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.
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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.