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Where did you get this about GME? It literally skyrocketed once Chewy team started to take over and transform company.
by ex3ndr 6y ago
Where did you get this about GME? It literally skyrocketed once Chewy team started to take over and transform company.
- servercobra 6y agoPersonally, I think 80% of the reason it skyrocketed was for the short squeeze, 20% because of the new team and it being undervalued if you believed in that new team. $30-$40 seems reasonable if you believe the team is gonna turn the company around IMO, but people were putting thousands and tens of thousands into shares because they're hoping the short squeeze puts it to $1k+ (at least that's the meme/not a meme if you believe WSB).
- camjohnson26 6y agoIt became a Ponzi effect where buying made the price go up and encouraged more buying. Short interest being so high helped a lot.
- perardi 6y agoOK, what does that even mean? They are a physical store that sells physical games. Physical stores are in dire straits. Some new game consoles don’t even use physical games, namely the base PlayStation and Xbox. What do you even transform into? A dedicated amiibo shop? The future is pretty obviously download-only for games.
- ex3ndr 6y agoJust random though - turn them to a gaming cafe. I could see how from time to time I will join with my friends to play something old school way. For younger it is also cool - escape parents home.
- perardi 6y agoNot a bad idea. Though, N=1, malls have pivoted (sorry) into that sort of live event space mode. When I was visiting family, the local mall had replaced a former anchor store with a really quite nice arcade.