Re:What the Hell Is Going on with GameStop’s Stock?
by maskedoffender on Tuesday January 26, 2021 @11:06PM
(#25924132)
"Does anyone else use Gamestop as a bank?
I got really pissed off with US Bank because I kept overdrafting my account even though I opted out, and the same thing happened with my credit union when I got a debit card.
Now whenever I get paid I go preorder a whole shitload of games. Whenever I need money, I go to the nearest gamestop and ask for my money back on a game I don't want and make a withdrawal. The lines are shorter at gamestop than at the bank and I can trade in old games and have money go straight to my savings account. Gamestops are just as prevalent as banks in my town and I work at a mall so it's even more convenient than running an errand to the bank or using an ATM and getting charged
The gamestop people are starting to catch on that I'm just moving money around and only buying one preordered game a year, if that, but there isn't shit they can do about it. The best part is, since I always preorder every game coming out I'm still guaranteed to get all the exclusive content whether or not I'm sure I want a certain game. It's like they're rewarding me for banking with them."
Re:What the Hell Is Going on with GameStop’s Stock?
by ashtonkem on Wednesday January 27, 2021 @12:03AM
(#25924510)
They might be exposed to legal risk if they don’t clamp down on this. As a non-bank they do not have the KYC and AML laws in place to actually comply with federal regulation, and you might be accidentally turning them into a money transmitter.
Re:What the Hell Is Going on with GameStop’s Stock?
by sneakerblack on Wednesday January 27, 2021 @08:06AM
(#25927707)
But, you realize this is not a pump and dump right? Citron shorted the stock over 140% and hoped GME went bust to add another zero to the bank account...
This is their way of sticking it to the man
I got really pissed off with US Bank because I kept overdrafting my account even though I opted out, and the same thing happened with my credit union when I got a debit card.
Now whenever I get paid I go preorder a whole shitload of games. Whenever I need money, I go to the nearest gamestop and ask for my money back on a game I don't want and make a withdrawal. The lines are shorter at gamestop than at the bank and I can trade in old games and have money go straight to my savings account. Gamestops are just as prevalent as banks in my town and I work at a mall so it's even more convenient than running an errand to the bank or using an ATM and getting charged
The gamestop people are starting to catch on that I'm just moving money around and only buying one preordered game a year, if that, but there isn't shit they can do about it. The best part is, since I always preorder every game coming out I'm still guaranteed to get all the exclusive content whether or not I'm sure I want a certain game. It's like they're rewarding me for banking with them."
Seen it before, ages ago.
I mean that is kinda true, stocks have the value people assign it.
Question is, how long will it last before reddit gets bored and moves on?