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ripcord

(5,553 posts)

24. GameStop's model just doesn't work

Reply to JonLP24 (Reply #23)

Tue Feb 2, 2021, 08:05 PM

Feb 2021

Big box stores and online retailers sell consoles for less, the reason local stores were popular was they were places people could hang out and discuss games with the staff and each other. GameStop doesn't require staff to be knowledgeable about games anymore and they aren't big on "loitering" so they have no real advantage.

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GameStop shares plunge 50% as WallStreetBets traders face billions in losses [View all] brooklynite Feb 2021 OP

This is how it was always going to go sboatcar Feb 2021 #1

I'm Skeptical That The Motives... ProfessorGAC Feb 2021 #4

I agree, the whole thing stinks sboatcar Feb 2021 #8

If you got in at $20/share ($18.38 on 1/7/21) and sold at $400/share (Highest was $468) ... aggiesal Feb 2021 #13

No Argument From Me ProfessorGAC Feb 2021 #16

True, but people who have that kind of money to invest FakeNoose Feb 2021 #18

I agree, but when the big houses see a stock climbing like that ... aggiesal Feb 2021 #19

tsk, tsk Thomas Hurt Feb 2021 #2

I think this will get fixed in the upcoming year by Congress. Calista241 Feb 2021 #3

The Notion Of Borrowing... ProfessorGAC Feb 2021 #6

they also need to stop companies from being saddled with debt to finance their own takeovers paulkienitz Feb 2021 #7

any debt taken to finance it is owed by the buyer themselves and not by the company they now own ... aggiesal Feb 2021 #14

I wish. They've only done that temporarily IronLionZion Feb 2021 #10

Like I said, the redditors are no less parasitic than the wall streeters paulkienitz Feb 2021 #5

Agree. At least this price manipulation technique has been exposed and talked about in the media. Freethinker65 Feb 2021 #9

The Redditors wanted to make money by sending the hedge funds broke. My Pet Orangutan Feb 2021 #12

hedge fund managers will be Roc2020 Feb 2021 #11

The people who got in last are the ones being hurt just like a pyramid scheme ripcord Feb 2021 #15

From what I always heard bucolic_frolic Feb 2021 #17

just highlights that everyone won't be a winner in the market mdbl Feb 2021 #20

This Explains it Roy Rolling Feb 2021 #21

Play stupid games, win stupid prizes The Mouth Feb 2021 #22

You can download games or purchase them from the game console store JonLP24 Feb 2021 #23

GameStop's model just doesn't work ripcord Feb 2021 #24