after all that effort from the WSB community to save the company.
this post was submitted on 19 Feb 2025
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His company is alive thanks to a meme. Get fucked, CEO
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.
He's right wing memeing to get another cash infusion from idiots. Solid strategy really for your average corporate sociopath.
He's just pissed his company is on life support, and that WSB just dragged out the inevitable.
All it had going for it was the over-short-sold theory, which was sound but not enough to prevent the billionaires from just adjusting the way they play the game. The idea to become a focal point for gaming (instead of just a place to buy games and other shit) might have worked but I never saw any changes at all in that direction in any gamestops I visited. Just shelves full of products I only kinda want. And a lot of space dedicated to funkopops, which I don't understand why anyone wants. Does anyone even still want them at this point? I don't think I've every seen someone buying one.
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!
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.
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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,.
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.
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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.
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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?
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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.
The elites don't want you to know this, but you can grow your own plants
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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.
I don't really know much about French politics, but surely there is something similar that right wing reactionaries can get upset about there.
For example a Dutch friend of mine who has been radicalized by Joe Rogan, Twitter, and Facebook tells me that you can't say anything bad about Islam in Holland, as he sends me link after link with fascist anti-Muslim propaganda. (Like... you can't say things that the "news" that you just sent me is literally saying?)
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.
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Sell sell sell!
Seriously, when CEOs say shit like this they're covering for something. Abandon fucking ship
Anyone who didn't sell after the idiocy of the NFT market is a fuckin bagholder through and through.
An NFT market was stupid to begin with, because it's trying to use endless amounts of CPU cycles to enforce an "ownership" system that is genuinely unneeded and only serves to benefit Capital and Capitalists.
Hell yeah let's burn down the planet for fuckin skins in video games! /s
Later, they would shut down the same market, after barely over a year and a half.
This was and is a company with no concrete plans for the future that was spinning its wheels since its core business was failing and continues to fail.
Diamond hands? More like Sunk Cost Hands.
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It has nothing to do with his being an abject failure as a CEO. Nope. Nothing at all.
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