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828

Looks like GameStop is on the chopping block again. Be prepared to see a bunch of people coming out and mocking things like "wall street bets" (I didn't really follow it other than wall street panicking that they were going to get fucked over some put's, which was funny).

Then again, I have not walked into a gamestop for at least 10 years at this point. Even the "used" stuff was stupidly overpriced and I am not a "console player". They really have nothing to offer since I also don't collect random figurines and crap.

Archive: https://archive.today/OAPSl

From the post:

>GameStop has announced that it plans to shut down more stores amid dwindling sales. The retailer said it is struggling to sell new and used video game discs in-store as Americans shift toward digital downloads, streaming and online shopping. Following the announcement of its second-quarter earnings this week, bosses said they are identifying stores for closure. Worryingly, they said they would shut down more outlets than it has done in the past few years. In March, GameStop announced it had closed 287 stores worldwide over the previous 12 months, leaving it with just over 4,000 physical locations.

Looks like GameStop is on the chopping block again. Be prepared to see a bunch of people coming out and mocking things like "wall street bets" (I didn't really follow it other than wall street panicking that they were going to get fucked over some put's, which was funny). Then again, I have not walked into a gamestop for at least 10 years at this point. Even the "used" stuff was stupidly overpriced and I am not a "console player". They really have nothing to offer since I also don't collect random figurines and crap. Archive: https://archive.today/OAPSl From the post: >>GameStop has announced that it plans to shut down more stores amid dwindling sales. The retailer said it is struggling to sell new and used video game discs in-store as Americans shift toward digital downloads, streaming and online shopping. Following the announcement of its second-quarter earnings this week, bosses said they are identifying stores for closure. Worryingly, they said they would shut down more outlets than it has done in the past few years. In March, GameStop announced it had closed 287 stores worldwide over the previous 12 months, leaving it with just over 4,000 physical locations.
[–] • 2 pts

The game industry was worthwhile flooded back in the late 90's for such businesses... Nowadays there isn't much places like these can offer to compete with modern competition. They're nice when you just need some hardware that's (((sold separately))), and don't wanna waste time searching the internet or wait on shipping.

[–] • 2 pts

It always surprises me that they're still open in general.

There's a not that great part of Columbus that I have to go through sometimes, near one of the old old malls. It's just kind of a "Used to be the place to be" area, now it's "We're trying to redevelop and clean it up but why come here" places.

Other than fast food joints and cell phone stores, Gamestop is the last "name brand" retailer left...everything else is just empty buildings, churches, or locals that serve people who aren't me. It's odd to see that one lone store still sitting there.

[–] • 2 pts

OK everyone... you know what to do. Go $GME!

[–] • 1 pt

Diamond hands! That was the thing right? I can't remember...

[–] • 1 pt

Yea, all these Robinhood "traders" were shorting $GME. Then, the stock went up like crazy because Goldman Sachs saw this and knew they could play the opposite side. It was hilarious.

[–] • 1 pt

People who went through the GameStop market knew what they were getting into (or at least should have). You went in with the expectation of losing everything you put in, but in that instance, you could virtually strangle all the (((vultures))) greedy greed. And it felt good.

You could hold on to it as a virtual trophy. Share the story with friends, who would look at you cool, and then think "wait, no. This guy is an idiot. Why didn't you sell after?"

[–] • 1 pt

Yeah, Honestly I was not a part of it but if I put $5 or $5k in it I would have done it gladly to fuck the "vultures" over.

This was a real protest. Multiple exchanges banned trading so the "too big to fail" fund's had a chance at recouping their losses since they were so over extended it could bankrupt them. Fuck them. Make them live down by the river in a cardboard box to make them understand what they are doing to others.

[–] • 1 pt

Haven't been in one for decades; they give kids a penny on the dollar for games etc., and resell them for near full msrp.

[–] • 1 pt

Once games went digital the writing was on the wall. I expected it to go the way of Blockbuster years ago. Guessing their other services and merchandising was enough to keep them going this long. Expect them to be gone in the next 5 or so years. Lot of that going around these days.

[–] • 1 pt

Looks like it's time to buy another ticket to the moon