DEI is some zealous American Puritanism which has no relevance in France, so I’m confused how he made the connection?
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?)
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.
guess it’s time to finally sell my GameStop stonk.
Carbon hands, everyone.
… and I’m out of this thing now too. Glad I caught this post.
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 sold all mine the second he started tweeting about trump. Good riddance.
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.
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.
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.
You’re just selling to some roaringkitty fanboy the actual company couldn’t care less. If you’re in a 350 you may as well hold it on the off chance something weird happens and you could break even.
Or, you can sell at a loss for the tax benefit, but that only applies if you have capital gains to use it against. So if you find one year you make some money off some other stock that would be a good time to sell the GME at a loss.
I agree that selling a $100 stock doesn’t hurt the company $100 – but it does hurt them some amount between $0 and $100 which I don’t feel qualified to calculate. The ultimate reason that stocks go down is because people sell.
After the stock is sold by the company it’s completely disconnected. No money to or from the company, no message sent. The only way it’ll hurt them is if they try another offering where they sell new shares and the stock price is low, which will be announced beforehand. Or if they want to buy them back, which probably won’t happen.
Keep the shares or sell them. GS won’t care.
I agree they won’t care about 1 stock, but the board absolutely cares if many people start selling below what they believe to be market value
Whelp time to cancel my GameStop runs.
I don’t support chuds
Can’t cancel what I never did. GameStop routinely has terrible prices, poor selection (in my area), and mediocre service. I buy most of my used games from eBay, and most of my new games from Target (when on sale). Screw GameStop…
The WSB campaign to save it made no sense to me. So many better companies have gone under.
He’s right wing memeing to get another cash infusion from idiots. Solid strategy really for your average corporate sociopath.
Trading in my points and cancelling my membership this weekend. 95K points should get me a few fun things before I never ship there again.
A true believer was lost
Dump the stonks!
Who the hell would be interested ?
For a good price, who wouldn’t? That’s a lot of real estate.
Honestly as a dumbass still holding worthless empty bags labeled GME, I hate Ryan Cohen almost as much as I hate Musk.
I just wish I was paying attention the day it climbed back up to 60$, I would have sold for a small profit in a hurry…
Same same same same same.
It’s a bad sign that you know the CEO’s name.
You didn’t answer my question, just downvoted. Are you retarded? You’d have to be to leave that comment in reply to mine on this thread.
Are you retarded? Honestly I don’t even want to expand on that, are you retarded??
Damn dude, diamond hands or broken hands?
I was locked into FOMO and sunk cost fallacy, I’m now trying to get these scumbags at Computershare to give me my shares back so I can sell them.
Yeah let me know if you ever figure that out :\
Oof, you went full DRS. Not judging, I probably would’ve sone the same if I got in late.
Yeah, it’s an embarrassment I have to live with forever. The person who got me and my friends into it doesn’t talk to my group anymore and I think it’s out of shame. I, in turn, feel shame not only for my part in participation in the market, but for convincing others to buy shares as well.
Fucking thing sucks, I want my money back Ryan, you cock.
TBF it was a good idea to buy, just required the caveat that you should’ve sold in January. I somehow timed my exit well, then proceeded to plough a stupid amount into another meme srock which now sits at -48k, a good reminder that gambling is for idiots. Like me.
Man, that really sucks. I’m sorry to hear that. I had it happen to me once with $SLV.
The stock price is not declining, and is up for the year. What’s the problem?
what an odd thing to say for a company that employs millions of minorities. sold my stock and wont be supporting chewy either
Oh god what did Chewy do?
You might be off by a few million…
The peak employment number for GME was 27,000
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.
RC is turning out to be a giant douche bag. Who would have saw that coming
He always was if you check out interviews with him from years ago. Biggest smug ego of anyone and he talks like a valley girl.
It has nothing to do with his being an abject failure as a CEO. Nope. Nothing at all.
after all that effort from the WSB community to save the company.
I was entirely checked out on gme until a few weeks ago, when I remembered it and decided to drop the bag. Turns out I pretty much broke even. Glad to see I was making the right move
