GameStop, the world's biggest retail video game chain has had a wild and turbulent 12 months to say the least. As the video game market continues on its inevitable trek to becoming more and more of an entirely digital industry, GameStop has clearly been struggling to adjust to the changes. GameStop drama has been covered here on GBAtemp in the past, from its switch to focusing on merchandise and legacy games, to its decision to remain open following the COVID-19 pandemic, to its reversal of that decision. However, perhaps GameStop's craziest story has very little to do with the financial success of the company itself.
Prior to this month, GME (GameStop's stock ticker)'s 5 year high was approximately $33 in April of 2016. However, that figure drastically plunged down to under $4 in 2020. This month however, that figure has absolutely skyrocketed above anybody's expectations--closing out today at $148.70 a share. This figure has since risen to over $240 in after-market hours. Many factors went into this large stock price; primarily a battle waging between investors of the /r/wallstreetbets subreddit and the short seller Melvin Capital. In essence, Melvin is betting that the stock price will fall below $60 by Friday, while hundreds of thousands of investors on /r/wallstreetbets have been rallying together to keep the price above $60 in hopes that it will skyrocket even further. Allegedly, "$1,000 GME by EoW is not a meme!"
Always remember to invest at your own risk, and know that nothing posted on GBAtemp or /r/wallstreetbets regarding this situation should be construed as financial advice.
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Okay i may not know about stock for crap, but after reading the comments that make sense instead of implying that this was done maliciously, or it's stock manipulation(note: if they did that then they dumb as a sack of potatoes, but i don't think they would, i mean look at all the ps5 orders people tried to do around the release of it - gamestop site crashed down, and people wondered what was going on - now i do believe that might also be the main reason gamestop stock risin up as well) - i rather stick to the fact: i do believe that reggie did help out more then you all think, seriously the man did his job dang well in nintendo of america if you look at his history, he wasn't bad at all managing buisness, i am honestly surprised he got gamestop to fly to the moon lol. Yet glad he did, because yes gamestop has all butt f*cked us in some way - that doesn't erase the matter of it now being the only place to get gaming merch and games, to further add on: it's a place to actually feel that you know what's gonna happen xD.
Gamestop is like a cruddy home, but it's still good at doing what it can - i don't blame the employees that actually gave a darn dang for their job, and the store, although for those who sat there to complain like a bunch of hoe bags on twitter - joining with the cancel mob were being extremely stupid asf, because now these idiots are going around begging for a job around the time they bailed off gamestop - see the thing that people are *still* not noticing at all, - which baffles me at best here is that gamestop wasn't wrong in keeping open during 'covid' happenings, they were being smart, actually gave a dang for they're worker's - now you may want to know - how?? these bastards clearly just showed they don't care cause they made their employee work in such "bad" conditions. - sigh i agree that payment in gamestop is butt cheek, but the one thing that i saw, i assume other folks have noticed as well is that gamestop does care..- see the logical reason why they kept open around the 'covid' hysteria is because they *knew* about how people were quickly losing they're jobs, they knew that they're employees needed the money to pay their bills instead of being babied by they're governor like it happened unfortunately *smh* - anyway they took the risks because they wanted these ungrateful pack of people to have something to survive, because of how bad money was getting.
Yet it all was smacked across gamestop face because of cancel culture and whiners who don't notice things until late, now these imbeciles are going around jobless still complaining till this day -_- - and you want me or anyone else to feel bad for those(these) ungrateful/cancel culture people? nah fam i rather support gamestop choice, they were doing a smart thing - too bad nobody noticed it at all because they were to busy raging, and some of those ragers weren't even gamestop customers from what i saw through out the mess rather woke people lol. I was so confused on what the living heck were they even doing, i swear xD.
- Yes, i know the counter response to what i am stating is that gamestop could have paid them while their employees were at home, --see they were going to do that or gonna do it but since - again people start to become like savages, didn't think at all just quit the jobs - it..never happened, even at that i believe these people would have been fine to come to work for those who were healthy, and not have screw up health conditions that well are weak around the 'covid' thing. - yes, hi i am one of those awake weirdos, here me...idk push a button f*ck am i supposed to type here?
Finally, i do hope gamestop continues to actually improve and continue to live on because my bum arse don't got no gaming store near me anymore, if you haven't realized those small buisness or if they were big? left, they shut there stores down permanently, the other alternative to gamestop, however, i get the strong sense people will shift it to 'online shopping' unless you live in actual house not apartment go right ahead, yet ya still gonna get mugged lmao especially around this year...annnd the factor of getting screwed over online, not knowing if the item is any good, cause some people do not trust online reviewers even at best - it just, online shopping has a real stinky list. - i rather shop for real not digitally, it takes the fun out of things. - like seeing funny things happened in the store lmao..okay i stop now.
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f*ck man this is why you should never make a reply or be online when you half awake bro i made error on my sentences lmao sorry y'all.
. Now expect the worst in the fall (unless there are any other short sellers that are still thinking they have a chance in winning).
