this post was submitted on 20 Feb 2025
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GameStop selling 500+ stores because of "woke". (htxt.co.za)
submitted 2 days ago by Cat@ponder.cat to c/games@sh.itjust.works
19 comments fedilink hide all child comments
 
  • GameStop is hoping somebody will buy its Canadian and French operations.
  • This amounts to over 500 physical stores across both nations.
  • The company’s CEO decried “Liberalism, Socialism, Progressivism, Wokeness and DEI” within his firm while shopping for a buyer.
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[–] ShepherdPie@midwest.social 1 points 1 day ago (1 children)

But at the end of the day, tricks and manipulation can only get you so far. When quarterly filings show poor performance and stores start shutting down, I don't see how they (and by extension their share price) could possibly recover or increase. The issues they face aren't some temporary storm they have to weather, it's a permanent change in consumer's buying habits and the market as a whole. Even outside of retail sales, the entire gaming industry has been in shambles for several years now with no change in sight.

[–] Doom@ttrpg.network 1 points 1 day ago

Again I 100% agree however..

The dude who saw it at $7 and said it was gonna pop, doubled down after $400 and still believes it'll pop again.

He knew the first time, he's smarter than me, he didn't sell. I am still in the green by like more than double where I was at the start. I'm gonna continue with my gut and believe this dude knows something I don't because so far he hasn't made me think otherwise.

Everything else literally anything else besides what I said in this post is noise to me you know?