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Re:Statement of SEC Regarding Recent Market Volatility by mike00632 on Friday January 29, 2021 @03:43PM (#25962231)
This narrative that GameStop is actually a good company and it's turning around despite all the short interest is pure bologna. Worse, it's intentionally misleading and often espoused by people who have a financial interest in the company. It's crazy to see people in this forum, who are typically tech forward, hype up the business model of selling physical copies of video games.
Re:Statement of SEC Regarding Recent Market Volatility by stonogo on Friday January 29, 2021 @09:02PM (#25965268)
This is a common reaction to people who haven't followed Gamestop for a while. Cohen and RC Ventures bought in a while ago and have been pushing for the company to pivot out of the brick-and-mortar focus. This is why 'people who have a financial interest' are talking this way. Everyone involved recognized this would be an expensive proposition. Then the short sellers showed up.