after all that effort from the WSB community to save the company.
His company is alive thanks to a meme. Get fucked, CEO
He’s right wing memeing to get another cash infusion from idiots. Solid strategy really for your average corporate sociopath.
Whelp time to cancel my GameStop runs.
I don’t support chuds
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.
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.
Dump the stonks!
He just needs to stop, Trumps bro-circle jerk is already full.
I hear they’re moving to a bigger venue.
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,.
guess it’s time to finally sell my GameStop stonk.
Carbon hands, everyone.
I sold all mine the second he started tweeting about trump. Good riddance.
i made $5 from years of holding 😂 quickest sell of my life
I lost $300 bucks but here’s what I gained: I stuck it to the man in 2021, and I am sticking it to Ryan Cohen today.
I bought a share at $350. Still holding. Tbh it’s just not worth the effort of resetting my Robinhood password to sell it.
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.
I assumed it’d be good for them in some way if I sold (I don’t understand stocks). If it sucks for them even a little I’m selling.
A sell doesn’t happen without a buyer on the other end. It’s a wash when it comes to messaging.
it’s not a wash, because you sell for a different price than you bought at.
I’m not saying it’s a wash in terms of price. Instead, I’m saying it doesn’t send a message through some tally of sells for the day, because buys and sells are at a 1:1 ratio.
Oh yeah, definitely. I didn’t mean about a tally of sells.
… and I’m out of this thing now too. Glad I caught this post.
DEI is some zealous American Puritanism which has no relevance in France, so I’m confused how he made the connection?
I doubt it’s related:
The reality is that the physical side of GameStop’s business has been in steady decline for a while. In 2019, GameStop closed around 200 stores in an attempt to “reboot” the company. GameStop’s fortunes briefly rose due to its 2021 stock surge, but shares quickly plummeted following that initial spike.
They’re probably just not making a profit anymore in those regions, so they’re closing up shop, and the CEO took the opportunity to go on a largely unrelated rant.
Are redditors still diamond hands on gme?
Let me tell you a story… I sold off all my Bitcoin and put it all into GME stock right when it was starting to go up… Because why not right? It wasn’t much like it was worth 1000 bucks or something… Because everyone said the bitcoin bubble was going to pop or something… And then Bitcoin went from 30k to 60k in like two months… And now it’s closer to 100k
Long story short I make bad choices and no fuckin way I’m selling my GME for a loss just for it to double or triple again in two months
-whispers into your ear-
You should sell.
I think people underestimate the mental health benefits of never thinking about whether number you can’t control or predict go up or down.
Yup. I buy broad index funds, and the only time I need to think about it is when I do my taxes. I check more often, but more out of curiosity than anything (I like seeing line go up).
I already said it but my investment is less than it’s worth and I really don’t care about it… if it does go back up a lot I would rather have it and be able to sell then do another Bitcoin situation
I see you jack.
Jack: This is GE!
Banks: It’s just G now, Jack. I sold the E. To Samsung. They’re Samesung now.
God, where’s the 30rock Lemmy?
just for it to double or triple again
Wow, talk about sunk cost fallacy…
Nah my initial investment wasn’t nearly as much in Bitcoin…
The amount of the investment is irrelevant, what’s important is the expected future return. Do you expect GME to increase faster than other options in some time frame? If not, sell it and invest in something with a higher expected return. Likewise for Bitcoin.
Whether something is currently up or down is irrelevant, as is the amount of your investment. The only relevant detail is the expected return and risk (variation) in the investment. Anything else is just gambling.
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Where is the /s?
WHERE IS THE /S?
It’s really greentext
It’s not I assure you… I paid like 50 bucks for the Bitcoin I think maybe 100 at most… I had it for a while… I don’t care about the money it’s mostly written off I just let it sit at this point because you can’t time the market or something
It’s more a commentary on your writing style, but the potential for satireality is written all over it.
<be me
<sell off all my Bitcoin
<put it all into GME stock right when it was starting to go up
<because why not right?
<1000 bucks or something
<because everyone said the bitcoin bubble was going to pop or something
<bitcoin goes from 30k to 60k in like two months
<now it’s closer to 100kLong story short I make bad choices and no fuckin way I’m selling my GME for a loss just for it to double or triple again in two months
I blame the lack of attention, and focus… But I guess your right…
Taking the loss on GameStop is something you can take as a tax write-off for years (depending on the size of loss).
Frankly I think every stock-oriented subreddit is a controlled operation meant to pull value from the subscribers only. I doubt almost any thread on those subs are people authentically sharing their perspectives.
At the rate these chains are telling me to fuck off with my business and ignore them I’m gonna end up with nothing but farmer markets and crafts shows to shop at…
And somehow, Costco? Weird twist.
It’s not even a weird twist it’s just people who understand how capitalism actually functions and realize that investing in their workers means their workers have more disposable time and income to spend buying shit at Costco.
It’s wild to me that we’ve had to go from advocating for leftism/unions to “if we are gonna do capitalism shouldn’t we at least do it in a way that won’t break literally everything?”
Costco is simply a traditional capitalist business that doesn’t want to see the economy completely implode for everyone but the rich. They are simply promoting capitalist economic fundamentals that made the US an economic powerhouse in the world and built a wealthy “middle class.”
Treating your workers well is also an attempt to prevent unionization. Only about 8% of Costco employees are represented by a union.
Ford used to say something to the effect of ‘pay your workers well enough to afford the product they’re building’ and it seemed to work well.
He was also a horrible anti-semite
Yes… but not really relevant to discussions of businesses not actively trying to completely crush the middle class here?
That too, though I haven’t had reason to go there just yet. Curious to see some stats over the year to see if there’s a notable bump for them due to standing against the trend to kill DEI.
I also haven’t had a reason to go there, haha. Probably soon for diapers, though, as Target is also shooting itself in the foot.
Nearest Costco is about 45 minutes from me so while it looks like a decent replacement to Target, it’s going to have be a bit more planned that just pop out for a quick thing.
Still sort of working on how to keep track of who all I need to avoid. It may only be a small amount but I’m a stubborn one when it comes to avoiding shops. The city pissed me off once so I refused to use their municipal beer shop for like a decade after.
Honestly, is that a bad thing though?
Nothing really aside from the annoyance of living where everything is 20 miles apart makes shopping at multiple small shops quite time consuming.
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What’s so bad about that?
They don’t sell a lot of video games at farmers markets and craft shows… You have to go to a flea market for that, and those are rather dodgy.
You can get them online for free
What ya dont want to gawk at the gangster spongebob shirts that seem to be at every stall?
It’s moreso that the vendors seem to fall into two not entirely seperate categories.
- The sheistiest sheister that you would be terrified to get in a van with.
- Someone who definitely has a borderline illicit script of oxy on them and think bathing is an option, and a philosophical dilemma.
Holy fuck, it’s obvious you don’t feel comfortable around people you perceive as “less than you” lol. “illicit script of oxy on them and think bathing is an option” Do we have a Lemmy Uppity Award for fake narratives?
If you actually walked around a flea market, as a human being, you would see it’s mostly families and senior citizens. You’ve selected a few “characters” for your narrative and have grossly stepped into some pompous position of enlightenment. Anyone that loves cheap electronics to tinker with absolutely gets thrilled to go to a flea market with some disposable income.
It takes a special kind of drug induced “sketchy” person to wake up at 6am on a saturday to try and make some income, damn shame there’s people like you out there that wouldn’t give the location a chance but will walk into any corporate store without a thought to “all the shady, drug ladened CEO’s you don’t want to get into a van with”. But you can’t see them so I suppose that might make it better for you.
Haha I see I hit a nerve.
This is from being dragged to one every weekend as a child… I speak from experience
My family was in the latter of the two. Obviously I generalized a bit for comedic purposes, but there really are two type of people at flea market.
The ones whose household income is derived from it. I don’t trust these people as far as I can throw them. They lie about their goods, it’s almost always straight from China and marked up like 10x.
Then there are the normal people trying to make some side income. These people are usually older and skew more towards veterans. That demographic just gets prescribed a lot of oxy, and they often borrow or trade.
It just is what it is… And I will not apologize about the shower comment. Nicest people, but most of them could use hygiene lessons.
lol 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”.
They don’t sell a lot of video games
Wait, y’all buy them?
[AwkwardMonkey.jpg] 👀
I’m at 200+ owned on GOG here, takes a lot less physical space than all those GME disks I used to pick up.
It has absolutely nothing to do with their entire core business model being obsolete.
Nor with the issue that they’ve been hemmoraging money at a staggering rate.
Wait, their business model of giving you $3 for a game they’ll charge $50 for isn’t working? The business model that I have to go drive and interact with someone and hope the game is in stock? Who would have thought?
It has nothing to do with his being an abject failure as a CEO. Nope. Nothing at all.
Sell sell sell!
Seriously, when CEOs say shit like this they’re covering for something. Abandon fucking ship
