during the pandemic, enough to pay for every American's vaccine.)
Context is important: The company is in the midst of a long-held plan to reduce its retail space and switch to other, mostly digital forms of revenue. This online shift is central to the arguments that Redditors make about the company's fundamental value, and is one reason so many individual investors jumped on board.
The store closures are part of a larger transformation that the company is calling the GameStop Reboot. Other elements of the scheme include building stronger digital platforms and turning any given store into aThe plan, first announced with the company's second-quarter earnings in 2019, seems to be working. In the third quarter of 2020, the company recorded a 257% increase in e-commerce sales versus the prior year.
tokenizedtweets 0x6c403e1a8acde86d50f4F208c81c8016B6E3e025
No but the stock going up gives them access to financial support that they didn’t have before so intern it gives them a fighting chance that they didn’t have before. So yes it might not save them but when wall street shorts 140% of their stock trying to run them in the ground
It’s not about saving GameStop. It’s about destroying hedge funders
The point is not to save the local store. It is a movement against a manipulated market which favors the privileged. Nice try trying to reframe the issue.
This is also stock manipulation. Be better. stoolpresidente check this out
I don’t think this what it is about....I don’t think anyone cares about the stores
At this point its all just to mess with the rich elites. And its so much more entertaining
It would if they’d been smart and issued more shares. 🤷♂️
$gme $amc
but robinhood will save your local hedgefund!