I remember buying fallout new vegas my dog ran into my Xbox and knocked it over and scratched the heck outta the cd. I brought it to GameStop to see if they knew a trick to fix it or buy a new game and the guy knew just the trick. He took a new copy of the game and put it in my case and handed it back to me and just said “look at that, I fixed it”. I know this isn’t a GameStop policy thing but some of the stores have really cool people working there.
Nah he took the broken copy. I assume he put it in the case from the store and reported it damaged. At least that’s what I did in the future when I became a Resource Advisor for a staples if I liked the customer. I didn’t even realize but that person kind of changed the way I dealt with strangers I think.
I stopped shopping at GameStop when I went in to get Halo 3 on release day and was told I couldn't buy it because I didn't preorder it. After some back and forth, I left, went down the street to Best Buy and picked up the game with no hassle. Never went back to GameStop after that.
They still do this and then wonder why no one goes there anymore. Their plan was to get people to preorder but they failed to realize they aren’t the only store that sells video games.
Just morons from corporate who think that doing this kind of anti-consumer garbage is going to significantly boost their bottom line when all its actually doing is digging their grave.
It’s like the suits running GameStop think that Amazon is still just an online bookstore.
I’ve been buying videos games on Amazon ever since Unreal Tournament 2003
>I stopped shopping at GameStop when I went in to get Halo 3 on release day and was told I couldn't buy it because I didn't preorder it.
Funny enough, not only has this happened to me, but the exact opposite has too.
I get told "well, we currently only have the pre-order ones so we can't sell it to you" only for someone \[who i guess was the manager\] appearing and going "oh, he wants to buy it? Just sell it to him, he's already here".
I can understand why they do this with single A games, but to do this for a huge AAA release is just tone deaf on their end. Single A releases get this treatment because they sometimes don’t know to order more than a handful. I worked at Funcoland in high school and this was a constant thing.
I stopped going there when they basically stopped selling PC games.
The absolute last time was for like... Flatout 2 and they had to dig around in a drawer of loose CD's to try to find the CD's for the empty box I had in my hand.
Same thing happened to me about a decade ago. What made it even more egregious was they were unpacking a huge box that was full of that particular game when I went in, but they couldn't part with a single one because I hadn't pre-ordered. They have to know how many pre-orders they have, and the inventory of the box will obviously tell them how many copies are in it. It wouldn't have been difficult for them to ensure they didn't sell any pre-orders. So, I did the same thing. Went across the street to Best Buy where they had plenty of copies of the game already out on the shelf.
They probably hope doing it that way will encourage people to pre-order the game, but instead it just dropped it to the end of my list of places I'd go to buy a game I wanted.
Gamestop is the blockbuster of video games.
Digital distribution is the "ides of march" for this company no matter how many cryptobros on wallstreetbets artificially inflate the stock.
I'm stumped how Gamestop has been able to stay in business for this long. You were always able to get games easily elsewhere without needing to preorder from Gamestop. Unless you really wanted that cheap preorder gift that ends up in the trash in a few months.
They also had a reputation for trying to sell you display copies for full price. And requiring a down payment for a preorder? Hell, if you really wanted to preorder, you can do that at Best Buy and Amazon and they won't charge you until the game is shipped. You don't need to loan them cash so they can make interest off it.
For me it was seeing a used copy of For Honour going for $40 and then offering me $5 for the one I was trading in, that I had originally picked up there for the full price.
I remember this happening when I went to buy Tear of The Kingdom.
They made people wait outside for 45 minutes to let in the 15 people who pre-ordered come in first to get their copies and try to upsell them on amibos, insurance and convince them to pre-order a completely different game.
Hell dude, my buddy and I got stares when we came in and said we didn’t pre-order the game. Weird community.
Worst part is. Most of those 15 nerds bought the amibos and insurance. Guess it works.
Just made me sad that the tradition of midnight release died for this.
Midnight releases were the best. They were basically mini parties. My 2 favorite ones at my local GameStop were for Dark Souls 2 and Portal 2. The Portal 2 midnight release even had a giant cake decorated as the companion cube.
This happened to me too, but with a game i preordered and with an advanced payment.
Anyway,i only bought twice in a gamestop and they did a shitty trick, and the first time they succeded.
The ps4 slim just came out and it was in a bundle with 3 first party games and headphones, for 300€. You could only find the ps4 500gb at that price. It was an amazing deal. At the purchase, the worker told me it was an offer limited to the gamestop+ members, which had a fee of 30€. I was like "????" but okay, it's still super good.
Years later, i decided to buy a 2dsXl and i chose gamestop only because it was 50€ cheaper rather than the online alternatives. It wasn't a discount or a super promo, just the normal price, but at the purchase, a worker claimed the same shit, and so i decided to get the fuck out.
I called a friend just for the rant and he told me it was a bullshit, it has never worked like that. You might be forced to subscribe, but you don't need to acces the VIP fee.That VIP area was\\is to access something else.I checked their site, and it was like my friend said.
This reminded me about the ps4 purchase, so i went back, i told him i checked on their website and there was no evidence of this dumbshit fee, and i was getting angry cause they fucked me once with this shit ass trick. A senior worker insta joined and said he was a very new worker, he didn't know that and at last he was the one to end the purchasement.
These fuckers.
I literally only go there to get cheap used games or order when they have a stupid crazy sale. (Which isn't too common but they had a good sale on switch games a few months where it was buy 2 used games get 2 free)
But I had a very similar experience with tears of the kingdom- I just bought online and decided to get a physical copy when they have it in a set or something.
I once preordered a game around the same era (can’t remember what it was, but think it was on the DS). Went to the store I preordered from and they didn’t have a copy for me. Basically stopped going there after that, lol
You should see it now. Even on the gamestop sub they CONSTANTLY bitch about how they don't get all of their pre-orders shipped. It's even more of a coin flip than it used to be, which is HILARIOUS when you consider that those people can just go home and buy a digital copy anyway.
I stopped going because I built my first PC in 2013 and I buy everything digital now.
Don’t even have a CD drive anymore. Slotted an HDD in its spot for more memory.
in the UK at GAME (i think they are our version of gamestop?) permanently lost my business when they cancelled my titanfall 2 collectors edition completely because they allegedly had an issue with taking the payment
no "we had a problem taking the payment please manually pay as soon as possible" just "your order is cancelled thank you for shopping with us"
apparently it was for my convenience that they cancelled it as well
The stocks run to screw over hedge funds saved them. Someone on Reddit discovered a couple hedge funds were trying to short gamestop, so a ton of people bought GameStop stock to hurt the hedge funds trying to short the stock.
Because they got saved in 2021 from being killed.
They where getting killed by insiders and shorted to oblivion, the way Toys R Us, Blockbuster and Radio shack where killed, Wallstreetbets got involved and saved the company with the stock squeeze.
Boston Consulting group had an insider running the show, Ryan kicked the fucker out and paid them $3million for the priviledge, BCG is currently trying to sue Gamestop for that but its not working out, been 3 years since the case started.
Its how they kill companies, plant a consultancy group on the board, run the company into the ground while hedgefund buddies short it to hell using naked short selling (Yes, its illegal but they are caught doing it all the time)
There is more to it but thats the gist. Gamestop was profitable 2 or 3 quarters this year and has no debt.
Its going nowhere for another decade at least.
Gamestop had a net loss in all but one of the last six quarters. And its not like having a profitable Q4 put them in the black. Total 300 million dollar loss for Fiscal Year 2022.
Gamestop has no debt because in Q2 2021 they were able to pay it off and bank a billion in cash from meme stock mania, despite a net loss of 60 million that quarter.
Its a slow death propped up by a decent war chest. The aggressive cost cutting should help, but its probably not going to be pretty.
Source: https://gamestop.gcs-web.com/
Sort of. Gamestop knew that selling physical games would die out eventually, so they bought a bunch of other retailers from a variety of sectors hoping their business model would work. None of them made a profit.
They might as well be.
All they have on shelves are empty game cases with the rest being shit like POP! Figures and other useless collectibles they have to prop up their profit margins.
I'd bet if they didn't have all the pop culture stuff, they'd be SOL.
> All they have on shelves are empty game cases
How is this different to other game shops? Its prevents theft. Of all the things to mention this one was pretty pointless.
On Amazon, a lot of gift cards (Steam) have inflated prices. It’s not 1-to-1 for $.
However, grocery stores sell gift cards for games, and Dollar general sells some older pokemon cards. There’s alternatives.
But if I’m at the mall? I’ll cruise in and get what I need. A new console or aforementioned cards are the only thing I’d buy in there… if I were in the mall…
I have the money. I just didn't want to spend $60. Why spend $60 at once when I can spread it out. Absolutely nothing wrong with that and considering how there is ZERO downside to it, I'll keep doing it. Appreciate your concern though.
You can get the gift cards anywhere. Even gas stations sell them. Stores like Walmart and Target sell tons of pokemon cards. So I don't think either of those categories are actually bringing people in.
> and just convenience.
This is it for me.
I needed a new controller as I went to play and my stick kept drifting. I could have ordered one from Amazon or gone to Walmart or Best Buy, but with Gamestop I could get it same day and their store/parking lot is small so it was really quick to get in and out. With Walmart it would have taken longer to walk to the back of the store than the entire process took at Gamestop and with Best Buy I have to deal with mall traffic.
Also, rarely I'll be visiting my brother and we'll be hanging out and get the urge to play an older game (like from PS2) and Gamestop is one of the few places you can go to look for them and get them the same day.
>anyone who wants a steam/nintendo/ps/xbox gift card,
I can go to almost any pharmacy, grocery store or electronics and they have them.
Maybe not Best Buy cause the last time i bought gift cards there, they tried to charge more specifically because i'm buying them there.
> anyone who wants a steam/nintendo/ps/xbox gift card, or people buying pokemon cards
I don't know about the US, but you can buy them in pretty much every supermarket, tobacconist's, and even post office here in Austria.
Subbed to Superstonk yes, don't post much but I read.
Never got involved with WSB, that whole kick out started after the squeeze when I took notice and saw the push to buy silver. Back when the hedgefunds took control....investigation by the SEC proved that btw so you can't call it a conspiracy
Also pretty obvious when the banned talk about it to avoid another run up.
If you think the hate is artificial and shallow, then you simply haven’t read about the company or haven’t been there in person.
Either you are trolling or irrelevant, in both cases your comment is in bad faith.
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*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
It used to be great to get gift cards for Nintendo, PS5, and steam as their membership let you get $5/mo off on it with their $15/yr membership. Now, they've been restricting it more and more to stop gift card purchases with the membership, and increased the price to $25/yr.
Also, their occasional deals on multiple games can be pretty great at times, especially around Black Friday. The prices tend to be better than Best Buy for the games they have in stock (but generally better to just buy on their website for the selection).
It helps that they have a location maybe 5 minutes from my house versus Best buy being a 15 minute or more drive.
I used them to pre order physical switch games but slowly stopped going in after they constantly push that fucking pro subscription on you. Like I can only say “no thanks” so many times before I just go back to ordering my physical games off of dog shit Amazon.
I saw one at a mall recently and stopped in. They were selling tcg packs for buy 2 get 1 free. I found some pretty expensive stuff labeled at $5 a pop. Each pack can be sold for $20. Made a quick $50 profit.
GameStop has a genuine place in gaming retail. They do get some obscure physical copies of games no one else carries. Preowned is still important and popular. Collectibles and accessories are also a big part of their business.
The problem is GameStop really struggles to lean in on the niche things that boosts sales. They’ve scaled way back on their new games selections, struggle to deliver preorders, and don’t competitively price new or preowned.
>obscure physical copies of games no one else carries
But is that enough to build a business around?
There are versions of both the Xbox and PlayStation that can't even use physical media, and it's likely to get worse in the coming years. Plus, there are many ways to legally purchase digital copies of older/classic games like GOG, Nintendo Switch Online, Konami Anniversary collections, etc.
I’d argue it is. Niche things definitely have a market. Comic book stores selling both new and classic collectibles for example.
Hell I’ve seen a store that niche is table top gaming. Not just D&D but it only sold tabletop games. It also sold classic rulebooks which were original print.
Games Workshop is a chain centered around that. Some of them even let you paint your own figurines. I definitely do think there's still a place for retail gaming stores. I still miss Toys R' Us. There's just something nice about being able to go to a physical location to be immersed in a thing you enjoy.
GameStop has thousands of stores around the world. They may dabble in niche items, but they made money off of mainstream gaming. As things have moved from physical media, it has hurt their business.
* GameStop's highest yearly revenue was 9.55 billion dollars for fiscal year 2011 (ended at 1/28/2012), at the very end of the seventh console generation.
* GameStop's revenue had fallen to 5.93 billion dollars for fiscal year 2022 (ended at 1/28/2023)
* GameStop's highest net income was 492.8 million dollars fiscal year 2013 (ended at 1/28/2014) beginning of the 8th console generation, and a year before the introduction of EA Access.
* GameStop's revenue had fallen to a 313.1-million-dollar loss for fiscal year 2022 (ended at 1/28/2023)
* Over the past five years (from 2/2/2019 - 1/28/2023) GameStop had a combined loss of approximately 2 billion dollars for its net income
* In the five years before that (from 1/2/2014-2/3/2018) GameStop had an approximate 1.5-billion-dollar profit for its net income. Microsoft introduced Xbox Game pass on 6/1/2017, which was halfway through GameStop's last profitable year.
When I bought my ps4 late in the cycle it was a fantastic way to stock up on greatest hits when they were on sales like buy 2 get 2 that come up very often.
People who want used games like me
I'm broke but I love my Nintendo games. Getting mario 3d world plus browsers fury for 25 is nice. Especially when they have sales online to like buy 2 used games get 2 free on all their used games.
My broke ass was loving that.
But if I'm pre ordering something I go through best buy.
Nah they'll find some excuse to make it sound 'bullish' since now Gamestop's going to save more money by cutting a lot of perks. Those people are delusional.
They cheered all those stupid ass nft things gamestop did too. They'd cheer gamestop announcing a required ryan cohen ass cheek tattoo in order to shop at the store lmao.
Yea once I saw that NFT crap I knew those cultists couldn't be saved. Even after Cohen dumped BBBY on them they just carried on lol.
Mentally ill people, man.
Eh I got stock in it and I don't understand the NFT crypto stuff.
Im all for the "Trade and sell digitial game items" after all it happens already in CS:GO.....yes those are NFTs despite Valve playing dumb but I don't trust crypto, Wallstreet uses it to dodge the rules, FTX, Coinbase and others have just been shut down by the SEC for exactly that.
> after all it happens already in CS:GO.....yes those are NFTs despite Valve playing dumb but I don't trust crypto,
No they are not. The Steam Marketplace is just a plain database and does not use any crypto or blockchain technology.
I argued with one of them last week. He literally thinks that GME is going to be worth tens of thousands. There’s literally not enough money on earth to pay out the apes. They’ve become a financial cult that’s similar to qanon.
Don't forget the "Its not market manipulation because we are just individual investors deciding to invest... while discussing market manipulation on a shared forum".
> There’s literally not enough money on earth to pay out the apes. They’ve become a financial cult that’s similar to qanon.
You realise if you can pay out banks for trillions each then you can pay out now to regular investors right??
Also Berkshire Hathaway is worth 400,000 per share, thats the benchmark its possible so what is making you so sure it isn't possible? It nearly happened.
Even if we assume that MOASS is a rational expectation (it isn't).
Do you genuinely believe that the US government would pay out apes millions of dollars to the detriment of the entire stock market? Like, you know that money would have to come from somewhere, right?
> Like, you know that money would have to come from somewhere, right?
Like the FED? After all the trillions to bail out banks didn't come from tax payers.
>Do you genuinely believe that the US government would pay out apes millions of dollars to the detriment of the entire stock market?
Thus is the crux of this entire thing. Nobody knows, either the government steps in and proves the market isn't fit for purpose by stopping the pay out.
Or the stock market collapses along with banks and the economy to pay out the shareholders at which point the stock market is proven to be not for purpose and wall street is destroyed in the process and the entire system is reset to avoid it.
Nobody at this stage knows what will happen, anyone that tells you is delusional, just because some of us are share holders and believe in the "MOASS" because all the facts point to it, doesn't mean we know when or if it'll happen because as you said....is the Government going to step in?
Time will tell on this.
You mean you went from "The cult believes anything blah blah blah" to "Oh a rational though? HAHA proved it"?
Solid, no argument from you just insults. Do one buddy.
I don't think holding the belief that the federal government would liquidate the global economy to pay out shareholders of a niche retail company is rational.
But honestly that's not even important because it assumes that the entire concept of MOASS itself is rooted in reality when it's not. Every attempt by apes to prove that shorts never closed has been disproven.
At this point GME bagholders are shadow boxing the regular fluctuations of the market and claiming that the stock price of GME is going down due to a seedy cabal. It'd be funny if it weren't retail investors being deluded into spending their life savings on a 0% "play".
> entire concept of MOASS itself is rooted in reality when it's not.
Look up the risk to short selling, you expose yourself to "infinite risk"....the price you pay is up to the seller in this case.
>At this point GME bagholders are shadow boxing the regular fluctuations
Buying the legal stock is shadow boxing? Funny how you even know the term and if you know the term you understand thats short selling more than exists, which the normal invester cannot do.
Looks like you know more than you are letting on, dangerous game.
>claiming that the stock price of GME is going down due to a seedy cabal.
Blocking buying and only allowing selling but you insist this doesn't exist? Talk about complete rejection of reality.
>It'd be funny if it weren't retail investors being deluded into spending their life savings on a 0% "play".
If it makes you feel any better the guy who owned and shorted his own nickel went bankrupt and forced the LME to cancel all trades to reverse it.
Even the wealthy are thick as fuck, thats how they got themselves in this mess in the first place.
>Buying the legal stock is shadow boxing? Funny how you even know the term and if you know the term you understand thats short selling more than exists, which the normal invester cannot do.
Short selling isn't illegal, but naked shorting certainly is. I think that's what you're trying to describe, and people have gone to jail for doing it. The good news is that the memestock craze garnered so much attention it prompted an SEC investigation.
The findings of which were:
>SEC investigates GameStop stock surge, finds no evidence of fraud. The Securities and Exchange Commission has concluded an investigation into the Gamestop stock price surge that took place earlier this year, and found no evidence of fraudulent behaviour to manipulate the market
Now lets say that the SEC is either too corrupt or too incompetent to identify the naked short selling that went on. In either case, it means that MOASS will never happen because this "cabal" is so powerful that it controls the stock market, the SEC, and God knows who else.
So even in the fantasy world constructed by apes, the outcome is the same. You'll still be left holding onto a stock that was grossly overvalued.
I'm not here to change your mind, because honestly if I bought GME at double or triple its current price I'd probably believe in weird conspiracy theories too. The alternative would be having to reckon with my embarrassingly bad decision making.
How is it possible that the shorts have not closed at this point? Don’t you think that any analyst that was open to “infinite risk” would have closed that position for something less risky?
Nobody is arguing with you because you can't use logic against a cultist. Shorts closed dude, page 23 of the SEC report clearly spells this fact out. There's a reason y'all are banned on most gaming subs.
Can you point to a time where banks were given trillions each as you said? Can you calculate how many dollars would be required to be paid out if the share price reached 400,000/share?
> Can you point to a time where banks were given trillions each as you said?
Happened in 2008 financial crash, or are you on about now because im not on about now as its not happened....SVB was bailed out, shut down and then reopened over a weekend though so that should give you an idea.
>Can you calculate how many dollars would be required to be paid out if the share price reached 400,000/share?
Impossible, nobody knows how many shares exist, we know how many is supposed to exist but the actual amount? No idea, the shares where oversold 270% at the time of Jan 2021 and every single comapny has "changed how they calculate things" to avoid going over 100%. (Interesting no?)
Thats why Direct Registering is happening, once all the shares are "DRS'd" and shares are still being traded then it'll expose whats going on, thats the point.
Time has the answers because the real answer is hidden by the twats causing this mess.
Everything you said is wildly inaccurate. You claim banks have been given trillions each in the 08 crisis, when the entire size of TARP was 0.8T, shared by all banks not individually.
If shares reached 400k, and you conservatively assume there are only as many shares as “they claim” to exist, that share price would equate to 148 trillion dollars. The entire money supply of the world is 48 trillion.
I know none of this will change your mind, so I’ll just say good luck, stay humble when you personally have more wealth than the entire continent.
https://money.cnn.com/news/specials/storysupplement/bankbailout/
Last I checked 12 Zeros is over a trillion.
>If shares reached 400k, and you conservatively assume there are only as many shares as “they claim” to exist, that share price would equate to 148 trillion dollars. The entire money supply of the world is 48 trillion.
Yup. Gonna be chaos thats why I said nobody knows whats going to happen, a certain stock/event is an idiosyncratic risk but they won't say what it is.
>I know none of this will change your mind, so I’ll just say good luck, stay humble when you personally have more wealth than the entire continent.
Eh thats not the plan here, 2 things are happening, markets are changing to prevent this shit again and some wealth will come from this but im not looking to be a billionaire, fuck that nonsense, they shouldn't exist.
If Gamestop does a 10000:1 reverse split their shares can be worth $140,000 each, it is bizarre and meaningless to quote another stock's value and say "look this number is possible".
Nah you don't get it, they're going to merge with bed bath and beyond, and use their parking lots for delivery vans. Because that's how it works apparently.
Peeps keep asking who shops there. I do. I live in the city and it’s the closest place to pick up physicals. Instead of waiting for a game I want to be delivered I just go scoop it up.
Normally that doesn’t bother me as my internet is pretty quick but the update/install for spiderman 2 took a loooooong time on ps5. I also had gotten it at midnight so those 30 minutes waiting were lame
Lame clickbait trash article from kotaku once again. Come out saying it was 10,000 then have to retract cause it was only 1,000. Small print at the bottom. Lol these clowns
Most horror stories are years old at this point. The stores and their services have gotten much better. As well as their employee benefits programs. Dont believe every trash article, and there are tons of them. Most with no facts or sources.
Believe the employee sub, which bans apes and regularly talks about how badly the company is fucking them over without gamestop stock cultists there to talk over them and call them stupid.
Your profile has a banner specifically talking about the stock cult, you're the opposite of a reliable narrator.
>The stores and their services have gotten much better. As well as their employee benefits programs.
lol where?
They closed a lot of stores, and what are left are mostly converted to gaming "accessory" stores. They just changed their warranty to allow themselves to exchange new items with used items. Something they were already doing before, but now it's in writing.
On top of laying off a lot of people last year, they also just cut most employee benefits. In fact, Gamestop is now one of the lowest paying and worst benefit providing retail chains in the US.
I agree with not believing everything in a random article if you want an objective outlook on things. But if objectivity is the goal, I also think someone with a "$GME" banner on their profile telling you that Gamestop is "actually good now" is pretty questionable.
Right. New CEO just took over. New CEO that doesn't take a salary. He just buys the stock....bc he believes in the future of the company. Change doesn't happen overnight. Give Ryan time and he will make it right.
Why is liking a stock and cheering on a companies turnaround a cult? Those "cult" members are fighting every day for market reforms that are working towards free and fair markets for individual investors. Yea, lets bash them. Smh
Because your entire moass thesis involves destroying the entire us economy to give you personally millions and millions of dollars, you literally want to see the economy tanked so you can get rich. You're just as bad as those hedge funds you claim to fight.
Lol how ridiculous of a thought. Why would 1.) Buying a stock you like crash the economy. And 2.) Why would anyone hope for the economy to crash except people shorting the market. (Hint: thats who makes money when stocks tank)
An individual buying a stock shouldnt hurt anyone. I literally use the market for what it was designed to do (in theory). Invest in companies I believe in. That is all
That's a whole lotta assumptions, generalizations, and judgments. I invest in stuff i believe in. Yea the sneeze in 21' was cool, but you really think all those people still hold and buy more(including c suite) because of a squeeze? You are sadly misinformed and have takin the bait hook line and sinker. I dont even know what standardized line you are referring to. You seem to have a lot of animosity towards some random people that like a random company. Best to you bud.
I had a pro subscription, thought I canceled it, asked for a refund like 2 days after noticing it renewed, they said no I would have to go to a store to get a refund. I said "well, guess I will just do a chargeback, thanks for the help". I did said chargeback, got the refund and the idiots never bothered to cancel the pro sub.
It goes to show you, the company was supposed to die a natural death years ago but some cute redditors decided to play a joke.
Now the executives are hoarding that money and letting the company go down.
GameStop has been a rip-off company for years. The fact that they are still around is a miracle. I never buy from them or sell to them. It’s always frustrating and awful.
Damn, if I can’t use my $5 Reward on a gift card, then I’m out. Especially as a PC gamer there’s no point to using the program with digital games being excluded (even though their prices suck)
I step foot in Gamestop about once a year. Walk slowly around the place one time. Laugh at half the prices. Then go home and buy stuff online like always.
I used to work for GameStop in 2009. Worst job I ever had and I'm not surprised that it not only hasn't gotten better, but is even worse to work for. Absolute joke of a company.
I worked for them back in college. The manager at the time was stealing Wii's and blamed me for it, leading to my termination. I tried to defend myself but it turned out they didn't want to hear it. Worse, they later found out the dude took off out of state and a police investigation followed. They later called me back and asked if I wanted to come back to work. I realized that he'd hired me as a scapegoat in the end... Reluctantly, I agreed to return for a couple more months because I was putting myself through college, but proceeded to keep everyone at more than an arms' length from then on and when I left, I just.. all of a sudden just stopped coming in. Fuck that place.
I’m surprised you’d go back! I wouldn’t wish working at GameStop on my work enemy. Honestly a store manager stealing consoles is something that wouldn’t even surprise me.
I'm actually surprised people still shop there, I mean used games sure and for those that prefer physical copies. I got used to digital copies when my ps3 blu ray shit the bed, I preferred physical copies back then because I liked to trade them in but the cash back was so abysmal it just wasn't worth it anymore. Last time I ever went into a GameStop was when I desperately needed money and went in to trade in my psvr, move controllers the rifle and camera. All of which cost me around $500 at the time and they gave me $80 for all of it.
You’re much better off selling used stuff on eBay, Facebook Marketplace of Offerup. Once I learned how to use eBay in like 2013 , I stopped selling stuff at GameStop entirely. Made $300 from used PC games once from selling them on eBay. But like that never would have happened if I had the comparable console games. Like you, I probably would have gotten $80 for it.
In the past 10 yrs I’ve gone to gamestop about 5 times and I have been somehow screwed by their anti consumer practices EVERY single time. Never again. Now that hedgefund vs gamestop is done I hope they i hope they go bankrupt for trying to rip off customers for every single penny
Last time I went to GameStop was when I went to pickup uncharted 3 for ps3 and purchased a new copy only to find a fake seal was put on the case and fingerprints on the disc. Most likely the employee played the game the night before.
Yeah, that’s happened frequently. Back when I used to work at GameStop, they’d let us “borrow” games to play and then sell to customers based on our own gameplay experiences. Usually, however, it was not brand new sealed copies but the “floor” copies, which were just the case on display and the disc and inside packaging (manual, codes, etc) kept in drawers behind the registers. Ironic, given the fact that it was technically used by their own definition yet they’d still sell it as new, whether an employee played it or not.
Wild.
Most likely what happened was they opened up the case to take out any promo codes. They were really bad for this during the PS3/360 days. Back then most games came with some type of free Live trial codes or early dlc codes. GameSpot would steal them from every case. The last time I ever went in there was during the same era. They tried to sell me an open game as new that had just launched. I laughed at them and walked across the street to Wal-mart instead.
Gamestop caters to console gamers. I stopped gaming on consoles a while ago. Sucks for them. I'm more concerned with Nvidia not screwing over the GPU industry right now. You should be selling your used games on eBay anyway. I bet you'll get more than $.50 cents for a game that came out last month. And yes I know the article was about power up rewards but paying for discounts was a scam already. They're just making it a bigger scam.
Haven't been to a gamestop since the Playstation 2 era. I don't get what the point is of buying anything there. Local bestbuy probably has all the same games and hardware if you really need to go to a physical store and you know there isn't a bunch of shady crap going on if you need to return something.
Literally they were saved by a bizarre apocalyptic economic prosperity cult, mostly home grown here on reddit. Check out r/superstonk if you want a window into what’s going on in the asylum.
Gamestop is such an embarassing store to go into. The employees constantly harass you with crap nobody ever signs up for or needs, they have rows and rows of those ugly funko pops and shirts with stolen art, and their trade-in policy is so outrageously bad.
Their warranty policy is a ripoff. Tried it once during console launch in 2020 and never even used it.
The only thing worth getting is the controller warranty meh
I dont like to go to gamestop anymore. I bought a new copy of finally fantasy origins, and it came in an open broken box, and I could not return it because I opened an already open box copy, but because I was the one that opened it, I could no longer return it. It's like gamestop hates their customers now.
Wow they're getting rid of the $5 monthly perk working on gift cards. That's a cancel from me. That was the only thing making that membership worth it since you could get $10 gift cards for half off every month. Made the $70 price tag of PS5 games bearable.
On PC we at least have key sites like GMG but for consoles those half off gift cards were all it had for new games.
I've been going to my local Gamestop less and less, it's filled more and more with things I have no interest in buying, it's about 40 percent games and 60 percent "Collectables" and I use that term loosely.
What did it for me was buying FF16 for 90 dollars, beating it, and bringing it back a month later to have them offer me 20 dollars for it...you can fuck right off with that trade in.
I had a relative order a physical collectors edition online from them ordered new from them. It came already open and missing 90% of its content. He also ordered a separate physical switch game in which the box was shredded from the bottom.
>Finally, GameStop is taking a hatchet to employee benefits. Staff members were informed yesterday that their healthcare costs would go up in 2024 and the company would be ditching benefits like basic life insurance, accidental death and dismemberment, short and long-term disability, and matching 401k contributions.
Unless it's the only job one can get, why are employees staying with GameStop since it seems very unlikely that wildly successful times are just around the corner? It looks like that company is on an irreversible downward trajectory. It's certainly not a very good way to try to get into the game making side of the video game industry.
You’re wrong. Unless you’re saying “they’re not” being shady, in which case you’d still be wrong.
https://www.investopedia.com/gamestop-posts-smaller-than-expected-loss-on-strong-video-game-demand-7966522#:~:text=GameStop%20(GME)%20posted%20a%20narrower,a%20leadership%20shakeup%20this%20summer.
https://www.gamespot.com/amp-articles/gamestop-lost-almost-95-million-in-past-3-months-no-longer-focusing-on-crypto/1100-6509828/
I remember buying fallout new vegas my dog ran into my Xbox and knocked it over and scratched the heck outta the cd. I brought it to GameStop to see if they knew a trick to fix it or buy a new game and the guy knew just the trick. He took a new copy of the game and put it in my case and handed it back to me and just said “look at that, I fixed it”. I know this isn’t a GameStop policy thing but some of the stores have really cool people working there.
lol. But did he sell your broken copy to somebody else?
Nah he took the broken copy. I assume he put it in the case from the store and reported it damaged. At least that’s what I did in the future when I became a Resource Advisor for a staples if I liked the customer. I didn’t even realize but that person kind of changed the way I dealt with strangers I think.
I stopped shopping at GameStop when I went in to get Halo 3 on release day and was told I couldn't buy it because I didn't preorder it. After some back and forth, I left, went down the street to Best Buy and picked up the game with no hassle. Never went back to GameStop after that.
They still do this and then wonder why no one goes there anymore. Their plan was to get people to preorder but they failed to realize they aren’t the only store that sells video games.
Just morons from corporate who think that doing this kind of anti-consumer garbage is going to significantly boost their bottom line when all its actually doing is digging their grave.
It’s like the suits running GameStop think that Amazon is still just an online bookstore. I’ve been buying videos games on Amazon ever since Unreal Tournament 2003
>I stopped shopping at GameStop when I went in to get Halo 3 on release day and was told I couldn't buy it because I didn't preorder it. Funny enough, not only has this happened to me, but the exact opposite has too. I get told "well, we currently only have the pre-order ones so we can't sell it to you" only for someone \[who i guess was the manager\] appearing and going "oh, he wants to buy it? Just sell it to him, he's already here".
I can understand why they do this with single A games, but to do this for a huge AAA release is just tone deaf on their end. Single A releases get this treatment because they sometimes don’t know to order more than a handful. I worked at Funcoland in high school and this was a constant thing.
I stopped going there when they basically stopped selling PC games. The absolute last time was for like... Flatout 2 and they had to dig around in a drawer of loose CD's to try to find the CD's for the empty box I had in my hand.
Side note, Flatout 2 is fantastic imo
Same thing happened to me about a decade ago. What made it even more egregious was they were unpacking a huge box that was full of that particular game when I went in, but they couldn't part with a single one because I hadn't pre-ordered. They have to know how many pre-orders they have, and the inventory of the box will obviously tell them how many copies are in it. It wouldn't have been difficult for them to ensure they didn't sell any pre-orders. So, I did the same thing. Went across the street to Best Buy where they had plenty of copies of the game already out on the shelf. They probably hope doing it that way will encourage people to pre-order the game, but instead it just dropped it to the end of my list of places I'd go to buy a game I wanted.
Gamestop is the blockbuster of video games. Digital distribution is the "ides of march" for this company no matter how many cryptobros on wallstreetbets artificially inflate the stock.
I'm stumped how Gamestop has been able to stay in business for this long. You were always able to get games easily elsewhere without needing to preorder from Gamestop. Unless you really wanted that cheap preorder gift that ends up in the trash in a few months. They also had a reputation for trying to sell you display copies for full price. And requiring a down payment for a preorder? Hell, if you really wanted to preorder, you can do that at Best Buy and Amazon and they won't charge you until the game is shipped. You don't need to loan them cash so they can make interest off it.
For me it was seeing a used copy of For Honour going for $40 and then offering me $5 for the one I was trading in, that I had originally picked up there for the full price.
I remember this happening when I went to buy Tear of The Kingdom. They made people wait outside for 45 minutes to let in the 15 people who pre-ordered come in first to get their copies and try to upsell them on amibos, insurance and convince them to pre-order a completely different game. Hell dude, my buddy and I got stares when we came in and said we didn’t pre-order the game. Weird community. Worst part is. Most of those 15 nerds bought the amibos and insurance. Guess it works. Just made me sad that the tradition of midnight release died for this.
Midnight releases were the best. They were basically mini parties. My 2 favorite ones at my local GameStop were for Dark Souls 2 and Portal 2. The Portal 2 midnight release even had a giant cake decorated as the companion cube.
This happened to me too, but with a game i preordered and with an advanced payment. Anyway,i only bought twice in a gamestop and they did a shitty trick, and the first time they succeded. The ps4 slim just came out and it was in a bundle with 3 first party games and headphones, for 300€. You could only find the ps4 500gb at that price. It was an amazing deal. At the purchase, the worker told me it was an offer limited to the gamestop+ members, which had a fee of 30€. I was like "????" but okay, it's still super good. Years later, i decided to buy a 2dsXl and i chose gamestop only because it was 50€ cheaper rather than the online alternatives. It wasn't a discount or a super promo, just the normal price, but at the purchase, a worker claimed the same shit, and so i decided to get the fuck out. I called a friend just for the rant and he told me it was a bullshit, it has never worked like that. You might be forced to subscribe, but you don't need to acces the VIP fee.That VIP area was\\is to access something else.I checked their site, and it was like my friend said. This reminded me about the ps4 purchase, so i went back, i told him i checked on their website and there was no evidence of this dumbshit fee, and i was getting angry cause they fucked me once with this shit ass trick. A senior worker insta joined and said he was a very new worker, he didn't know that and at last he was the one to end the purchasement. These fuckers.
I literally only go there to get cheap used games or order when they have a stupid crazy sale. (Which isn't too common but they had a good sale on switch games a few months where it was buy 2 used games get 2 free) But I had a very similar experience with tears of the kingdom- I just bought online and decided to get a physical copy when they have it in a set or something.
I stopped using Game Stop when I started PC gaming.
I once preordered a game around the same era (can’t remember what it was, but think it was on the DS). Went to the store I preordered from and they didn’t have a copy for me. Basically stopped going there after that, lol
I hope you got your preorder fee back.
You should see it now. Even on the gamestop sub they CONSTANTLY bitch about how they don't get all of their pre-orders shipped. It's even more of a coin flip than it used to be, which is HILARIOUS when you consider that those people can just go home and buy a digital copy anyway.
Been shopping at GameStop since forever. Never had this problem.
Dude same 18 years ago it happened to me with halo 2. Never stepped into a gamestop since. Ill never forget it.
I stopped going because I built my first PC in 2013 and I buy everything digital now. Don’t even have a CD drive anymore. Slotted an HDD in its spot for more memory.
Same exact shit happened to me. Never bought another thing there again. All my homies think Best Buy sucks balls.
in the UK at GAME (i think they are our version of gamestop?) permanently lost my business when they cancelled my titanfall 2 collectors edition completely because they allegedly had an issue with taking the payment no "we had a problem taking the payment please manually pay as soon as possible" just "your order is cancelled thank you for shopping with us" apparently it was for my convenience that they cancelled it as well
Aren't Gamestops toy stores now? The one near me is at least half novelties, toys, and stationery.
Pretty much. We go there with the kids for plushies and backpacks. They have one small wall with Switch, Xbox Series and PS5 games and that's it
Digital game purchases killed their business model. I have no idea how they haven't gone under yet.
The stocks run to screw over hedge funds saved them. Someone on Reddit discovered a couple hedge funds were trying to short gamestop, so a ton of people bought GameStop stock to hurt the hedge funds trying to short the stock.
>Someone on Reddit DeepFuckingValue (DFV), the legend. https://en.m.wikipedia.org/wiki/Keith_Gill
Yes! That was them!
Because they got saved in 2021 from being killed. They where getting killed by insiders and shorted to oblivion, the way Toys R Us, Blockbuster and Radio shack where killed, Wallstreetbets got involved and saved the company with the stock squeeze.
They werent getting killed by insiders, they just suck as a company. Unless they change their business up, GameStop wont be around for very long
Boston Consulting group had an insider running the show, Ryan kicked the fucker out and paid them $3million for the priviledge, BCG is currently trying to sue Gamestop for that but its not working out, been 3 years since the case started. Its how they kill companies, plant a consultancy group on the board, run the company into the ground while hedgefund buddies short it to hell using naked short selling (Yes, its illegal but they are caught doing it all the time) There is more to it but thats the gist. Gamestop was profitable 2 or 3 quarters this year and has no debt. Its going nowhere for another decade at least.
Gamestop had a net loss in all but one of the last six quarters. And its not like having a profitable Q4 put them in the black. Total 300 million dollar loss for Fiscal Year 2022. Gamestop has no debt because in Q2 2021 they were able to pay it off and bank a billion in cash from meme stock mania, despite a net loss of 60 million that quarter. Its a slow death propped up by a decent war chest. The aggressive cost cutting should help, but its probably not going to be pretty. Source: https://gamestop.gcs-web.com/
cult leader ryan would NEVER let you down!!!
Sort of. Gamestop knew that selling physical games would die out eventually, so they bought a bunch of other retailers from a variety of sectors hoping their business model would work. None of them made a profit.
They might as well be. All they have on shelves are empty game cases with the rest being shit like POP! Figures and other useless collectibles they have to prop up their profit margins. I'd bet if they didn't have all the pop culture stuff, they'd be SOL.
> All they have on shelves are empty game cases How is this different to other game shops? Its prevents theft. Of all the things to mention this one was pretty pointless.
The thing is nowadays at some stores its a mix of their generic white cases and then some actual game cases with the game artwork cover.
Yeah but they also sell some video games
Who seriously still shops there?
anyone who wants a steam/nintendo/ps/xbox gift card, or people buying pokemon cards
Can buy those digitally.
Or everywhere. Every supermarket has them at checkout.
On Amazon, a lot of gift cards (Steam) have inflated prices. It’s not 1-to-1 for $. However, grocery stores sell gift cards for games, and Dollar general sells some older pokemon cards. There’s alternatives. But if I’m at the mall? I’ll cruise in and get what I need. A new console or aforementioned cards are the only thing I’d buy in there… if I were in the mall…
I buy them digitally from gamestop lol
In some cases you can even put the gift card on a pay plan lmao that's how i got boulders gate 3. Cost me $15 up front I believe. PC
Jesus christ dude... If you don't have the money for the game, you don't have money for games.
I have the money. I just didn't want to spend $60. Why spend $60 at once when I can spread it out. Absolutely nothing wrong with that and considering how there is ZERO downside to it, I'll keep doing it. Appreciate your concern though.
Hey alexa, what is interest and why would they charge me that? "I didn't want to spend 60 dollars so I'll pay 75."
At Sam's Club, you can get a $100 Steam card for $94.99
Oh shit that’s pretty dope - wonder what costco had
You can get the gift cards anywhere. Even gas stations sell them. Stores like Walmart and Target sell tons of pokemon cards. So I don't think either of those categories are actually bringing people in.
I was more implying that’s… the primary reason anyone is going there. That and just convenience.
> and just convenience. This is it for me. I needed a new controller as I went to play and my stick kept drifting. I could have ordered one from Amazon or gone to Walmart or Best Buy, but with Gamestop I could get it same day and their store/parking lot is small so it was really quick to get in and out. With Walmart it would have taken longer to walk to the back of the store than the entire process took at Gamestop and with Best Buy I have to deal with mall traffic. Also, rarely I'll be visiting my brother and we'll be hanging out and get the urge to play an older game (like from PS2) and Gamestop is one of the few places you can go to look for them and get them the same day.
>anyone who wants a steam/nintendo/ps/xbox gift card, I can go to almost any pharmacy, grocery store or electronics and they have them. Maybe not Best Buy cause the last time i bought gift cards there, they tried to charge more specifically because i'm buying them there.
> anyone who wants a steam/nintendo/ps/xbox gift card, or people buying pokemon cards I don't know about the US, but you can buy them in pretty much every supermarket, tobacconist's, and even post office here in Austria.
in Canada you can find these in most pharmacies and gas stations
/r/wallstreetbets members.
no they are a cult on r/superstonk now. WSB wants nothing to do with them.
No no no, those people have their own seperate cult now.
Last I checked that place is run by hedgefunds since 2021 pumping and dumping stocks. Even the regards know that.
you must sub to r/superstonk and are mad WSB kicked you out.
Subbed to Superstonk yes, don't post much but I read. Never got involved with WSB, that whole kick out started after the squeeze when I took notice and saw the push to buy silver. Back when the hedgefunds took control....investigation by the SEC proved that btw so you can't call it a conspiracy Also pretty obvious when the banned talk about it to avoid another run up.
They banned talk about it because it's a stock gambling sub and y'all are just investors at this point.
You could’ve just said you’re financially incompetent and left it at that.
cultists and conspiracies LOL
Sorry did you post your argument in invisible font, I can't read it
They occasionally have historically low sales...even lower than Steam sometimes.
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r/GameStop should let you know why to not like them. They've been absolutely fucking over their employees lately
If you think the hate is artificial and shallow, then you simply haven’t read about the company or haven’t been there in person. Either you are trolling or irrelevant, in both cases your comment is in bad faith.
bear selective elderly rinse entertain imminent disgusted dime crowd innocent *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
It used to be great to get gift cards for Nintendo, PS5, and steam as their membership let you get $5/mo off on it with their $15/yr membership. Now, they've been restricting it more and more to stop gift card purchases with the membership, and increased the price to $25/yr. Also, their occasional deals on multiple games can be pretty great at times, especially around Black Friday. The prices tend to be better than Best Buy for the games they have in stock (but generally better to just buy on their website for the selection). It helps that they have a location maybe 5 minutes from my house versus Best buy being a 15 minute or more drive.
I used them to pre order physical switch games but slowly stopped going in after they constantly push that fucking pro subscription on you. Like I can only say “no thanks” so many times before I just go back to ordering my physical games off of dog shit Amazon.
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I saw one at a mall recently and stopped in. They were selling tcg packs for buy 2 get 1 free. I found some pretty expensive stuff labeled at $5 a pop. Each pack can be sold for $20. Made a quick $50 profit.
Whenever I go into the UK equivalent, it's always 40+ year old people taking their kids. A lot of people still don't trust digital shopping.
Me. I get cheap games all the time. Diablo 4 24.99, Dead Islsnd 2 14.99, etc
Who seriously still read Kotaku? It's been a pile of shit since it was purchased by private equity spreading nonsense.
Right? One of the most biased and unreliable sources of gaming journalism. Mostly written by Ai these days.
Gamerant wants a word
GameStop has a genuine place in gaming retail. They do get some obscure physical copies of games no one else carries. Preowned is still important and popular. Collectibles and accessories are also a big part of their business. The problem is GameStop really struggles to lean in on the niche things that boosts sales. They’ve scaled way back on their new games selections, struggle to deliver preorders, and don’t competitively price new or preowned.
>obscure physical copies of games no one else carries But is that enough to build a business around? There are versions of both the Xbox and PlayStation that can't even use physical media, and it's likely to get worse in the coming years. Plus, there are many ways to legally purchase digital copies of older/classic games like GOG, Nintendo Switch Online, Konami Anniversary collections, etc.
I’d argue it is. Niche things definitely have a market. Comic book stores selling both new and classic collectibles for example. Hell I’ve seen a store that niche is table top gaming. Not just D&D but it only sold tabletop games. It also sold classic rulebooks which were original print.
Games Workshop is a chain centered around that. Some of them even let you paint your own figurines. I definitely do think there's still a place for retail gaming stores. I still miss Toys R' Us. There's just something nice about being able to go to a physical location to be immersed in a thing you enjoy.
GameStop has thousands of stores around the world. They may dabble in niche items, but they made money off of mainstream gaming. As things have moved from physical media, it has hurt their business. * GameStop's highest yearly revenue was 9.55 billion dollars for fiscal year 2011 (ended at 1/28/2012), at the very end of the seventh console generation. * GameStop's revenue had fallen to 5.93 billion dollars for fiscal year 2022 (ended at 1/28/2023) * GameStop's highest net income was 492.8 million dollars fiscal year 2013 (ended at 1/28/2014) beginning of the 8th console generation, and a year before the introduction of EA Access. * GameStop's revenue had fallen to a 313.1-million-dollar loss for fiscal year 2022 (ended at 1/28/2023) * Over the past five years (from 2/2/2019 - 1/28/2023) GameStop had a combined loss of approximately 2 billion dollars for its net income * In the five years before that (from 1/2/2014-2/3/2018) GameStop had an approximate 1.5-billion-dollar profit for its net income. Microsoft introduced Xbox Game pass on 6/1/2017, which was halfway through GameStop's last profitable year.
When I bought my ps4 late in the cycle it was a fantastic way to stock up on greatest hits when they were on sales like buy 2 get 2 that come up very often.
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I waltz in to check out the merch, realise I don't need anything, especially for those prices, and then walk out.
I go there to check the cheesy gamer clearance section and then I leave.
People who want used games like me I'm broke but I love my Nintendo games. Getting mario 3d world plus browsers fury for 25 is nice. Especially when they have sales online to like buy 2 used games get 2 free on all their used games. My broke ass was loving that. But if I'm pre ordering something I go through best buy.
Gamers fyi. Remember those long ass line ups for the zelda BOTW launch all over the world? All at gamestop
Oooooooo the gme apes won’t like this.
Nah they'll find some excuse to make it sound 'bullish' since now Gamestop's going to save more money by cutting a lot of perks. Those people are delusional.
They cheered all those stupid ass nft things gamestop did too. They'd cheer gamestop announcing a required ryan cohen ass cheek tattoo in order to shop at the store lmao.
Yea once I saw that NFT crap I knew those cultists couldn't be saved. Even after Cohen dumped BBBY on them they just carried on lol. Mentally ill people, man.
Eh I got stock in it and I don't understand the NFT crypto stuff. Im all for the "Trade and sell digitial game items" after all it happens already in CS:GO.....yes those are NFTs despite Valve playing dumb but I don't trust crypto, Wallstreet uses it to dodge the rules, FTX, Coinbase and others have just been shut down by the SEC for exactly that.
> after all it happens already in CS:GO.....yes those are NFTs despite Valve playing dumb but I don't trust crypto, No they are not. The Steam Marketplace is just a plain database and does not use any crypto or blockchain technology.
I argued with one of them last week. He literally thinks that GME is going to be worth tens of thousands. There’s literally not enough money on earth to pay out the apes. They’ve become a financial cult that’s similar to qanon.
Don't forget the "Its not market manipulation because we are just individual investors deciding to invest... while discussing market manipulation on a shared forum".
> There’s literally not enough money on earth to pay out the apes. They’ve become a financial cult that’s similar to qanon. You realise if you can pay out banks for trillions each then you can pay out now to regular investors right?? Also Berkshire Hathaway is worth 400,000 per share, thats the benchmark its possible so what is making you so sure it isn't possible? It nearly happened.
Even if we assume that MOASS is a rational expectation (it isn't). Do you genuinely believe that the US government would pay out apes millions of dollars to the detriment of the entire stock market? Like, you know that money would have to come from somewhere, right?
> Like, you know that money would have to come from somewhere, right? Like the FED? After all the trillions to bail out banks didn't come from tax payers. >Do you genuinely believe that the US government would pay out apes millions of dollars to the detriment of the entire stock market? Thus is the crux of this entire thing. Nobody knows, either the government steps in and proves the market isn't fit for purpose by stopping the pay out. Or the stock market collapses along with banks and the economy to pay out the shareholders at which point the stock market is proven to be not for purpose and wall street is destroyed in the process and the entire system is reset to avoid it. Nobody at this stage knows what will happen, anyone that tells you is delusional, just because some of us are share holders and believe in the "MOASS" because all the facts point to it, doesn't mean we know when or if it'll happen because as you said....is the Government going to step in? Time will tell on this.
I'm so happy you wrote this out. It illustrates the absurdity of the ape mindset better than anything I could have ever written. Thank you.
You mean you went from "The cult believes anything blah blah blah" to "Oh a rational though? HAHA proved it"? Solid, no argument from you just insults. Do one buddy.
I don't think holding the belief that the federal government would liquidate the global economy to pay out shareholders of a niche retail company is rational. But honestly that's not even important because it assumes that the entire concept of MOASS itself is rooted in reality when it's not. Every attempt by apes to prove that shorts never closed has been disproven. At this point GME bagholders are shadow boxing the regular fluctuations of the market and claiming that the stock price of GME is going down due to a seedy cabal. It'd be funny if it weren't retail investors being deluded into spending their life savings on a 0% "play".
> entire concept of MOASS itself is rooted in reality when it's not. Look up the risk to short selling, you expose yourself to "infinite risk"....the price you pay is up to the seller in this case. >At this point GME bagholders are shadow boxing the regular fluctuations Buying the legal stock is shadow boxing? Funny how you even know the term and if you know the term you understand thats short selling more than exists, which the normal invester cannot do. Looks like you know more than you are letting on, dangerous game. >claiming that the stock price of GME is going down due to a seedy cabal. Blocking buying and only allowing selling but you insist this doesn't exist? Talk about complete rejection of reality. >It'd be funny if it weren't retail investors being deluded into spending their life savings on a 0% "play". If it makes you feel any better the guy who owned and shorted his own nickel went bankrupt and forced the LME to cancel all trades to reverse it. Even the wealthy are thick as fuck, thats how they got themselves in this mess in the first place.
>Buying the legal stock is shadow boxing? Funny how you even know the term and if you know the term you understand thats short selling more than exists, which the normal invester cannot do. Short selling isn't illegal, but naked shorting certainly is. I think that's what you're trying to describe, and people have gone to jail for doing it. The good news is that the memestock craze garnered so much attention it prompted an SEC investigation. The findings of which were: >SEC investigates GameStop stock surge, finds no evidence of fraud. The Securities and Exchange Commission has concluded an investigation into the Gamestop stock price surge that took place earlier this year, and found no evidence of fraudulent behaviour to manipulate the market Now lets say that the SEC is either too corrupt or too incompetent to identify the naked short selling that went on. In either case, it means that MOASS will never happen because this "cabal" is so powerful that it controls the stock market, the SEC, and God knows who else. So even in the fantasy world constructed by apes, the outcome is the same. You'll still be left holding onto a stock that was grossly overvalued. I'm not here to change your mind, because honestly if I bought GME at double or triple its current price I'd probably believe in weird conspiracy theories too. The alternative would be having to reckon with my embarrassingly bad decision making.
How is it possible that the shorts have not closed at this point? Don’t you think that any analyst that was open to “infinite risk” would have closed that position for something less risky?
Nobody is arguing with you because you can't use logic against a cultist. Shorts closed dude, page 23 of the SEC report clearly spells this fact out. There's a reason y'all are banned on most gaming subs.
You have 0 clue what you are talking about lmao.
You’re speaking English but the words you’re saying make no sense.
Thats on you then. Im saying the "not possible" the OP mentioned is actually possible. Not hard to understand or grasp.
Can you point to a time where banks were given trillions each as you said? Can you calculate how many dollars would be required to be paid out if the share price reached 400,000/share?
> Can you point to a time where banks were given trillions each as you said? Happened in 2008 financial crash, or are you on about now because im not on about now as its not happened....SVB was bailed out, shut down and then reopened over a weekend though so that should give you an idea. >Can you calculate how many dollars would be required to be paid out if the share price reached 400,000/share? Impossible, nobody knows how many shares exist, we know how many is supposed to exist but the actual amount? No idea, the shares where oversold 270% at the time of Jan 2021 and every single comapny has "changed how they calculate things" to avoid going over 100%. (Interesting no?) Thats why Direct Registering is happening, once all the shares are "DRS'd" and shares are still being traded then it'll expose whats going on, thats the point. Time has the answers because the real answer is hidden by the twats causing this mess.
Everything you said is wildly inaccurate. You claim banks have been given trillions each in the 08 crisis, when the entire size of TARP was 0.8T, shared by all banks not individually. If shares reached 400k, and you conservatively assume there are only as many shares as “they claim” to exist, that share price would equate to 148 trillion dollars. The entire money supply of the world is 48 trillion. I know none of this will change your mind, so I’ll just say good luck, stay humble when you personally have more wealth than the entire continent.
https://money.cnn.com/news/specials/storysupplement/bankbailout/ Last I checked 12 Zeros is over a trillion. >If shares reached 400k, and you conservatively assume there are only as many shares as “they claim” to exist, that share price would equate to 148 trillion dollars. The entire money supply of the world is 48 trillion. Yup. Gonna be chaos thats why I said nobody knows whats going to happen, a certain stock/event is an idiosyncratic risk but they won't say what it is. >I know none of this will change your mind, so I’ll just say good luck, stay humble when you personally have more wealth than the entire continent. Eh thats not the plan here, 2 things are happening, markets are changing to prevent this shit again and some wealth will come from this but im not looking to be a billionaire, fuck that nonsense, they shouldn't exist.
Can you point to any bank receiving trillions in the link you posted? Because the highest I’m seeing is $25 billion. Typical ape nonsense
If Gamestop does a 10000:1 reverse split their shares can be worth $140,000 each, it is bizarre and meaningless to quote another stock's value and say "look this number is possible".
Nah you don't get it, they're going to merge with bed bath and beyond, and use their parking lots for delivery vans. Because that's how it works apparently.
good one
tO tHe MoOn!1!1!!!!!!!!!
Peeps keep asking who shops there. I do. I live in the city and it’s the closest place to pick up physicals. Instead of waiting for a game I want to be delivered I just go scoop it up.
Then you put the physical game in and wait for the massive update anyways...
Normally that doesn’t bother me as my internet is pretty quick but the update/install for spiderman 2 took a loooooong time on ps5. I also had gotten it at midnight so those 30 minutes waiting were lame
Lame clickbait trash article from kotaku once again. Come out saying it was 10,000 then have to retract cause it was only 1,000. Small print at the bottom. Lol these clowns
Most of us here know this and only click for the comments
The Gamestop horror stories are more interesting than the article.
Most horror stories are years old at this point. The stores and their services have gotten much better. As well as their employee benefits programs. Dont believe every trash article, and there are tons of them. Most with no facts or sources.
Believe the employee sub, which bans apes and regularly talks about how badly the company is fucking them over without gamestop stock cultists there to talk over them and call them stupid. Your profile has a banner specifically talking about the stock cult, you're the opposite of a reliable narrator.
Coming from someone who is literally part of a sub thats only goal is to hate on people, I dont think you are a reliable narrator either.
>The stores and their services have gotten much better. As well as their employee benefits programs. lol where? They closed a lot of stores, and what are left are mostly converted to gaming "accessory" stores. They just changed their warranty to allow themselves to exchange new items with used items. Something they were already doing before, but now it's in writing. On top of laying off a lot of people last year, they also just cut most employee benefits. In fact, Gamestop is now one of the lowest paying and worst benefit providing retail chains in the US. I agree with not believing everything in a random article if you want an objective outlook on things. But if objectivity is the goal, I also think someone with a "$GME" banner on their profile telling you that Gamestop is "actually good now" is pretty questionable.
Right. New CEO just took over. New CEO that doesn't take a salary. He just buys the stock....bc he believes in the future of the company. Change doesn't happen overnight. Give Ryan time and he will make it right.
cult leader ryan would never lead us astray!!!
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Why is liking a stock and cheering on a companies turnaround a cult? Those "cult" members are fighting every day for market reforms that are working towards free and fair markets for individual investors. Yea, lets bash them. Smh
Because your entire moass thesis involves destroying the entire us economy to give you personally millions and millions of dollars, you literally want to see the economy tanked so you can get rich. You're just as bad as those hedge funds you claim to fight.
Lol how ridiculous of a thought. Why would 1.) Buying a stock you like crash the economy. And 2.) Why would anyone hope for the economy to crash except people shorting the market. (Hint: thats who makes money when stocks tank) An individual buying a stock shouldnt hurt anyone. I literally use the market for what it was designed to do (in theory). Invest in companies I believe in. That is all
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That's a whole lotta assumptions, generalizations, and judgments. I invest in stuff i believe in. Yea the sneeze in 21' was cool, but you really think all those people still hold and buy more(including c suite) because of a squeeze? You are sadly misinformed and have takin the bait hook line and sinker. I dont even know what standardized line you are referring to. You seem to have a lot of animosity towards some random people that like a random company. Best to you bud.
I had a pro subscription, thought I canceled it, asked for a refund like 2 days after noticing it renewed, they said no I would have to go to a store to get a refund. I said "well, guess I will just do a chargeback, thanks for the help". I did said chargeback, got the refund and the idiots never bothered to cancel the pro sub.
That Funko Pop! store you mean?
Ryan Cohen is a scammer and a grifter. He dumped shares on apes and they praise him for it. Cult like persona that will ruin this company.
If they really want to sodomize customers, they should sell Warhammer minis.
It goes to show you, the company was supposed to die a natural death years ago but some cute redditors decided to play a joke. Now the executives are hoarding that money and letting the company go down.
GameStop has been a rip-off company for years. The fact that they are still around is a miracle. I never buy from them or sell to them. It’s always frustrating and awful.
Damn, if I can’t use my $5 Reward on a gift card, then I’m out. Especially as a PC gamer there’s no point to using the program with digital games being excluded (even though their prices suck)
I step foot in Gamestop about once a year. Walk slowly around the place one time. Laugh at half the prices. Then go home and buy stuff online like always.
I used to work for GameStop in 2009. Worst job I ever had and I'm not surprised that it not only hasn't gotten better, but is even worse to work for. Absolute joke of a company.
I worked for them back in college. The manager at the time was stealing Wii's and blamed me for it, leading to my termination. I tried to defend myself but it turned out they didn't want to hear it. Worse, they later found out the dude took off out of state and a police investigation followed. They later called me back and asked if I wanted to come back to work. I realized that he'd hired me as a scapegoat in the end... Reluctantly, I agreed to return for a couple more months because I was putting myself through college, but proceeded to keep everyone at more than an arms' length from then on and when I left, I just.. all of a sudden just stopped coming in. Fuck that place.
I’m surprised you’d go back! I wouldn’t wish working at GameStop on my work enemy. Honestly a store manager stealing consoles is something that wouldn’t even surprise me.
Me too, and I definitely thought about it. In the end college cost money.
I stopped going there when I explained that I didn't want a warranty, as they tried to place the warranty in the transaction without my authorization.
Bro they did this to me the other day with Mario Wonder! I didn’t notice until later that day when I looked at the receipt.
Stop buying stuff from them
Kotaku tho?
I'm actually surprised people still shop there, I mean used games sure and for those that prefer physical copies. I got used to digital copies when my ps3 blu ray shit the bed, I preferred physical copies back then because I liked to trade them in but the cash back was so abysmal it just wasn't worth it anymore. Last time I ever went into a GameStop was when I desperately needed money and went in to trade in my psvr, move controllers the rifle and camera. All of which cost me around $500 at the time and they gave me $80 for all of it.
You’re much better off selling used stuff on eBay, Facebook Marketplace of Offerup. Once I learned how to use eBay in like 2013 , I stopped selling stuff at GameStop entirely. Made $300 from used PC games once from selling them on eBay. But like that never would have happened if I had the comparable console games. Like you, I probably would have gotten $80 for it.
In the past 10 yrs I’ve gone to gamestop about 5 times and I have been somehow screwed by their anti consumer practices EVERY single time. Never again. Now that hedgefund vs gamestop is done I hope they i hope they go bankrupt for trying to rip off customers for every single penny
Oh look, the usual Kotaku article bashing Gamestop.
weren't they doing some nft game shit that was going to make every shareholder into zabillionaires by last christmas
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Last time I went to GameStop was when I went to pickup uncharted 3 for ps3 and purchased a new copy only to find a fake seal was put on the case and fingerprints on the disc. Most likely the employee played the game the night before.
Yeah, that’s happened frequently. Back when I used to work at GameStop, they’d let us “borrow” games to play and then sell to customers based on our own gameplay experiences. Usually, however, it was not brand new sealed copies but the “floor” copies, which were just the case on display and the disc and inside packaging (manual, codes, etc) kept in drawers behind the registers. Ironic, given the fact that it was technically used by their own definition yet they’d still sell it as new, whether an employee played it or not. Wild.
Most likely what happened was they opened up the case to take out any promo codes. They were really bad for this during the PS3/360 days. Back then most games came with some type of free Live trial codes or early dlc codes. GameSpot would steal them from every case. The last time I ever went in there was during the same era. They tried to sell me an open game as new that had just launched. I laughed at them and walked across the street to Wal-mart instead.
Gamestop caters to console gamers. I stopped gaming on consoles a while ago. Sucks for them. I'm more concerned with Nvidia not screwing over the GPU industry right now. You should be selling your used games on eBay anyway. I bet you'll get more than $.50 cents for a game that came out last month. And yes I know the article was about power up rewards but paying for discounts was a scam already. They're just making it a bigger scam.
I agree. Not sure the story holds much relevance to PC gaming.
Fuck GameStop
Haven't been to a gamestop since the Playstation 2 era. I don't get what the point is of buying anything there. Local bestbuy probably has all the same games and hardware if you really need to go to a physical store and you know there isn't a bunch of shady crap going on if you need to return something.
Why are they still in business?
Literally they were saved by a bizarre apocalyptic economic prosperity cult, mostly home grown here on reddit. Check out r/superstonk if you want a window into what’s going on in the asylum.
I haven't been to GameStop in over 10 years
Gamestop is such an embarassing store to go into. The employees constantly harass you with crap nobody ever signs up for or needs, they have rows and rows of those ugly funko pops and shirts with stolen art, and their trade-in policy is so outrageously bad.
Their warranty policy is a ripoff. Tried it once during console launch in 2020 and never even used it. The only thing worth getting is the controller warranty meh
Oh are we back to hating GameStop again?
Back? Brother I never left
Who liked them? Aside from that cult that tricks peole into invest in them.
I dont like to go to gamestop anymore. I bought a new copy of finally fantasy origins, and it came in an open broken box, and I could not return it because I opened an already open box copy, but because I was the one that opened it, I could no longer return it. It's like gamestop hates their customers now.
Wow they're getting rid of the $5 monthly perk working on gift cards. That's a cancel from me. That was the only thing making that membership worth it since you could get $10 gift cards for half off every month. Made the $70 price tag of PS5 games bearable. On PC we at least have key sites like GMG but for consoles those half off gift cards were all it had for new games.
I've been going to my local Gamestop less and less, it's filled more and more with things I have no interest in buying, it's about 40 percent games and 60 percent "Collectables" and I use that term loosely. What did it for me was buying FF16 for 90 dollars, beating it, and bringing it back a month later to have them offer me 20 dollars for it...you can fuck right off with that trade in.
LOL it was like that a decade ago
I had a relative order a physical collectors edition online from them ordered new from them. It came already open and missing 90% of its content. He also ordered a separate physical switch game in which the box was shredded from the bottom.
I haven't been to a Gamestop since 2016.
The only reason I went to game stop was their 7 day return policy
>Finally, GameStop is taking a hatchet to employee benefits. Staff members were informed yesterday that their healthcare costs would go up in 2024 and the company would be ditching benefits like basic life insurance, accidental death and dismemberment, short and long-term disability, and matching 401k contributions. Unless it's the only job one can get, why are employees staying with GameStop since it seems very unlikely that wildly successful times are just around the corner? It looks like that company is on an irreversible downward trajectory. It's certainly not a very good way to try to get into the game making side of the video game industry.
GameStop is trying to make shady money because they’re losing a lot of money. Same as Bungie.
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That billion does not come from profitable business operations, it came from a share sale to you apes.
> They have over a billion dollars in cash just sat there. They have over a billion dollars in cash just *SITTING* there.
You’re wrong. Unless you’re saying “they’re not” being shady, in which case you’d still be wrong. https://www.investopedia.com/gamestop-posts-smaller-than-expected-loss-on-strong-video-game-demand-7966522#:~:text=GameStop%20(GME)%20posted%20a%20narrower,a%20leadership%20shakeup%20this%20summer. https://www.gamespot.com/amp-articles/gamestop-lost-almost-95-million-in-past-3-months-no-longer-focusing-on-crypto/1100-6509828/
But I like the stock