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I don't get why GameStop didn't try to revitalize their business after the 2021 short squeeze. They had (and still have) access to a large amount of capital, bu
by matteoraso 2y ago
I don't get why GameStop didn't try to revitalize their business after the 2021 short squeeze. They had (and still have) access to a large amount of capital, but they didn't try to launch an online storefront to rival Steam or transition to a closely related industry like game development. Instead, the only real changes that I've seen are an NFT store that nobody uses and rebranding all the EB Game stores here in Canada as GameStop to grift the cult of stock holders.
- rsynnott 2y agoYou're not going to be rivalling Steam with a billion dollars and no prior experience in doing anything like that. Like, if that were sufficiently easy that GameStop could do it, someone would just go to a VC, get a billion dollars, and do it.