To be clear this looks like Ryan Cohen continuing his purge of Gamestop. He's basically come in and cleaned house. Unfortunately despite the memestock hype, I t

To be clear this looks like Ryan Cohen continuing his purge of Gamestop. He's basically come in and cleaned house. Unfortunately despite the memestock hype, I think gamestop is a really boring story. They were a decent business that was in structural decline as brick and mortar died out, hedge funds got out over their skis shorting it because it clearly was dying - but in the short term the immediate revenues they had from imminent console releases meant they were way under valued. All that is over now though, the short squeeze happened, the revenue came in, they're still in structural decline. It's still way higher than it was, but it's still just looking at a short stream of cash flows and then bankruptcy and no NFT bullshit is going to save it.