GameStop CEO Ryan Cohen got banned from eBay after listing personal items to fund his $56 billion bid to acquire the platform in a viral stunt gone wrong.
Last I checked when you invest in a company you want them to be profitable and maintain those profits while growing right? IDK why I would be out of touch for liking a company that is doing that, also a company I shop at and have been my whole life.
When you invest in a company you also then have a vested interest in them doing well. That can cloud your judgement and cause you to look at the things you want to see.
Sure but they are doing well, they are profitable and using that money to grow. Ebay + GameStop merges the physical and online used products space, not to mention both are huge on collectables too. You say I am only seeing what I want to see so enlighten me on what I am missing.
Public perception of game stop is already poor and he is not helping that.
A few quarters of profitability is hardly enough to go on if you are trying to measure long term stability.
Gamestop revenue has never recovered to pre-pandemic levels.
Personally, if I am investing in a company, I am doing it because I believe in their mission for some reason. Maybe they are vital to the community. Maybe they are doing things in a way that is more ethical than their competition. Gamestop sells cheap plastic shit, I cannot make myself believe in that.
Frankly the whole idea of investing in a company to make personal profit out of it is cynical and rooted in exploitive capitalistic thinking.
I don’t think that, but it doesn’t really matter either as numerous CEOs could be described this way.
Public perception of game stop is already poor and he is not helping that.
I don’t see how its poor when they have lines outside their buildings every time a new game/console comes out just like they have since I was a child. I still shop there and so do my friends and family. Maybe there is negative comments online but IRL doesn’t seem that way.
A few quarters of profitability is hardly enough to go on if you are trying to measure long term stability.
We are talking about a company that was started in 1984 and has a recession proof business model that has proven it numerous times. I think they check the long term stability especially since as long as Xbox, Nintendo, Playstation, Steam Consoles and trading cards exist so will GameStop.
Gamestop revenue has never recovered to pre-pandemic levels.
Revenue is down because they have been cutting bloated stores that were not profitable so revenue is down but profits are up which just means they have been cost cutting something that is seen as a benefit to other companies. Also profits lead to more revenue as we see with them trying to purchase ebay, their revenue will be at an all time high if the deal goes through and if it doesn’t they will try and purchase a different company.
Gamestop sells cheap plastic shit, I cannot make myself believe in that.
They primarily sell electronics and collectables with trading cards being the largest part of their collectables. I wouldn’t call my Playstation and my pokemon cards cheap plastic shit, but hey maybes its not something you are into like me so I understand why it doesn’t interest you.
Frankly the whole idea of investing in a company to make personal profit out of it is cynical and rooted in exploitive capitalistic thinking.
You are not wrong there but this is the system we live in, I would love for something different but I would also like to retire one day.
Being that he is a billionaire, his connection to reality probably rivals your own.
Last I checked when you invest in a company you want them to be profitable and maintain those profits while growing right? IDK why I would be out of touch for liking a company that is doing that, also a company I shop at and have been my whole life.
When you invest in a company you also then have a vested interest in them doing well. That can cloud your judgement and cause you to look at the things you want to see.
Sure but they are doing well, they are profitable and using that money to grow. Ebay + GameStop merges the physical and online used products space, not to mention both are huge on collectables too. You say I am only seeing what I want to see so enlighten me on what I am missing.
Ryan Cohen is very strange and uncomfortable.
Public perception of game stop is already poor and he is not helping that.
A few quarters of profitability is hardly enough to go on if you are trying to measure long term stability.
Gamestop revenue has never recovered to pre-pandemic levels.
Personally, if I am investing in a company, I am doing it because I believe in their mission for some reason. Maybe they are vital to the community. Maybe they are doing things in a way that is more ethical than their competition. Gamestop sells cheap plastic shit, I cannot make myself believe in that.
Frankly the whole idea of investing in a company to make personal profit out of it is cynical and rooted in exploitive capitalistic thinking.
I don’t think that, but it doesn’t really matter either as numerous CEOs could be described this way.
I don’t see how its poor when they have lines outside their buildings every time a new game/console comes out just like they have since I was a child. I still shop there and so do my friends and family. Maybe there is negative comments online but IRL doesn’t seem that way.
We are talking about a company that was started in 1984 and has a recession proof business model that has proven it numerous times. I think they check the long term stability especially since as long as Xbox, Nintendo, Playstation, Steam Consoles and trading cards exist so will GameStop.
Revenue is down because they have been cutting bloated stores that were not profitable so revenue is down but profits are up which just means they have been cost cutting something that is seen as a benefit to other companies. Also profits lead to more revenue as we see with them trying to purchase ebay, their revenue will be at an all time high if the deal goes through and if it doesn’t they will try and purchase a different company.
They primarily sell electronics and collectables with trading cards being the largest part of their collectables. I wouldn’t call my Playstation and my pokemon cards cheap plastic shit, but hey maybes its not something you are into like me so I understand why it doesn’t interest you.
You are not wrong there but this is the system we live in, I would love for something different but I would also like to retire one day.