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And despite that big fat check of $30 or whatever you see, Gamestop has lost money last quarter and severely declined in revenue. The marketplace is dying. Gam

And despite that big fat check of $30 or whatever you see, Gamestop has lost money last quarter and severely declined in revenue. The marketplace is dying. Gamestop is losing money. Even with those tricks its still not looking profitable. ----------- We're not quite at the level of BBBY where the shelves are literally empty. But we all can see that Gamestop is entering a death spiral here. Nothing against the store or anything, but its just not a useful place to shop, and its increasingly becoming a less useful place to sell games too.

vel0city 3y ago
> And despite that big fat check of $30 or whatever you see, Gamestop has lost money last quarter and severely declined in revenue. But you see that's my point. In my opinion, pushing away their core audience through such crappy buy-ask spreads they've accelerated their own demise. They treated it as their cash cow for a while and kept jacking up their spread, and now most people just don't care about trading games anymore. From my perspective there's almost zero benefit to trading in the physical game or buying used since the discount isn't much at all, might as well just buy it direct from the digital marketplace. I know for me, they'd have made significantly more off my friends and me the past several years if their bid-ask spread hadn't driven us away from the store seeing them as a greedy store. A few dozen used trades each versus literally $0 as there's no point in shopping there versus Target or Walmart or the digital marketplace. They had one thing that made them unique, and they ruined it over the years. And I disagree that the entire used games marketplace is dead, but I do agree its dying. There's a small local chain of used movies, music, and games nearby they seem to turn of a good bit of merchandise. They don't set up locations in expensive real estate locations and they're not spending a lot of money trying to make NFT marketplaces, and from what I gather they're probably pretty low debt so they're not forced to make a lot of interest payments.

vel0city 3y ago

> And despite that big fat check of $30 or whatever you see, Gamestop has lost money last quarter and severely declined in revenue. But you see that's my point. In my opinion, pushing away their core audience through such crappy buy-ask spreads they've accelerated their own demise. They treated it as their cash cow for a while and kept jacking up their spread, and now most people just don't care about trading games anymore. From my perspective there's almost zero benefit to trading in the physical game or buying used since the discount isn't much at all, might as well just buy it direct from the digital marketplace. I know for me, they'd have made significantly more off my friends and me the past several years if their bid-ask spread hadn't driven us away from the store seeing them as a greedy store. A few dozen used trades each versus literally $0 as there's no point in shopping there versus Target or Walmart or the digital marketplace. They had one thing that made them unique, and they ruined it over the years. And I disagree that the entire used games marketplace is dead, but I do agree its dying. There's a small local chain of used movies, music, and games nearby they seem to turn of a good bit of merchandise. They don't set up locations in expensive real estate locations and they're not spending a lot of money trying to make NFT marketplaces, and from what I gather they're probably pretty low debt so they're not forced to make a lot of interest payments.