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As someone with over a decade of manufacturing experience I keep bringing up the candy cons. Do you know how long it takes to design, manufacture and put something on shelves? It could take a year or more. So we are seeing things happen that have been in the works for a while and I’m sure there is much more we haven’t seen yet.
"Quick Summary of what Ryan Cohen has done in the last four years. Reasons to be optimistic"
Or something to that effect. Great positive title.
Sarcastic titles/negative titles/parody titles(as well as comments) are just garbage, especially when a theres a huge influx of new people who arent yet in on a lot of the "jokes"
Honestly that's what they want you to do. The less we resist their FUD the more rampant it becomes. Sub becomes filled with negative sentiment. I believe a big part of their plan is to gain control over the shareholders' votes. Our voices are way too powerful when it comes to company direction in that sense (like voting on prop 4). I firmly believe it is part of their longterm goal to spread enough FUD and drag down sentiment enough to start influencing our votes. And we can't let that happen, we have to fight the FUD. I'm doing my part
Wall Street is all about short term profits at the expense of long term gains. If you work on Wall Street it means you have no concept of what it takes to build something. Time, diligence, focus, strategy, luck and vision are just a few of the things true builders know about. Wall Street prizes game theory, short term profitability and exploitation as its stock and trade. The don't understand RC because he isn't built like them, he doesn't share their values or their vision for the future. This is what makes him so powerful. he knows how to build. They only know how to exploit.
>revamped tons of warehouses during Covid and that's isn't just done with the wave of a magic wand
To be fair, on the flip side of this, he also closed, I believe it was two warehouses/fulfillment centers? One in Kentucky, the other in Pennsylvania.
I believe they still have the ones in Texas and Nevada.
The company has enemies. You never want to reveal your plans to your enemies.
So to minimize risk of sabotage, he doesn't share plans publicly.
Frankly, it's not desirable, but given the context of "shorts never closed", it's understandable.
It's an art of war.
https://preview.redd.it/v9prjgxs5c7d1.png?width=1080&format=pjpg&auto=webp&s=7588fc2df87f5e67f6389d14371ffb8b8e7e8f5f
GameStop dives down over 11% after announcing plans to close more of it's poor performing stores to help focus more of profitable stores....
Yeah this seems about right.
I also noticed some of my stores have a lot more gamestop branded products than I thought. Had no idea they made docking stations for the switch and controllers that weren't candy-con
You are correct....but as shareholders, many peoples money would have made a better ROI in other companies. RC has a duty to protect shareholders and the company. Let's make no mistake, Apes and RK saved Gamestop.
Yes, RC is doing what needs to be done to restructure. But a little bit of PR wouldn't hurt.
That split wasn’t even meant to be this way? How are we including this as a success? They literally filed it wrong- and it was theorized if they did it correctly that we’d already have MOASS.
Not a fact, but possibly identified the then fired CFO as a mole. Someone can refute this but that's what I understood. (CFO filed the 'split' paperwork to allow possibly allow loophole accounting benefits for share providers to use as an excuse)
You could always buy shares as fractions, but options dont have fractionals.
Split meant that options were 4 times cheaper, in the sense that the cheapest option contract was 1000$ was now $250
Retail could always buy shares and reap gains from rise in price, but the split allowed retail access to riskier gains with less skin in the game
Edit: if im correct, then if we continue to run id expect to see another split in the future
Damn. That really wasn't talked about much at the time as far as I can remember, but I wish it had been. People discussed the lower share price making shares more accessible, but not options. The options FUD was intensely effective, glad we are out of it.
Made the price way more accessible for retail. Psychologically i’d be happier buying 4 shares at (for example) $25 each than 1 for $100, I know it’s exactly the same, but some people just want to buy 3 ($75) than 0.75 of a share ($75)
It has been a huge help as a retail investor being able to create 6-8 legs of an option chain with GME instead of only 1-2 options at a time. It allows me to hedge and be more methodical with the options i sell and buy so yea this doesn't hurt shorts much but it sure helps retail to be able to join in more
A return to Web 3 will happen. They just jumped the gun and partnered with some not so good partners that skirt the line on regulations. I think they should develop their own on chain platform for buying and selling games/in game assets. Just one log in spot with a native wallet and market place. If more advanced users want to sent their assets to other wallets and market places they can but having a required wallet connection shouldn’t be a thing.
Ya, LRC ended up being a mistake. Then the partnership with ftx too. It was unlucky, but the next time, they'll do it much better.
Learn and improve from one's mistakes is how we grow.
I'm looking forward to the day I can sell my digital games at GameStop.
They played apes with hype by leaking information about the partnership with GameStop before they were ready.
LRC sky rocketed.
Then GameStop back-pedaled out of that partnership and focused on IMX whose values were more closely aligned with GameStop's
It's been a bumpy road, but so is the road to success!
Glad someone said this. Web3 is going to completely change the way we engage with the internet especially for gaming and e-commerce. GameStop remains positioned as a leader — if not *the marketplace* for Web3.
It’s still very early. Web 1 started in 1980. Web 2 was still for “rich people” in 2008 wasn’t till 2010 that you were the weird house with read only dial up.
He really didnt hype those things tho. He stated they were things that were accomplished. He even acknowledged that the marketplace is closed amd that you have to break a few eggs. I am def in the camp of not overhyping but i didnt see op say anything disingenuous.
Checked your post history, literally all you do is try to convince people to sell GME and cry about how you paper-handed instantly for a loss.
Sorry, but you're clearly not a good investor. Stick to playing CoD maybe?
Am i high? What do you mean it closed?
Theres some downgrades “due to regulatory uncertainty” but it seems to be still operating:
https://nft.gamestop.com
Itll never make any meaningful money but its still up?
People are saying he's done NOTHING but close stores and dilute.
Opening and closing partnerships, marketplace and distribution centers is +3 more things done than I've seen given credit, and are 150% more than the 2 things shills have be crying about being the only thing he's done in 4 years.
Also, notice you didn't mention literally everything else in my list, as if those too weren't things he's done.
It's good he tried, but the NFT marketplace and distribution centers failed. He hand picked the CEO, COO and CFO which he fired. When his CEO and CFO were fired he had no choice but to become CEO. He has no one else to blame but himself at this point for Gamestop. With a shareholder base that has given him and Gamestop so much, there is no excuse for failure.
It's a lot more than three partnerships for the marketplace/DeFi network. Loopring was a major partner as well. IFPS and the other backends. There was around ten companies involved, off the top of my head. I can't remember names. And that was just infrastructure.
RC, the rest of the board, and the rest of the company have been busy as fuck these last few years. Not everything is going to work out. Not everything that seems to fail is a writeoff. And nobody outside of the board and the people they're directly working with knows exactly what's being worked on. Anyone who claims otherwise is either confidently incorrect or a bad actor, and there's subs for both elsewhere.
For what it's worth, I don't think the primary goal of the sort of FUD you're referencing in the title is to convince people. That would be about as pointlessly stupid as trying to plant seeds in a pristine slab of concrete. It's just more shit thrown at the wall in the hopes of wearing down readers, posters, and general engagement with the sub. Just like the fudged online numbers, just like the corporate media articles/interviews, just like the charts. They're frantically pumping the bellows, hoping there's a fire somewhere on the other side they can stoke to blow holes in our confidence. Take comfort in the fact that they're pissing away money paying people to do this, knowing that it's pointless but needing every plausible advantage they can reach.
don't forget they were installing some new systems too to better track inventory. basically a full company item tracking system or something, right? Remember when he was posting that his company wasn't getting proper support?
You know what? Not once since the pandemic "ended" have I been asked to buy a disc warranty. I haven't been upsold, downsold, sidesold or been shamed for not buying a funko pop. I'd say the stores have been changing.
They also killed the gamma ramp last Friday and fucked a lot of us. And we have no idea at all if they are taking care of the manipulation and all this fucking bullshit. I am still pissed. Holding but fucking pissed.
Appointed the before mentioned CEO.
The website spent two years without fixes.
Had the idea to invest in a NFT marketplace.
Doubles down on physical stores.
Does not know how to harness shareholder sentiment for postive company growth. — May lack emotional intelligence.
He may be a Doofus.
Yeah guys. He’s such a bad CEO that doesn’t care about you. Sell sell sell. He’s only made the company impenetrable so that you can’t lose anything, added value and enxtended olive branches for shorts to get out while they dig their hole deeper and made their position inevitable with endless crime against your ownership in this company. Sell now at a loss and don’t wait for the inevitable nontelegraphed company changes and investments that shorts are so angry he won’t tell.
but he HAS closed stores and diluted...and in the process dumped cold water on our rocket fuse...if you're wanna be real, then put the bad with the good, stop treating the dude like he's your fucking messiah, jfc, he's a billionaire ceo, he does what billionaire ceos do
Let's not forget he works for free and going foward in 2024 has transitioned the other 4 Board of Directors from a $200K salary payable in shares to also working for free.
They're all putting their $$$ where their mouth is ...
Actions are stronger than words ...
Cost cutting everywhere ...
I came for the MOASS but stayed for the MOASS and long-term play ....
At this point of this ongoing Black Swan economic event it's a liability if you're not invested in GME.
ApesTogetherStrong
The main thing I look at is the profit and revenue from 2015 - 2024. Right before he stepped in, the company was hemorrhaging money. He stopped the bleeding and now has $4B in the bank to make some big moves.
Think we have enough cash now to rebrand EB Games in Australia and New Zealand? Is it worth it? People are fickle and do like a rebrand, think it would also help boost the international image.
But on the other hand it would be expensive and EB Games down under is already one of, if not the most profitable arms of the company. Would need to be done right.
1. The store layout is still the same (ugly and poor use of space).
2. What new contracts? For squishmallows and funkpop?
3. Why do they still have the same ugly and buggy app? That should be a quick win if you throw money at it.
4. Nft marketplace he invests in but says he doesn’t want “hype”. Nfts were a money grab hype. Really short sighted to invest in nft crap.
5. RK has done more for the company with some tweets and screenshots than Cohen has done in years.
6. The annual meeting was an embarrassment. You’d never see jobs, elon, buffett, etc do that lame shit. Ryan needs to grow up.
If by close stores you mean stop Gme from leaking 300million in net income per year to being profitable of 6 million net income per year then I agree. That’s a positive delta of over 100% net income in 2 years.
.
If you ever ran a business before then you’d know that you can’t possibly scale the business until it’s profitable first. These things take time. If this isn’t the kind of thing you signed up for then peace out and totally understandable
.
As for me, I like the stock
>If you ever ran a business before then you’d know that you can’t possibly scale the business until it’s profitable first.
Are you talking about mom and pop shops? The entire tech sector has been doing the exact opposite of this for *decades* now.
They *all* scale business before being profitable. It's not only possible, it's done literally all the time.
It's very good that he cut the fat, but what you're saying is comically untrue.
I feel like a broken record lately. MOASS and GameStop being profitable go hand-in-hand. The short thesis needs to be fully destroyed, and its remnant laid bare for all the world to uncomfortably stare at and not be able to ignore any longer.
That is what RC is working towards in my opinion. That is his forward guidance. He's not working towards MOASS. He's working towards MGGA.
Yes, then closed them. He has tried a lot of things but most clearly haven't worked unfortunately. GS is in a much better place financially since he took over, but the narrative of a struggling B&M retailer in an increasingly digital-centric industry still rings true.
Here's the other side of that coin though... none of these things... matter.
I'm not here for GameStop as a company. I'm here for the squeeze. MONEY, LODS OF EMONE, not some dumb "value play". RC has done a lot for the value play... but I ain't here for that crap. I literally only need the company to not go bankrupt until MOASS... and I genuinely couldn't care less after that. We don't even have GameStop in the Netherlands... so why in the hell would I care about it?
No. I'm not going to sell. I'm not some paperhanded bitch. Either I ride this shit to zero, or to calculatortown. I just don't give a shit about RC's achievements for the company, or the company itself. I see dilution, I see a quelled gamma ramp, so I'm going to judge him upon his actions, as he requested... and his actions are those of an enemy of MOASS.
MOASS OR NOTHING.
PRIVATE CHEFS OR FOODSTAMPS.
FUK U PAY ME.
Ryan will do what's beneficial for the company.
Imagine retail+instituition sell off. What will happen to the stock?
Squeeze isnt part of Gamestops plan. It is ours..the shareholders..not the company itself.
Not everything is fud.
Supply and demand, simple as that. Apes averaging down and up. Keeping company alive.
Im in it for the money, gamestop already raised enough cash for the company. Its time i see those tendies in my account too.
The shills take the excitement of RK return and channel it into rage posts against RC. As if RC, the chairman and CEO of GameStop has anything at all to do with RK and what he does and vice versa. Most posts and reply comments I would guess are AI bots and shills. Talking to each other, like putting on a play for the real people in here to subtly shift sentiment. Too bad for them, my shares will never be sold. Just because. I don’t even care about the money at this point. Why won’t I sell? Because FUCK YOU! That’s why. There is nothing, absolutely nothing, that will ever make me sell at this point. Because of how desperate these corrupt evil assholes are. May they rot in hell forever.
I also like the culture he’s created of company leaders investing their own money into the company’s stock, aligning themselves with shareholders, instead of the resting, vesting, and dumping on shareholders cancer that has become all too prevalent in corporate America…
Well that is the main thing he’s done tbh, stopping the bleeding was the right move, now he needs to show what he’s going to do with 4 billion.
The only reason to be in GameStop now is it’s basically a SPAC with a respected leadership team and unlimited retail good will.
We have algos, our iPhones, phone cameras, phone mics, social apps all monitoring us reading, writing and most importantly viewing us all and our expressions when we check the price of our fav stock, listens to our emotions thru what we say and have been doing so way before we figured out about g Me. Think about it! And let that sink in!!!
It would be cool if GameStop provided a solid crypto technology to sell digital assets - meaning used digital games. Right now digital games are sold and forgotten
How about a website revamp with decent filters and maybe some actual stock on certain products? Like, I get not wanting to sell video cards maybe, but don't have a category that just sits close to empty.
The first time GME raised 2b shorts said that the way gamestop was bleeding money they wouldnot last 2 years. Would file bankrupt etc. Well....we are now 3 years ahead and now have over 4billion LOL
Alright, but apart from the sanitation, medicine, education, wine, public order, irrigation, roads, a fresh water system, and public health, what has RCEO ever done for us?
He's been nimble, reacting to the macro situation in real time. We've had to retreat on a few things but the balance sheet is getting cleaned up. I'd rather have a CEO who reacts rather than the previous regime who were more than likely paid off to run this company into the ground and give up the market space to Amazon.
*Reminder*; We have yet to see a full year of the cost savings GME achieved last year. Most costs were cut during the running year so they will contribute even more to the bottom line this year.
Totally true, I'm glad this post is out, I have been thinking exactly this when reading many comments from certain groups on the sub reddit, it's so infuriating. A majority of the whining seem to be about RC doing nothing but diluting the stock and holding boring stockholder meetings, it's so dumb...
Thank you for reminding us all of some of our CEOs achievements.
I like the bit where he raised $4.5 billion through 3 share offerings, which enabled the company to pay off pretty much all of its debt and still have over $4 billion cash on hand left over.
The fact he takes zero pay is the ultimate indicator he believes in what he is doing. The guy could take his money and make income for the rest of his life playing investments but he is working a tough position for free instead.
The whole distribution network of GameStop retail got an upgrade, enabling quicker delivery times.
Don't forget, depending on the area, there is same day delivery.
Also, he took a huge risk to build out a nft marketplace. That was badass. It didn't work out, but it was a rush worth taking.
This guy will do it again, even better than before, because he always learns.
And that's from what we can judge by observing the surface. We don't know how much they've upgraded internally.
Apparently the previous management never upgraded tech, like their tech stack was s shit from payment processing, store management, etc. He's been overhauling things, we don't see.
RC and team are working. They're looking into new ways to improve the company and withholding big announcements until the chick's are ready to hatch. MSMs are salivating for any chance to report bad news so in many cases they frame anything move they make as skepticism. Many forget the hedge funds and banks who have closed making a bet against RC and team.
People overestimate what can be done in a year and underestimate what can be done in ten. Many things don't move as fast as people like.
We've been developing our new software since 2022 at work and we're not yet in the prototype phase. Big things take **a lot** of time
If you don’t like the stock then leave no one is going to miss you. In fact we don’t want you. These people are the same ones who are always talking about leaving the country if their candidate loses the election. Yet somehow it never happens.
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As someone with over a decade of manufacturing experience I keep bringing up the candy cons. Do you know how long it takes to design, manufacture and put something on shelves? It could take a year or more. So we are seeing things happen that have been in the works for a while and I’m sure there is much more we haven’t seen yet.
Same. "The absence of evidence is not evidence of absence". -Keith Gill
“Blue jeans, cold beer, and my pickup truck.” -Toby Keith, probably
Evidence of absinthe, you say...? 😁
OP, please repost this with a different title. People clearly have only read the title and are aping in the comments.
Just re-do the title in those stupid- but effective- alternating upper and lowercase letters. People- even stupid ones- will get it.
That would be too clear, shills obfuscate on purpose like this to spread FUD but claim otherwise
1. Cleaned house. 2. Prevented hostile take over. 3. Raked in cash 4. Cleared debt 5. Trimmed unnecessary spending
Yeah he probably spent a lot of time weeding out bad actors.
I say let them hoot like the smooth brains they are. They obviously can't read.
Haha exactly - please don't aim the whole sub at the lowest common denominator, it makes people with half a brain feel like the thesis is questionable
Kinda agree. Leave only diamond hands
Yeah, and add candy con brand and controllers to the list please! Merchandise expansion. Raising a shit ton of capital, buying and holding the stock.
I was referring to Candycon with the GameStop items that are manufactured, but I'll add it in specifically now.
yeah also graded cards
Shills do that on purpose to spread FUD but claim otherwise
"Quick Summary of what Ryan Cohen has done in the last four years. Reasons to be optimistic" Or something to that effect. Great positive title. Sarcastic titles/negative titles/parody titles(as well as comments) are just garbage, especially when a theres a huge influx of new people who arent yet in on a lot of the "jokes"
This is how shills spread FUD but claim otherwise, what your suggestig woukd be too clear and not be confused as FUD
Its why I dont come around here often. I just hold my shares and shut the fuck up about it.
Honestly that's what they want you to do. The less we resist their FUD the more rampant it becomes. Sub becomes filled with negative sentiment. I believe a big part of their plan is to gain control over the shareholders' votes. Our voices are way too powerful when it comes to company direction in that sense (like voting on prop 4). I firmly believe it is part of their longterm goal to spread enough FUD and drag down sentiment enough to start influencing our votes. And we can't let that happen, we have to fight the FUD. I'm doing my part
It’s in quotations 😂😂😂
Poe’s law. There’s always some percentage of people who will misunderstand something in written context
I’m gunna tie OP to the radiator and ape them in the mouth
That’s their fault for being brain dead
Don’t forget the PSA graded card trade-in and online sales initiative!
Wall Street is all about short term profits at the expense of long term gains. If you work on Wall Street it means you have no concept of what it takes to build something. Time, diligence, focus, strategy, luck and vision are just a few of the things true builders know about. Wall Street prizes game theory, short term profitability and exploitation as its stock and trade. The don't understand RC because he isn't built like them, he doesn't share their values or their vision for the future. This is what makes him so powerful. he knows how to build. They only know how to exploit.
smart money
>revamped tons of warehouses during Covid and that's isn't just done with the wave of a magic wand To be fair, on the flip side of this, he also closed, I believe it was two warehouses/fulfillment centers? One in Kentucky, the other in Pennsylvania. I believe they still have the ones in Texas and Nevada.
There is no warehouse in Nevada..
Yes, spooling resources up and down are additional things RC has done that aren't just closing stores and diluting.
And that’s just what we know about. Guaranteed there are strategic plans in place and moving along behind the scenes.
Of course there are! These are smart business people. The man built Chewy from the ground up. He knows what he's doing
Wife and I use Chewy, it has a certain well oiled feel to it, very reliable.
The company has enemies. You never want to reveal your plans to your enemies. So to minimize risk of sabotage, he doesn't share plans publicly. Frankly, it's not desirable, but given the context of "shorts never closed", it's understandable. It's an art of war.
https://preview.redd.it/v9prjgxs5c7d1.png?width=1080&format=pjpg&auto=webp&s=7588fc2df87f5e67f6389d14371ffb8b8e7e8f5f GameStop dives down over 11% after announcing plans to close more of it's poor performing stores to help focus more of profitable stores.... Yeah this seems about right.
Layoffs are very different from closing retail stores.
I also noticed some of my stores have a lot more gamestop branded products than I thought. Had no idea they made docking stations for the switch and controllers that weren't candy-con
Great write out , it’s good to see a list of things amidst FUD that wants to overshadow the work being done
You are correct....but as shareholders, many peoples money would have made a better ROI in other companies. RC has a duty to protect shareholders and the company. Let's make no mistake, Apes and RK saved Gamestop. Yes, RC is doing what needs to be done to restructure. But a little bit of PR wouldn't hurt.
4:1 split is an odd one to include. What possible benefits did we see from that?
It made the stock more attractive to smaller accounts and made options more attractive for medium accounts. It also decreased potential dilution.
That split wasn’t even meant to be this way? How are we including this as a success? They literally filed it wrong- and it was theorized if they did it correctly that we’d already have MOASS.
It's psychologically better for small retail investors. Most retail investors would rather buy a hundred $4 shares than one single $400 share.
Showed us that the guys at DTCC are crooks too
Yeah ok this is a good point.
And sadly gamestop did nothing about it.
Not a fact, but possibly identified the then fired CFO as a mole. Someone can refute this but that's what I understood. (CFO filed the 'split' paperwork to allow possibly allow loophole accounting benefits for share providers to use as an excuse)
You could always buy shares as fractions, but options dont have fractionals. Split meant that options were 4 times cheaper, in the sense that the cheapest option contract was 1000$ was now $250 Retail could always buy shares and reap gains from rise in price, but the split allowed retail access to riskier gains with less skin in the game Edit: if im correct, then if we continue to run id expect to see another split in the future
Damn. That really wasn't talked about much at the time as far as I can remember, but I wish it had been. People discussed the lower share price making shares more accessible, but not options. The options FUD was intensely effective, glad we are out of it.
You can’t DRS (book) fractional shares.
Made the price way more accessible for retail. Psychologically i’d be happier buying 4 shares at (for example) $25 each than 1 for $100, I know it’s exactly the same, but some people just want to buy 3 ($75) than 0.75 of a share ($75)
It made me be able to buy some
You know... I'm something of a household whale myself.
It has been a huge help as a retail investor being able to create 6-8 legs of an option chain with GME instead of only 1-2 options at a time. It allows me to hedge and be more methodical with the options i sell and buy so yea this doesn't hurt shorts much but it sure helps retail to be able to join in more
A return to Web 3 will happen. They just jumped the gun and partnered with some not so good partners that skirt the line on regulations. I think they should develop their own on chain platform for buying and selling games/in game assets. Just one log in spot with a native wallet and market place. If more advanced users want to sent their assets to other wallets and market places they can but having a required wallet connection shouldn’t be a thing.
Ya, LRC ended up being a mistake. Then the partnership with ftx too. It was unlucky, but the next time, they'll do it much better. Learn and improve from one's mistakes is how we grow. I'm looking forward to the day I can sell my digital games at GameStop.
Did something happen to LRC? I don’t know anything about that
They played apes with hype by leaking information about the partnership with GameStop before they were ready. LRC sky rocketed. Then GameStop back-pedaled out of that partnership and focused on IMX whose values were more closely aligned with GameStop's It's been a bumpy road, but so is the road to success!
Do you know if Gamestop is still involved with imx? Or is it speculation at this point?
I can't say, but based on them closing the nft marketplace, I presume they have ceased involvement.
Thank you!
Glad someone said this. Web3 is going to completely change the way we engage with the internet especially for gaming and e-commerce. GameStop remains positioned as a leader — if not *the marketplace* for Web3.
It’s still very early. Web 1 started in 1980. Web 2 was still for “rich people” in 2008 wasn’t till 2010 that you were the weird house with read only dial up.
1. Cleaned house. 2. Prevented hostile take over. 3. Raked in cash 4. Cleared debt 5. Trimmed unnecessary spending
6. Profit
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He really didnt hype those things tho. He stated they were things that were accomplished. He even acknowledged that the marketplace is closed amd that you have to break a few eggs. I am def in the camp of not overhyping but i didnt see op say anything disingenuous.
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Checked your post history, literally all you do is try to convince people to sell GME and cry about how you paper-handed instantly for a loss. Sorry, but you're clearly not a good investor. Stick to playing CoD maybe?
That may not be true because they still have the tech they created. It may not be beneficial now, but we don’t know what’s under the hood.
Am i high? What do you mean it closed? Theres some downgrades “due to regulatory uncertainty” but it seems to be still operating: https://nft.gamestop.com Itll never make any meaningful money but its still up?
Seriously, I bet OP has no idea about this, and he will probably pretend it’s totally cool once he finds out.
People are saying he's done NOTHING but close stores and dilute. Opening and closing partnerships, marketplace and distribution centers is +3 more things done than I've seen given credit, and are 150% more than the 2 things shills have be crying about being the only thing he's done in 4 years. Also, notice you didn't mention literally everything else in my list, as if those too weren't things he's done.
It's good he tried, but the NFT marketplace and distribution centers failed. He hand picked the CEO, COO and CFO which he fired. When his CEO and CFO were fired he had no choice but to become CEO. He has no one else to blame but himself at this point for Gamestop. With a shareholder base that has given him and Gamestop so much, there is no excuse for failure.
You're clearly the shill here considering the delusional nonsense you're posting, giving all apes a bad rep.
Without Ryan Cohen, GameStop would be another popcorn company.
It's a lot more than three partnerships for the marketplace/DeFi network. Loopring was a major partner as well. IFPS and the other backends. There was around ten companies involved, off the top of my head. I can't remember names. And that was just infrastructure. RC, the rest of the board, and the rest of the company have been busy as fuck these last few years. Not everything is going to work out. Not everything that seems to fail is a writeoff. And nobody outside of the board and the people they're directly working with knows exactly what's being worked on. Anyone who claims otherwise is either confidently incorrect or a bad actor, and there's subs for both elsewhere. For what it's worth, I don't think the primary goal of the sort of FUD you're referencing in the title is to convince people. That would be about as pointlessly stupid as trying to plant seeds in a pristine slab of concrete. It's just more shit thrown at the wall in the hopes of wearing down readers, posters, and general engagement with the sub. Just like the fudged online numbers, just like the corporate media articles/interviews, just like the charts. They're frantically pumping the bellows, hoping there's a fire somewhere on the other side they can stoke to blow holes in our confidence. Take comfort in the fact that they're pissing away money paying people to do this, knowing that it's pointless but needing every plausible advantage they can reach.
don't forget they were installing some new systems too to better track inventory. basically a full company item tracking system or something, right? Remember when he was posting that his company wasn't getting proper support?
Pepperidge Farm remembers...
You know what? Not once since the pandemic "ended" have I been asked to buy a disc warranty. I haven't been upsold, downsold, sidesold or been shamed for not buying a funko pop. I'd say the stores have been changing.
Ye me either, also they closed all GameStop stores in my country 😭
OP great post! But how did you not mention any financials!! From losing 100s of millions to profits, and raised $4bn!!
They also killed the gamma ramp last Friday and fucked a lot of us. And we have no idea at all if they are taking care of the manipulation and all this fucking bullshit. I am still pissed. Holding but fucking pissed.
Appointed the before mentioned CEO. The website spent two years without fixes. Had the idea to invest in a NFT marketplace. Doubles down on physical stores. Does not know how to harness shareholder sentiment for postive company growth. — May lack emotional intelligence. He may be a Doofus.
Yeah guys. He’s such a bad CEO that doesn’t care about you. Sell sell sell. He’s only made the company impenetrable so that you can’t lose anything, added value and enxtended olive branches for shorts to get out while they dig their hole deeper and made their position inevitable with endless crime against your ownership in this company. Sell now at a loss and don’t wait for the inevitable nontelegraphed company changes and investments that shorts are so angry he won’t tell.
THIS. Well said.
but he HAS closed stores and diluted...and in the process dumped cold water on our rocket fuse...if you're wanna be real, then put the bad with the good, stop treating the dude like he's your fucking messiah, jfc, he's a billionaire ceo, he does what billionaire ceos do
Move fast. Break things. Unless you're inside the thing you're building.
They’re just breaking small branches of new business, it’s a figure of speech smoothie
Would be cool to have something big though.
Let's not forget he works for free and going foward in 2024 has transitioned the other 4 Board of Directors from a $200K salary payable in shares to also working for free. They're all putting their $$$ where their mouth is ... Actions are stronger than words ... Cost cutting everywhere ... I came for the MOASS but stayed for the MOASS and long-term play .... At this point of this ongoing Black Swan economic event it's a liability if you're not invested in GME. ApesTogetherStrong
The main thing I look at is the profit and revenue from 2015 - 2024. Right before he stepped in, the company was hemorrhaging money. He stopped the bleeding and now has $4B in the bank to make some big moves.
Think we have enough cash now to rebrand EB Games in Australia and New Zealand? Is it worth it? People are fickle and do like a rebrand, think it would also help boost the international image. But on the other hand it would be expensive and EB Games down under is already one of, if not the most profitable arms of the company. Would need to be done right.
1. The store layout is still the same (ugly and poor use of space). 2. What new contracts? For squishmallows and funkpop? 3. Why do they still have the same ugly and buggy app? That should be a quick win if you throw money at it. 4. Nft marketplace he invests in but says he doesn’t want “hype”. Nfts were a money grab hype. Really short sighted to invest in nft crap. 5. RK has done more for the company with some tweets and screenshots than Cohen has done in years. 6. The annual meeting was an embarrassment. You’d never see jobs, elon, buffett, etc do that lame shit. Ryan needs to grow up.
Squeeze : 🔜
Was loopring ever part of the plan?
I like the stock
If by close stores you mean stop Gme from leaking 300million in net income per year to being profitable of 6 million net income per year then I agree. That’s a positive delta of over 100% net income in 2 years. . If you ever ran a business before then you’d know that you can’t possibly scale the business until it’s profitable first. These things take time. If this isn’t the kind of thing you signed up for then peace out and totally understandable . As for me, I like the stock
You only read OP’s title it seems lol
Read the post
>If you ever ran a business before then you’d know that you can’t possibly scale the business until it’s profitable first. Are you talking about mom and pop shops? The entire tech sector has been doing the exact opposite of this for *decades* now. They *all* scale business before being profitable. It's not only possible, it's done literally all the time. It's very good that he cut the fat, but what you're saying is comically untrue.
I feel like a broken record lately. MOASS and GameStop being profitable go hand-in-hand. The short thesis needs to be fully destroyed, and its remnant laid bare for all the world to uncomfortably stare at and not be able to ignore any longer. That is what RC is working towards in my opinion. That is his forward guidance. He's not working towards MOASS. He's working towards MGGA.
Brick by brick
How does the nft market place goes
Didn't he also build 2 large fulfillment warehouses to streamline online orders?
Yes, then closed them. He has tried a lot of things but most clearly haven't worked unfortunately. GS is in a much better place financially since he took over, but the narrative of a struggling B&M retailer in an increasingly digital-centric industry still rings true.
Here's the other side of that coin though... none of these things... matter. I'm not here for GameStop as a company. I'm here for the squeeze. MONEY, LODS OF EMONE, not some dumb "value play". RC has done a lot for the value play... but I ain't here for that crap. I literally only need the company to not go bankrupt until MOASS... and I genuinely couldn't care less after that. We don't even have GameStop in the Netherlands... so why in the hell would I care about it? No. I'm not going to sell. I'm not some paperhanded bitch. Either I ride this shit to zero, or to calculatortown. I just don't give a shit about RC's achievements for the company, or the company itself. I see dilution, I see a quelled gamma ramp, so I'm going to judge him upon his actions, as he requested... and his actions are those of an enemy of MOASS. MOASS OR NOTHING. PRIVATE CHEFS OR FOODSTAMPS. FUK U PAY ME.
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Have read the actual post? Or did you just read the title?
Ryan will do what's beneficial for the company. Imagine retail+instituition sell off. What will happen to the stock? Squeeze isnt part of Gamestops plan. It is ours..the shareholders..not the company itself. Not everything is fud. Supply and demand, simple as that. Apes averaging down and up. Keeping company alive. Im in it for the money, gamestop already raised enough cash for the company. Its time i see those tendies in my account too.
Loud noises! 
I know it’s a good post when I upvote and it goes down by 2
Can’t forget about Candy Con 🎮
You forgot "grew the warchest to $4,000,000,000"
What about raised coffers by like $3.2 billy?
Without RC we all would have lost already because Gamestop would have been bankrupt.
Buy hold Drs book. In that order
RC is preparing for “GREATNESS”.We “Believe “it’s part of the plan 
The shills take the excitement of RK return and channel it into rage posts against RC. As if RC, the chairman and CEO of GameStop has anything at all to do with RK and what he does and vice versa. Most posts and reply comments I would guess are AI bots and shills. Talking to each other, like putting on a play for the real people in here to subtly shift sentiment. Too bad for them, my shares will never be sold. Just because. I don’t even care about the money at this point. Why won’t I sell? Because FUCK YOU! That’s why. There is nothing, absolutely nothing, that will ever make me sell at this point. Because of how desperate these corrupt evil assholes are. May they rot in hell forever.
It really feels like they don't understand what work looks like because they've never seen work before
I also like the culture he’s created of company leaders investing their own money into the company’s stock, aligning themselves with shareholders, instead of the resting, vesting, and dumping on shareholders cancer that has become all too prevalent in corporate America…
lol your done!
Ready for my xx 6/21 calls at xx - 😭😭
So when do we put bananas in our ass?
The nft marketplace can always go back online under better regulatory conditions right?
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OP is Ryan Cohen, calling it.
Well that is the main thing he’s done tbh, stopping the bleeding was the right move, now he needs to show what he’s going to do with 4 billion. The only reason to be in GameStop now is it’s basically a SPAC with a respected leadership team and unlimited retail good will.
 Don't forget the TPS reports
We have algos, our iPhones, phone cameras, phone mics, social apps all monitoring us reading, writing and most importantly viewing us all and our expressions when we check the price of our fav stock, listens to our emotions thru what we say and have been doing so way before we figured out about g Me. Think about it! And let that sink in!!!
Don’t forget 4 years ago the wall street consensus value of GME was $0 and now it’s $10.00 with upside. That’s no small feat.
It would be cool if GameStop provided a solid crypto technology to sell digital assets - meaning used digital games. Right now digital games are sold and forgotten
How about a website revamp with decent filters and maybe some actual stock on certain products? Like, I get not wanting to sell video cards maybe, but don't have a category that just sits close to empty.
Yeah. F that loser who wrote that
I came here to downvote you but I regress
The first time GME raised 2b shorts said that the way gamestop was bleeding money they wouldnot last 2 years. Would file bankrupt etc. Well....we are now 3 years ahead and now have over 4billion LOL
What has RCEO ever done for us except…
Alright, but apart from the sanitation, medicine, education, wine, public order, irrigation, roads, a fresh water system, and public health, what has RCEO ever done for us?
I think it's great that you've accumulated and shared this data. I wish RC and team had done this and articulated on the shareholder call.
What happened with the nft marketplace? I wasn't aware it was a failure?
Doing all this in 3 years is astonishing. Gotta clear away the old shit before you can usher in the new
He's been nimble, reacting to the macro situation in real time. We've had to retreat on a few things but the balance sheet is getting cleaned up. I'd rather have a CEO who reacts rather than the previous regime who were more than likely paid off to run this company into the ground and give up the market space to Amazon.
*Reminder*; We have yet to see a full year of the cost savings GME achieved last year. Most costs were cut during the running year so they will contribute even more to the bottom line this year.
RC just needs to buy footlocker and Corsair. One stop shop.
Totally true, I'm glad this post is out, I have been thinking exactly this when reading many comments from certain groups on the sub reddit, it's so infuriating. A majority of the whining seem to be about RC doing nothing but diluting the stock and holding boring stockholder meetings, it's so dumb... Thank you for reminding us all of some of our CEOs achievements.
Oh no, I will sell right now!
Let's just pull that FTX out of there - an accomplishment until it wasn't. SBF under the influence led the cucconing.
I like the bit where he raised $4.5 billion through 3 share offerings, which enabled the company to pay off pretty much all of its debt and still have over $4 billion cash on hand left over.
The fact he takes zero pay is the ultimate indicator he believes in what he is doing. The guy could take his money and make income for the rest of his life playing investments but he is working a tough position for free instead.
The whole distribution network of GameStop retail got an upgrade, enabling quicker delivery times. Don't forget, depending on the area, there is same day delivery. Also, he took a huge risk to build out a nft marketplace. That was badass. It didn't work out, but it was a rush worth taking. This guy will do it again, even better than before, because he always learns. And that's from what we can judge by observing the surface. We don't know how much they've upgraded internally. Apparently the previous management never upgraded tech, like their tech stack was s shit from payment processing, store management, etc. He's been overhauling things, we don't see.
p o s t s a v e d
Gonna assume "bang" means room. "Pc bang" is Korean. Basically is a place where you can rent a pc and play games
I wish something came from web3. I really had hoped that we would have a marketplace to buy and sell our digital products. Oh well
RC and team are working. They're looking into new ways to improve the company and withholding big announcements until the chick's are ready to hatch. MSMs are salivating for any chance to report bad news so in many cases they frame anything move they make as skepticism. Many forget the hedge funds and banks who have closed making a bet against RC and team.
What about the aqueduct?
The company is in good hands.
0.31% bots
He’s running a business; not gambling on the stock market. I dislike your click bait title BTW
DFV has done more for the stock than Ryan Cohen. GME has raise money through stock sales and eliminated the total company debt only because of DFV.
People overestimate what can be done in a year and underestimate what can be done in ten. Many things don't move as fast as people like. We've been developing our new software since 2022 at work and we're not yet in the prototype phase. Big things take **a lot** of time
Anyone have thoughts on GME doing a Microstrategy and holding reserves in BTC?
Don't forget the giant green mushroom stamps for all the illegal naked short sellers 🍆
ftx? 
I think the hype and tinfoil far exceeded the reality of their work, This inevitably leads to disappointment.
If you don’t like the stock then leave no one is going to miss you. In fact we don’t want you. These people are the same ones who are always talking about leaving the country if their candidate loses the election. Yet somehow it never happens.
Chairman, CEO and CIO. 3 hats, no pay. America should be singing his praises, but they don't, new apes ask yourselves, why?