4 ms·
The Gamestop CEO is an interesting character, he grew Chewy and sold it, did a massive play on Apple stock during the pandemic and used that to buy a 9% stake i
by vasco 6mo ago
The Gamestop CEO is an interesting character, he grew Chewy and sold it, did a massive play on Apple stock during the pandemic and used that to buy a 9% stake in Gamestop over time, rode the hype to accumulate $9B while turning the company around and closing stores that weren't profitable and making it a money making budiness again. And now they already own 5% of eBay on top.
Along the way he says some ridiculous Trump stuff and wasted a bunch of time on NFTs but the eBay play seems interesting at least. It's one of the best internet soap operas to follow. For comparison AMC was put in the same "meme stock" bag at the time and you can see how they managed to ride the hype. So it's not just memes.
- Rekindle8090 6mo ago[dead]
- Eldt 6mo agoHe's a meme trader manipulating retailer investors, following Elon's footsteps
- memaw12341234 6mo agothose guys have a very strong track record of getting their way lately
- deleted 5mo ago[deleted]
- CWwdcdk7h 6mo agoI mean he pumped and dumped BBB, and those people (or should we call them apes?) still love this guy.
- dcminter 6mo agoI look forward to today's Money Stuff!
- turtlesdown11 6mo ago> turning the company around The revenue for Gamestop continues to decline, even if they are "profitable". The annual decrease in revenue continues. It's a dying business, it hasn't been turned around. The most charitable comment you can make about the company is that they've shrunk the business to align with their revenue decline. https://stockanalysis.com/stocks/gme/revenue/ https://stockanalysis.com/stocks/gme/revenue/
- v4dm 6mo agoWhat about the company's profitability? Did that continue to decline as well?