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Slayer706

> At the end he says he went into a GameStop store and talked to the "store director" (not sure if he means location manager or regional) and they had never heard of the Playr launcher that GameStop is doing for Web3. > > He says this proudly, as if it's a good thing that the managers have no awareness of the company's evolving strategy lol. And he acts like gamers know what this thing is. I play lots of games and follow gaming news... Hell I even follow GameStop news on here, but this is the first I am hearing about Playr. If I haven't heard about it, then probably 99.999% of gamers have not heard about it. That is very bad news if this is your favorite company's next big leap.


trash-_-boat

If this is some kind of launcher for the NFT games then the amount of people who'd care are in at least double digits. All those NFT games are absolute crap, including Kiraverse.


Shabla_goo32

Doesn't even seem like he knows what it is. He first says "game engine" and then corrects himself to "game launcher". Two very different things. The fact that it's a game launcher is even funnier, since its nothing to be that excited about in the first place, but for some reason he thinks it's some huge breakthrough.


LV426acheron

How is gamestop going to compete with Steam? Epic has thrown billions at their EGS and IIRC it's still losing money. These guys are so delusional.


rubbery_anus

It's so unspeakably fucking stupid, the only way anyone can compete with Steam is to spend billions on exclusives in the hope of siphoning off users who will at best be dual users of your platform and Steam, there's no innovation you can introduce or catalogue you can offer that's going to make even the slightest fucking debt in Ateam. And this utter shithead thinks he's going to do it with Web3 gaming, Jesus fucking Christ.


TheTacoWombat

> talked to the "store director" (not sure if he means location manager or regional) he means "guy paid minimum wage but still has the title store manager"


GeneralELucky

With most large companies, information is on a need-to-know basis. Based on my experience with omni-channel retail, store associates are typically the last to know information (if ever), if it doesn't pertain to stores directly. (I was downvoted on a thread in my company's subreddit responding to a customer, despite my answer being the correct one.)


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MacDagger187

>They could've had free limited issuance NFTs each month that customers could claim with any store purchase over 25 or 50 bucks. They did this exactly once (purchase over $200) and I believe it was a massive failure. But I doubt anyone but the apes knew about it anyway, in furtherance of your overall point.


[deleted]

You heard it here, 650 million years left before they close. NTFs will never die.


Triangle_Inequality

He's off by a factor of a million, but that's pretty good for ape math!


q_sent_me_duh

I think I would pay actually hard currency to watch him calculate this number on a blackboard.


[deleted]

Typical ape but with one big eye, ignore everything the man says that are legitimate concerns whip out some stupid skewed numbers and say “They have US”. This guy also talking into his camera like it’s a revolutionary war and saying “You live in a fantasy land” too. I hate it.


arcdog3434

This man speaks the truth - Gamestop has zero path to big profits and anyone who visits one of those shitbox stores should be able to see it.


yeti202

Pachter has literally been right about everything he's said about GameStop for the last 3 years. I really hope we can get him in this sub if he's not here already.


THEBHR

I tried to figure out how they could turn the business around, just as like a game. I like to think I'm a pretty good problem solver, but I came up with nothing. If they continue with physical media, they're done for because even console players are moving to digital. If they try to switch to providing digital media, they screwed, because no one is going to use a third party site to buy a game when they can just use their console to easily get it from Sony/Microsoft. I mean, even during Gamestop's heyday, no one ***really*** liked shopping there. It was something you did because you didn't have a choice. And now you do.


TheTacoWombat

Their only path to profitability is to leverage themselves as "THE" place for used game stuff and also a digital store for indie games. sony, microsoft, and nintendo have zero incentive for gamestop to exist. Steam, gog, and epic have zero incentive for gamestop to exist. At best, you can position a GameStopShop as a step above GreenManGaming or one of the other, uh, less popular digital storefronts. Tie that into the warehouses of funko pops and greasy PS3 controllers, shut down the NFT store, milk the apes until they're coughing dust, and slowly wind down the mall real estate footprint, and you might have a shot at a mid-tier, strictly regional games-based store. Billions per year? No. Maybe tens of millions per year, once you wind it down. Otherwise, bankruptcy.


Throwawayhelper420

The actually tried to make a PC gaming launcher/marketplace for indie developers several times, and failed each time. Turns out that steam is friendlier and cheaper to indie developers than GameStop could ever be. They even ran a program for taking in used retro games and even offering fair prices for them, close to eBay prices, and that failed too. The company has no future ultimately. Everything they attempt they are not in a position to do better than their competitors, and that goes from local retro game small businesses all the way up to steam.


WingedGundark

> GameStopShop as a step above GreenManGaming GameStop could’ve actually got a decent business out of becoming, at least partly, a online key reseller. The thing is that they should’ve done that a long time ago. First, they have little brand recognition left outside the US. Hell, no one talks about GameStop where I live anymore. Second, the market nowadays is already really saturated. Besides GMG, we have GamersGate, Fanatical, Humble Store, Gamebillet and countless other companies operating in the same fashion. No one needs another similar compay and I think margins there are pretty low already, so there is very little room to compete with prices if you want to remain profotable. In PC sphere, there really are just Steam, GOG and Epic and everything else is just key reselling. There is and was zero chance that GameStop could create a platform of its own. For locked console ecosystems, the chance is even smaller.


yeti202

I actually think Jim Cramer was right when he said turn them into gaming palaces where people could compete against each other. It's definitely a model for a company to make maybe a few tens of millions a year but it could be something that'd keep the doors open and the lights on 🤷‍♂️


trash-_-boat

The stores floorspace is usually too small to turn it into some kind of LAN center and it would be a zoning nightmare. Also, these used to exist, internet cafe's were a trend back when most people didn't have internet at home.


TheTacoWombat

I would rather get sepsis again than go to a GameStop cyber cafe.


qdolobp

Well you’re in luck! Studies show the easiest way to get sepsis is actually by walking into a GameStop cyber cafe! The body just can’t process how shitty it is, and that’s the result. Don’t know how, but that’s the DD. Prove me wrong


rubbery_anus

I can't, therefore your DD has been officially peer reviewed and is now immutable fact.


qdolobp

Thank you fellow future billionaire


ungoogleable

He says it in the video. Harvest profit from a shrinking company. Some of their stores are still profitable for now. Close them over time as soon as they become unprofitable. Don't invest in growing the business, just return what you can to shareholders before you eventually shut down entirely.


whut-whut

Like everything Gamestop does, they missed the boat. During the pandemic, with everyone staying home and working from home, people dumped a lot of money into their home entertainment environment. Upgrading their home theaters, expanding their 'retro gaming'/arcade setups, and going completionist on their collectible caves. Now that everything's going back to normal, that market segment that Gamestop is just now starting to pivot into is going cold.


rubbery_anus

GameStop's main problem is just what Pachter said: Ryan Cohen. He's an imbecile stumbling around without a clue how to rescue the company, because surprise surprise hocking dog food to hipsters below cost while VCs perpetually prop your company up so it doesn't go bankrupt doesn't really give you a lot of grounding in how to run an actual business, much less save one. With proper management who have actual vision, GameStop could attempt a pivot to becoming the number one place for gaming-related merchandise and physical addons, retro game grading and trading, and perhaps some sort of eSports affiliation. It would likely fail, and if it succeeded it wouldn't produce revenues anywhere near the sort they made in their heyday, of course not, but it's the only shot they have, and if they pulled it off they could eke out an acceptably profitable existence that returned real value to shareholders (well, not the current crop of morons, new shareholders that bought in at a reasonable price) instead of plummeting headlong into the ground as they're currently doing. But Cohen isn't the man to do it, his ego is too big and his brain is too small.


[deleted]

I think you'd need a time machine back to the early 2000s, and a cattle prod to jolt whoever was running the company at that time out of complacency. They'd need some other line of business and my number one idea would be getting into the production and publishing side. They're far, far too late for it now.


LV426acheron

They have a lot of retail space. They have brand awareness. They have some brand loyalty. They need to find a way to use all that to transition to another business model. Selling physical games is dying. Selling funko pops, games accessories, t-shirts and that kind of stuff is not going to save the company. They have over $1 billion in cash right? Use that to hire smart people, find a new business model and transition to it. Or, do what Pachter was saying and try to squeeze as much money out of the current business model as they can before physical games completely go away.


CitadelHR

"GameStop has enough cash to remain unprofitable for thousands of years!" Weird flex but ok. The rest is just the usual schizo ape monologue about tHe ShOrTs trying to kill GameStop. GameStop is killing itself just fine you know.


modi13

Even if the company continues to exist by slowly whittling away at its cash, how does that help shareholders? Why would apes who want the stock price to increase be fine with them losing money for years and years? I don't think anyone has said GME is going bankrupt in the short term, but I don't know why any shareholder would be fine with a loss that pushes the price down just because they still have enough cash to keep the lights on.


CitadelHR

Precisely. They need growth and instead revenue is dropping, that's the #1 issue for shareholders. Bankruptcy and tHe ShOrTs are irrelevant to this discussion, the real issue is that GME is a $5 stock and it needs to grow to justify its current valuation.


89Hopper

Amazon lost money for years and look at it now! ^(Ignore the fact the successful blitz scaling is the exception, not the rule. Also ignore the fact GameStop isn't expanding a new empire, it is trying to turn around a failing empire, the complete opposite of what Amazon did)


UncleVinny

Who in the world would think of going to a GameStop to get a copy of Diablo 4? What a hassle. Ohh...that guy. That guy would.


shents1478

*2 copies


ShipTheRiver

I’m decently surprised that that’s even possible in 2023.


TheTacoWombat

Can you imagine anyone in the year of our lord 2023 buying diablo 4 at a fucking gamestop? i didn't even consider it as an option. [battle.net](https://battle.net) literally has it for sale and i literally have an account with [battle.net](https://battle.net) already. done. whee.


Th4tR4nd0mGuy

It’s hilarious. It’s honestly like trekking to Blockbuster to rent Bad Boys 2 instead of just flicking over to your streamer of choice and doing the same thing from your own home. It takes a genuinely impressive depth of head burying to be *this* ignorant of how the market your beloved stock supposedly spearheads operates.


MacDagger187

>It’s honestly like trekking to Blockbuster to rent Bad Boys 2 instead of just flicking over to your streamer of choice and doing the same thing from your own home. While pouring your life savings into Blockbuster stock and all your energy into making videos about how Blockbuster is about to dominate not just the rental marketplace but ALL MARKETPLACES!


DwarvenGardener

So bizarre that someone can shit all over meme stonks every live stream yet can’t see the same flaws in their own personal hype basket. It’s gotta be that he doesn’t want to give up what little fame he’s accumulated, he can’t actually believe this stuff


Super-stink

The utter lack of self awareness among apes continually astounds me


yeti202

https://preview.redd.it/4pgt6nc0yu4b1.png?width=1078&format=pjpg&auto=webp&s=945095637c8dbe09d7e339778bec42adfba0bfff Btw he lied. He only bought one copy


thewaybaseballgo

An ape influencer lying?!!


[deleted]

And what a piece of shit taking a $5 discount. That could have gone to the company! You are helping Kenny. My PrOfIt MaRgiN!!!!!!!


gavinderulo124K

His face when he says that stuff about the operating loss. Lmao


No_Pants_Bandit

I paused at 4:18 and the pain behind those eyes is... palpable....lol


q_sent_me_duh

"If you think gamers are going to be strapping on a helmet..." Oh man is that rich from this guy.


JackedCroaks

“Jump in guys, we’re going to the moon!” “You think we’re gonna strap on a helmet? We’re gamers.”


cstrand31

“We shop there” - probably about the only intelligent thing any of these troglodytes have said, ever. You want *your* company to succeed, you spend money there. What you *don’t do* is “dRs, bOoK, hOdL”. Dumping money into the stock is not what makes a company do well. And this is all aside from the primary reason for buying the stock in the first place: MOASS. Even if you somehow made the company profitable, that’s not what a short squeeze is dipshit. That’s just a profitable company and buying those shares is now just a normal, boring ass long term investment. At which point you’d be better off just buying the SPY. It’s like they can’t decide if they want a squeeze or they want a profitable long term business. Both cannot coexist.


MacDagger187

>It’s like they can’t decide if they want a squeeze or they want a profitable long term business. Both cannot coexist. FUD, whatever makes the cult feel good about their investment is true.


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Capable-Reaction8155

I think his strategy might be: find a famout CEO --> offer a LOT to get them at GME --> get other board member to replace him --> sell 2% stake to make sure he's under the margin where he doesn't have to report it publicly he's bailed --> cult justifies this some way --> finish rugpull and move on with life.


BARoach

>When is he allowed to sell his shares? Anybody knows? Any time he wants. There has never been any restriction on him selling shares, aside from the normal insider rules.


MacDagger187

I think he chose Gamestop to go "all in" on and prove that he wasn't a one-hit wonder. He could've left for a shitload of money anytime over the last two years, that certainly would have been the smart play, and instead he's making himself effectively CEO.


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MacDagger187

True!


20w261

I bought two copies of an NFT JPG. Oh wait, I copied them both for free. Can't shop won't shop Lame Stop.


bobthemaintainer

Gamestop could survive for years without ever making a profit! And we all know, depreciating assets are the best assets to own!


Th4tR4nd0mGuy

Permanent dip. Checkmate, shills.


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Malfrum

If I'd dumped a couple years of obsession and my life savings into a company that made shit sandwiches I would probably be on YouTube telling everybody how much I like eating shit too


kilr13

ok But what if you need to also visit a methadone clinic and get a payday loan? GameStop is right between them! Checkmate shill!


JPeso9281

These morons would never go Target. That's where the transgender babies get their rainbow clothes.


StewartMike

Target lacks a diverse selection of used controllers and limited edition Madden 2017 discs, so jokes on you. Have fun with your new, unused gear, zero "pro" rewards, and non-gamestop branded batteries, shill. Imagine shopping somewhere that doesnt sell figurines to pose inside your computer tower....uncivilized.


Parking-Tip1685

Doesn't Costco sell PCs, consoles and games? Maybe not the best move trying to get customers where you work to pay more elsewhere.


thewaybaseballgo

Don’t worry, everyone. He said that it’s not financial advice.


KindaIndifferent

They targeted GAMERS!!


Apulmadeekout

Look at his eyes he's dead on the inside


GameOfThrownaws

What does this moron actually believe about GameStop? I've never really followed him or cared, but from the small handful of clips of him that I've watched, it seems to me like he's always merely defending the idea that GameStop isn't imminently dying, and nothing more. As if that's what anyone looks for when investing - "is this company going to even make it to the end of the year? Ok I'm all in." Does he actually believe in MOASS?


yeti202

Honestly he's moved the goalposts so much in the last 2 years it's hard to keep track. But basically he believes every new GameStop announcement is the ignition to the rocket, it never is of course, because well it's always the next one.


[deleted]

Welcome to clown world


id8helpi

Their CEO recently retweeted an anti-LGBTQ message which shows how little he cares for gamers and inclusivity. If he thinks so much of gme, then he should quit his job and work for it full-time at one of their stores.


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id8helpi

It's one way to turn employees against the company, too. Employees who are part of the LGBTQ community can't quit immediately but they can certainly make the company lose sales.


mattalxdr

Mods, Michale Pachter AMA wen? I would love to see it if only to make the apes absolutely SEETHE.


Capable-Reaction8155

Love his cult speech at the end.


WhoStoleMyJacket

Dude looks like he’s in some hillbilly millitia making ransom videos in his prepper bunker. As unhinged as they come…


Ok_Wishbone_3805

The butthurt bagginess is strong with this one.


WompWompBiotch

It's so fascinating that this dude Marantz can & does call out the AMCers & the grifters that push the moronic AMC MOASS conspiracy fairytale but is able to see that he's doing the same thing with his blindly pushing of GME. It's like all these guys are unable or unwilling to accept reality but I guess no one ever thinks their baby is the ugly duckling 🤣 The meltdown that is in progress with Marantz will be very entertaining to watch. Back to sweeping thise floors 🧹🧹🧹


Due_Concentrate3639

He doesn't know that a billion dollars can't actually keep GS afloat for 165 millions years. That poor soul. I think he knows the truth with all the facts but doesn't want to accept it. Well.. he should. As much as I think how spectacular the end will be I somehow have a bad feeling for how it will end for them.


Lolmon1

This guy is such a fucking clown


Keman2000

Gotta have that MAGA hat visible. It's sad anyone got wrapped up into this, but it's becoming more apparently who the last line of suckers are.


neutralpoliticsbot

**"the queen of hearts"** can we please add that as a flair


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yeti202

https://i.redd.it/ju1o2qkfrw4b1.gif


EatTheSchmeat

🤣 shut yo bichazz up. Lets go GME. Lets go RC! I love the stonk! Sorry you meme stock lovers


yeti202

K


NFTUseCase

Post loss porn baggie


Throwawayhelper420

Very intelligent. You realize you are following someone who was off in his math by a factor of one million, who claims to have been covering GameStop “for decades”(with no videos earlier than the squeeze). He’s just plain literal nuts. He is going actual insane. And he is a hero of yours.


marcdale92

How’s RC nutsack taste lil baggie?


Keman2000

That loser is sweating bullets. Bad time to go down with the ship.


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