments
j2bax 1977 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 1979 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 1978 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 1979 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 1978 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 1977 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 1979 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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