GameStop selling 500+ stores because of "woke".
GameStop selling 500+ stores because of "woke".
GameStop CEO Ryan Cohen appears to blame inclusivity for the failure of his brick and mortar gaming outlets.
- GameStop is hoping somebody will buy its Canadian and French operations.
- This amounts to over 500 physical stores across both nations.
- The company’s CEO decried “Liberalism, Socialism, Progressivism, Wokeness and DEI” within his firm while shopping for a buyer.
While it was fun to watch the GME stock shitshow, the fact remains that the short selling hedge funds were right: GameStop doesn't have a good business case anymore.
GME should have died years ago and this is just the people who are currently holding the bag trying to scrape some value off the bottom of the barrel.
Yeah, they should've transitioned to a very different business model a decade ago. Ideas:
- game lounge - host tournaments, and allow renting a room or something for gaming parties
- merch - they have some in their stores, but it's usually low quality crap for high quality prices
- rentals - rent an entire console + games and sell interesting snacks; that way I could play some console exclusives while mostly playing PC games
- stop selling used games, but facilitate game swaps/sales w/ a small commission (waived w/ other purchase)
I find myself only going to Gamestop occasionally to see if they have something I want for a decent price, and honestly, I've stopped bothering because selection is mediocre compared to online options, and the prices aren't any better.
Not going to lie, the GME Meltdown or whatever it was called sub on reddit gave me a lot of entertainment a few years ago, especially with the whole Bed Bath & Beyond saga and how the BBBY bag holders thought Ryan Cohen was going to save them too somehow.
Disagree with that. The company is dumb and Cohen failed in trying to make something out of it don't really care about that but I do have GameStop stock from the GME shitshow and there's no bags anywhere at least for most of us.
If the stock split never happened the stock would be worth $100 a share right now. Obviously something is wrong with that value estimation because it's definitely not worth that much.
I really just threw in my covid check but what really made me think it's still worth is the original guy who saw value when the stock was worth less than $7 doubled his position and still to this day is holding on. He knows more than me and he saw this happening and probably sees something else too that I don't understand so whatever I'm still holding a good amount of GME.
I really just threw in my covid check but what really made me think it's still worth is the original guy who saw value when the stock was worth less than $7 doubled his position and still to this day is holding on. He knows more than me and he saw this happening and probably sees something else too that I don't understand so whatever I'm still holding a good amount of GME.
But if you step back and see the forest for the trees, what place do they have in this economy when most new games are digital purchases and trend more and more toward that with each day? They aren't selling retro game and only deal with current stuff and their prices are insanely high compared to the digital storefronts. The chotchkis alone (Funko pops and TShirts) aren't enough to sustain all the overhead for a company this large. They've tried to branch out into PC gaming accessories but who's going to go there versus online?
Weird sales pitch. I'm not sure who he is trying to appeal to here?
I don't think any of these nutters have experienced the things they rail against. I'm not in the US, but from where I'm standing you guys haven't had any of that stuff since before Reagan.
thats what the space needs, a right wing game store that only sells xbox shooters and laughs are your K/D avg when you come in.
I'd stop shopping there if I had a time machine that could take me back to 2003.
I havent been in a gamestop for years, and it's entirely because of the people working there.
They have a talent of hiring the biggest assholes, trying to scam customers so they can give some gimmicks to their "friends".
Sings:
- I warned everybody cohen was a cunt,
- they called me a hater of the meme stock
- turns out I was right all along
- and now cohen gargles on trump cock
Thank you for coming to my ted talk.
Surprised the board has this guy as CEO still. I'm sure he had a sweet contract coming in after all the moonshot fun. But oof did he whiff it. The funniest thing he did, when all the wsb guys were waiting for the big squeeze to fuck the shorts, he goes and issues more shares haha
Appealing to the most willfully ignorant potential buyers is probably the only hope for this guy to sell this relic of the past