this post was submitted on 19 Feb 2025
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Ya know, when the whole GME squeeze drama was going on, it was real tempting to ride the wave, but I always smelled a rat, and IMHO, their business model was mortally wounded once direct downloads became a viable means of purchase. Without games being reliant on physical media, inventory shrank, and it seemed like most of their floor space was more focused on selling FunCo figures than games.
It didn't surprise me when Cohen started cutting jobs, and I honestly think that the stock has only been kept afloat by the Reddit Apemind and /r/wallstreetbets long past the squeeze has been squoze.
Blaming woke DEI is just a smokescreen and an excuse. Those stores were failing. All of Gamestop is failing, and Cohen's looking to blame anyone but himself.
I would 100% agree on that but something that has kept me apathetic throughout the whole entire shebang was the guy who saw the squeeze when the stock was worth $7 bucks double downed after the squeeze which means he was confident in his analysis that it would be worth more.
Currently the stock would be worth like $80 right now presplit. I threw my first trump covid check into that and a few other stocks and that one has just sat. I'm still in the green now and I do think one day it could go critical again but not because of Cohen.