GameStop announces plans to sell off French and Canadian outlets, while its CEO yells about 'Wokeness and DEI' in bizarre, self-defeating promotion
GameStop announces plans to sell off French and Canadian outlets, while its CEO yells about 'Wokeness and DEI' in bizarre, self-defeating promotion
More than 500 stores affected.
after all that effort from the WSB community to save the company.
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 just needs to stop, Trumps bro-circle jerk is already full.
I hear they're moving to a bigger venue.
He's right wing memeing to get another cash infusion from idiots. Solid strategy really for your average corporate sociopath.
Dump the stonks!
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.
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.
... and I'm out of this thing now too. Glad I caught this post.
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
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.
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.
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.
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?
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,.
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.
Akchually, NFTs don't even burn CPU cycles to enforce ownership. At best it's all created and sold by a central party, and at worst the whole thing runs on his laptop.
Sell sell sell!
Seriously, when CEOs say shit like this they're covering for something. Abandon fucking ship
It has nothing to do with his being an abject failure as a CEO. Nope. Nothing at all.
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
what an odd thing to say for a company that employs millions of minorities. sold my stock and wont be supporting chewy either
The peak employment number for GME was 27,000
You might be off by a few million...
Oh god what did Chewy do?
RC is turning out to be a giant douche bag. Who would have saw that coming
A true believer was lost
