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I wasn't following any of this until a few days ago. Are there any fundamentals here, did GameStop ever pivot from their CD exchanging/rental business somehow?
by throw1234651234 6y ago
I wasn't following any of this until a few days ago. Are there any fundamentals here, did GameStop ever pivot from their CD exchanging/rental business somehow? I have a hard time imagining how they could without trying to compete with Steam and EA's platform.
The ideal situation for them here is that they hold enough of their own stock to sell some now and try to pivot with all the funding.
As far as people looking to speculate - you probably genuinely are too late, despite me being a supporter of riding bubbles like this, since obviously it works, sometimes.
- deleted 6y ago[deleted]
- searine 6y ago>did GameStop ever pivot from This stock now has zero to do with the GameStop business. It is traders fighting other traders causing a wild fluctuation in the stock. GME is just the arena for the fight.
- flawi 6y agoWhile true that the current situation is pretty far detached from the fundamentals, it's not 100% speculative. GameStop just named Ryan Cohen and 2 other execs from Chewy on the board after Ryan pitched an e-commerce based strategy similar to what they did with Chewy. People have some faith in that, certainly enough to believe that the shorts are misplaced.