Surprised that there wasn't a thread specific to this company. Having only a superficial view of all the shenanigans around this meme stock, the notion that the CEO takes no compensation to lead this company certainly raises an eyebrow. Let's discuss all things GameStop. This tiktoker has some good OSINT content on Corporate Capture and his work on tracing who's who's and who sits on who's board of corporate america is informative. The distinction of who is capturing corporate voting rights is clear and backed with data. This one is specific to GameStop. While I'm not a fan of bobblehead visual content, his feed covers a broad range and also goes into the weeds. https://x.com/Cancelcloco/status/1787596535632404638
The problem with Gamestop is its core business has no future. Are kids going to go back to buying cartridges or DVDs of their games? Seems like everything goes through Steam or Twitch. They still run 4000+ stores: The Company has a total of approximately 4,169 stores across all of its segments: 2,915 in the United States, 203 in Canada, 404 in Australia, and 647 in Europe. Its stores and e-commerce sites operate primarily under the names GameStop, EB Games and Micromania. They did finally go positive EBITDA in 2024 Q4 at $55M so that is pretty good. They should close most of the stores & go asset light. Cohen got the authority to invest cash in other ventures. He should do what Saylor did at Microstrategy. Take your cash windfall and invest in the future. Gaming at a retail store is dead. You can be Netflix or Blockbuster.