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GameStop announces plans to sell off French and Canadian outlets, while its CEO yells about 'Wokeness and DEI' in bizarre, self-defeating promotion
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This post did not contain any content.His company is alive thanks to a meme. Get fucked, CEO
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This post did not contain any content.It has nothing to do with his being an abject failure as a CEO. Nope. Nothing at all.
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That would be a valid assessment if the stock price had jumped **after** the quarterly earnings. Their stock price jumped *before* the quarterly earnings was announced. It has nothing to do with it, nor any of their fundamentals Also notice: Cash flow is neutral or negative and has been for a while now. Revenue peaked in 2018 is now less than 62% of that peak. Revenue per quarter is also down 11% year over year. Company lost 34 million dollars last quarter, and has not had a positive operating income since feb 2018. https://www.msn.com/en-ca/money/watchlist?tab=Related&id=a1tyxm&duration=1Y&src=b_fingraph&relatedQuoteId=a1tyxm&relatedSource=MlAl&l3=L3_FinancialsEven if they continue loosing $34-million each quarter, it will take over 33 years to go bankrupt with the current $4.6-billion cash on hand. Seriously though, I see that earnings per share was positive for 2024. How is that possible if revenue has been negative since 2018?
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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.A sell doesn't happen without a buyer on the other end. It's a wash when it comes to messaging.
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Exactly! It would even be cool to have common ownership _between_ games, like if I bought a license for a cool skin and the dev/modder made the skin compatible with a bunch of other games. The game would just check if I own that particular IP, and the load the appropriate data that corresponds to in the game. It would also be cool to buy and sell houses w/o having to go through a title company ($$$). If deeds were on a blockchain, the state could just look up ownership info and bill whoever the current owner is when tax season rolls around. There are already mechanisms for managing liens and whatnot (smart contracts), so I could completely skip the corrupt financial industry. The same is true for a ton of other things. NFTs could be an _amazing_ technology to simplify a ton of real life things. As long as people agree to a given blockchain, transactions would be incredibly straightforward. But no, scammers had to go and mismarket it, rich people had to use it for money laundering, and governments had to go on attack mode. This is why we can't have nice things.Yep, completely agree
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This post did not contain any content.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.
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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.After the stock is sold by the company it's completely disconnected. No money to or from the company, no message sent. The only way it'll hurt them is if they try another offering where they sell new shares and the stock price is low, which will be announced beforehand. Or if they want to buy them back, which probably won't happen. Keep the shares or sell them. GS won't care.
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This post did not contain any content.after all that effort from the WSB community to save the company.
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Not since Ryan Cohen gave the shorts everything they wanted with the stock sale last year and had absolutely nothing to show for it like a new product or acquisition. Ryan Cohen betrayed his core investors and did something that was supposed to be impossible. He turned a MACD Golden cross into a death cross with a stock sale. Impossible because it would take considerable timing, and back door dealing that is still illegal, in order for it to happen. GameStop dead. Ryan selling assets cuz the ship ain't righted, and he ain't got a better plan. Shrink the business and rip off the small guys that invested.i remember how the wsb sub was little thirsting for him.
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This post did not contain any content.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,.
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After the stock is sold by the company it's completely disconnected. No money to or from the company, no message sent. The only way it'll hurt them is if they try another offering where they sell new shares and the stock price is low, which will be announced beforehand. Or if they want to buy them back, which probably won't happen. Keep the shares or sell them. GS won't care.I agree they won't care about 1 stock, but the board absolutely cares if many people start selling below what they believe to be market value
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This post did not contain any content.He's just pissed his company is on life support, and that WSB just dragged out the inevitable.
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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 govtFair enough they didn't outright buy NFTs. They attempted to enter the market and failed. It's still a loss. And I'm not feeling great about the trading card idea. But hey we'll see, maybe it works out for them this time.
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Honestly as a dumbass still holding worthless empty bags labeled GME, I hate Ryan Cohen almost as much as I hate Musk.It's a bad sign that you know the CEO's name.
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Haha I see I hit a nerve. This is from being dragged to one every weekend as a child... I speak from experiencelol 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".
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I agree they won't care about 1 stock, but the board absolutely cares if many people start selling below what they believe to be market valueLarge traders have different rules and prices than us plebs. Our trades don't even reach the market places, they're being internalized by brokers, who were the ones not actually selling you an actual share to begin with. They'll be happy to take your loss without affecting market prices in the first place. An unfair market place is what the whole diamond hands thing is about. So no, I don't think board members care what us small investors do.
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This post did not contain any content.He's right wing memeing to get another cash infusion from idiots. Solid strategy really for your average corporate sociopath.
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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...The WSB campaign to save it made no sense to me. So many better companies have gone under.
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I have some bad news about farmers for you...Farmer's market farmers generally aren't from giant corporate farms. They *can* have a white supremacy issue though. https://indianapublicmedia.org/news/local-farmers-still-feel-effects-five-years-on-from-issues-of-racism-at-city-market.php
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It's a bad sign that you know the CEO's name.Are you retarded? Honestly I don't even want to expand on that, are you retarded??
![_cryptagion [he/him]](https://lemmy.dbzer0.com/pictrs/image/d8b0463c-f360-4737-9d49-31b7b9364608.webp "_cryptagion [he/him]"){kind=avatar}
