/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always - Gamergate 2: financial boogaloo

[Wayneright]

Most of GameStop's board to step down​

Eight members of GameStop's board of directors will leave the company after the gaming retailer's annual meeting in June, according to a new filing.

Why it matters: The "significant changes" will ensure a near-total transformation of board leadership for a company riding a stock market rollercoaster. It also affirms that new board members, led by Chewy co-founder Ryan Cohen, will chart the company's future.

The planned exits, first reported by the Wall Street Journal, include Reggie Fils-Aimé, who was appointed to the board last March and who had previously become a gaming industry celebrity as the long-time president of Nintendo's American division.

• Also leaving is Kathy Vrabeck, a former executive at Activision. Her plan to exit was announced in January.
• That will leave the board with far less games industry expertise.

Between the lines: Cohen has been calling for a company shake-up since late last year, pushing for a shift to digital sales.

• In early March, GameStop announced that Cohen would chair a "strategic planning and capital allocation committee" to figure out the company's future. None of the eight departing board members were on it.

 

[Terrifik]

 

[thismanlies]

Why it matters: The "significant changes" will ensure a near-total transformation of board leadership for a company riding a stock market rollercoaster. It also affirms that new board members, led by Chewy co-founder Ryan Cohen, will chart the company's future.

This guy was able to revolutionize the way people buy dog food. So maybe he can change the way people buy Switches and Funko Pops.

 

[Cheetahman]

Don't forget, you're here forever.

 

[Uncle June]

View attachment 2028611

Don't forget, you're here forever.

This shit is in a perpetual state of buy, grow, dump, drop. A never-ending state of pump and dump.

I love it.

 

[Terrifik]

https://twitter.com/disclosetv/status/1375498081156935683

 

[world of shit]

Since BTC was on a temporary downtrend due to upcoming futures expirations this week, I transferred some BTC gains into GME on wed at $137, sold GME today at $190 and moving back into BTC.

 

[Terrifik]

 

[Dafuqisdis?]

They're panicking because everyone knows that Gamestop will NEVER be valued at $100, $200, $300 or $400 ever again. They're bag holders who stupidly bought in after the squeeze and are getting turn into axle grease for the early investors Ferrari.

Some hilarious old posts on this thread.

 

[Nauseated Courgi]

Some hilarious old posts on this thread.

I love it when a statement ages like milk.

 

[ditto]

Some hilarious old posts on this thread.

I love it when a statement ages like milk.

In all fairness, what other stock has jumped around this crazy?

 

[DiabeticSP]

Some hilarious old posts on this thread.

If you bought over $200 you're probably still fucked but GME is a retarded dumpster fire of idiot meme buying and other chaos that's never been seen before or probably will be again.

Eventually it probably will fall and stay around $100 but who knows shits wild.

 

[HOMO FOR LIFE]

GME is now in transformative stage. However it has just begun and it would require additional capital to fuel it's reformation. That means more debt. More issuance of shares. More dillution in share prices.

All in all, GameStop will not be seeing green days for 3 years.

 

[ditto]

Eventually it probably will fall and stay around $100 but who knows shits wild.

Remember Warren Buffet: In the short run, the market is a voting machine, but in the long run, it is a weighing machine.

 

[Terrifik]

https://twitter.com/OhranjeGallante/status/1376446802992361476

https://twitter.com/disclosetv/status/1376446098127077379

Its conflicting tommorow suez canal issue is done like they said monday.
oil price should go up because of the explosion/issue/attack

 

[Terrifik]

 

[Terrifik]

 

[Gimmick Account]

Eventually it probably will fall and stay around $100 but who knows shits wild.

I thought the same until recently but they actually seem serious about doing this digital thing. Hiring Amazon and Google people or whatever has even started to turn the boomer sentiment around. I don't want to pick a number but with only 70 million total shares you could guess a lot higher.

GME is now in transformative stage. However it has just begun and it would require additional capital to fuel it's reformation. That means more debt. More issuance of shares. More dillution in share prices.

All in all, GameStop will not be seeing green days for 3 years.

Yeah, maybe. They have/had executive listings for real estate specialists and are liquidating their huge amount of brick and mortar and firing many nerd slaves. I have no idea how much that'll help, and they could still fuck up how they handle this situation (like issuing at the perfect wrong moment). Or they could surprise us by not being retarded at all. But it's not like actually being profitable necessarily matters that much for high-profile tech shit, right?

 

[Nauseated Courgi]

Did any of you guys know about this?

 

[Carbonation Grimace]

Did any of you guys know about this?

Where the fuck is the "horrifying" rating when you need it

goddamn it null