Sounds like crypto…

As was Enron...

Enron is making a comeback now: https://www.cnn.com/2024/12/02/business/enron-resurrected-jo...

as a crypto play apparently, so

> mostly on the back of [its] delusional investors creating a self-fulfilling prophecy

continues to hold true.

I'm not saying you are wrong, but GME is an interesting contrast. Despite delusional investors they didn't manage to make anything of it.

They're still around. Remember they were shorted because they seemed on the verge of bankruptcy..

More zombie than thriving though.

Fair enough. They were able to exploit it with a massive share offering at a high price, which not only got them in the black but set them up with considerable holdings sufficient to survive the next downturn. So they're not going anywhere. But yeah, I don't think they have any ideas for future growth.

They should have used that money to buy GOG and go into digital distribution competing with Valve & Epic, or something like that.

But then again, so many stable companies get pushed by their investors to make big ambitious bets, then go belly-up. I kinda got respect for them just focusing on a good brick-and-mortor game buying experience.