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by mattbrewsbytes 1950 days ago
If you've watched any of his YT videos you can understand where he is coming from and he has valid points on why GameStop pivoting could be huge. If a successful pivot doesn't happen, he still believes their legacy business of trading in games is still viable. There are lots of gamers without good enough broadband to download 60GB games and are still on older platforms. The new console rollout was impeded by the pandemic from a supply chain perspective and from people having less disposable income.

Regarding a potential pivot, Ryan Cohen of chewy.com, has influenced the board and already appointed 2-3 senior positions that indicate a digital business formulating. There also were questions why the board/CEO didn't exercise their ability to issue more shares with the price up. One answer/hypothesis was they were not allowed to do so with unreleased significant financial information, like if they took on a new agreement of some kind with another company. Rumors and speculation all over the place but most of it leading to conclusions of GME not going bankrupt soon.