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But I thought GameStop stock, the meme-y one beloved by Matt Levine was riding high. Surely GameStop has sold enough stock to meme-y retail Investors to afford
by lifeisstillgood 2y ago
But I thought GameStop stock, the meme-y one beloved by Matt Levine was riding high. Surely GameStop has sold enough stock to meme-y retail
Investors to afford a couple of yachts for each board member and keep a game magazine going - send a free copy to every stock owner surely ? What a waste of marketing
- kortilla 2y ago> Investors to afford a couple of yachts for each board member Board members generally hold stock and don’t receive large cash payments from the company. The board represents the shareholders so there would be a massive conflict of interest if they made more money from the company in cash than from shares.
- lifeisstillgood 2y agoThe point I was making is that an irrational rise in your stock price is the perfect time to sell stock in order to capture that rise - it’s almost a fiduciary duty. So selling 100 million of inflated stock should give them the opportunity to fund a lot of marketing projects, focus on the underlying business - not to cut costs and hope to survive. Either you believe there is a world for real world shops in a market dominated by Steam or you give the keys to the stores back.
- dwighttk 2y agoBeloved by Matt Levine? It’s been a a few weeks since I read him but do you mean something more than beloved for providing grist for the “look at this absurd thing” mill?
- lifeisstillgood 2y agoBeloved as in “writes about quite a lot, snorts derisively too, but still it’s stuff like this that gets the readers in, so beloved, yeah maybe.”
- eropple 2y agoIf anyone reads anything Matt Levine writes about GME and goes "ooh, I want that", they have conclusively failed at literacy, both media and mathematical.