One thing the short squeeze and all the coverage did was put Gamestop under a lot of scrutiny. I might have added some value just because now more people are paying attention to what they do.
GameStop appoints chief technology officer and two additional executive hires
141–150 of 199 posts
Re: GameStop appoints chief technology officer and two additional executive hires
#142Earlier quoted context omitted.
It seems to me all the streaming gaming services so far have been a flop. In order for it to work, we need really high bandwidth, reliable internet connections and low latency. The technology maybe isn't quite ready still, because we haven't really been focused on the reliability of internet connections and wifi, just more peak download speed. Streaming gaming sounds sexy, but IMO, it's probably bound to keep being a…
I am stadia subscriber and I can say that I have fallen in love with the platform. I used to play games more often and don't own a gaming PC or console, nor did I want to purchase one. Performance has been stellar thus far.
I played through Cyberpunk 2077 on Stadia and I'm lukewarm about it. On the other hand it's a good way to experience new games without the hardware (I played on a seven-year-old Hackintosh), but on the other hand, it's not a great gaming experience. Visual quality has issues and there is always some input lag even on a good connection.
Re: GameStop appoints chief technology officer and two additional executive hires
#143Earlier quoted context omitted.
GameStop had YEARS to adapt themselves to the new gaming situation, but they instead chose to go the way of the strip-mall and follow the example of BlockBuster Video. When did Steam get started? The middle-naughts? That was the time for GameStop to act. It's too late now. Even if they have the money, do they have the leadership to pull this off? Maybe they'll try, but it will be an uphill fight, even with the Chewy…
There is plenty of room to compete or innovate. GameStop might be getting a second chance, which is rare.
Lol. This is hopelessly romantic statement.
15 years ago they could have tried to compete or pivot.
Now they are in position of an underdog with no experience vs established platform - Steam, Epic, GoG - if talking about selling games.
You are basically suggesting that Gamestop have a second chance to compete vs Amazon, or Ebay, or Facebook for that matter.
They are starting from scratch, all they have is physical locations. And presumably infrastructure to manage those locations. No software teams, no user base, 0.
I realize i sound very negative but saying there is a second chance for a ship that has been sinking and captain gave everyone a bucket as means of coping is not going to miraculously fix itself. Especially since they are now 100% thinking how to exit with that cash.
Re: GameStop appoints chief technology officer and two additional executive hires
#144Earlier quoted context omitted.
This article doesn't really explain much. I think this the following definition may be closer to reality (from Twitter, I follow a bunch of short-sellers): > A short ladder attack is when a stock goes down for totally valid, normal reasons, but the bagholder realizes a conspiracy theory is preferable to admitting to a dumb trade." Also, I like these tweets by Jima Chanos (@Diogenes), well-known short-seller: > Can an…
Yes, short attacks are complete gibberish and never existed before the past week. Just a conspiracy by the poors and those dirty people without our shiny degrees. Let me google that for you. OMFG, what's this 2014 article that details how this works? https://seekingalpha.com/instablog/11442671-gerald-klein/309...
You're being unneccessarily flippant and you're not even addressing the point. The point wasn't about short attacks, it was about "short ladder attacks". The person you're replying to is actually right, that explanation of a "short ladder attack" actually just generically describes short attacks and doesn't address the nonsense conspiracy of short ladders.
The short ladder attack actually is a stupid conspiracy. It's the idea that you can paint the tape by trading back and forth with a conspirator, but do it at a price that's lower than fair market value. This is impossible. If you try and buy at a price lower than fair market value you aren't going to be matched with your conspirator, you're going to get matched against the order book at the best possible price. So to ladder down you need to control the entire demand in the market. It's absurd.
Re: GameStop appoints chief technology officer and two additional executive hires
#145> Mr. Francis brings more than two decades of experience in e-commerce and consumer technology to GameStop. Most recently, he was an Engineering Leader at Amazon Web Services. Checking LinkedIn Mr. Francis was at AWS for ~1 year working on DocumentDB, the MongoDB compatibility layer.
The devil is always in the details.
Also, wouldn't it make more sense to poach from Valve or Epic?
Re: GameStop appoints chief technology officer and two additional executive hires
#146Earlier quoted context omitted.
That 3D printer build a bear idea sounds like a good one. You could have shops just doing that.
Doesn't 3D printing take a lot of time, though? Especially for complex prints - I'm not directly involved, so I might be wrong about this, but I've definitely seen print times quoted in double-digit hours often enough that it doesn't surprise me any longer. Between that, the typical need for hand finishing, what I gather to be extremely significant capex for machines capable of printing fast in multiple colors, and t…
Yes. When you get into commercial systems, they are faster, but there's going to be a wait time that probably exceeds the time the customer is willing to sit around. At the end of the day, the material/physics[0] have more to do with "how fast it can print" than anything.
It'd make sense for them to offer some way to do this online and pick up in-store (or, hey, ship directly). But, it might bring people into the stores or you may have people that want to "feel" examples of the material they're printing the item in (assuming it's offered with different options, which would be a good idea).
[0] I'm thinking FDM here, mostly, but you're basically taking a material, heating it to the "right" melting point, applying it to a surface where gravity and controlled cooling cause the layer to adhere securely to the previous layer. The printer can only print as fast as it can reliably melt/adhere the material, any faster and you either under-extrude or fail to adhere and end up with spaghetti.
Re: GameStop appoints chief technology officer and two additional executive hires
#147Earlier quoted context omitted.
GameStop had YEARS to adapt themselves to the new gaming situation, but they instead chose to go the way of the strip-mall and follow the example of BlockBuster Video. When did Steam get started? The middle-naughts? That was the time for GameStop to act. It's too late now. Even if they have the money, do they have the leadership to pull this off? Maybe they'll try, but it will be an uphill fight, even with the Chewy…
There's still a way with video game streaming.
So they are going to compete with Stadia?
Google Stadia?
Actually Stadia will be dead in a year, judging by what has happened with it. Still, what does gamestop have in terms of software? A webdev team? Creating a games streaming platform is an enormous project.
Re: GameStop appoints chief technology officer and two additional executive hires
#148Earlier quoted context omitted.
Footer still shows 2020 as a copyright date, too. Not that it really matters - but i've always thought it was kinda funny when people just don't use a static start year with a dynamic {{ now.year }} so it is always up-to-date.
There is always the chance they considered automatically showing the current year, but counsel advised them against automatically applying a copyright date later than the last modification of the work.
I was asked to modify an application to do just this for similar reasons. The issue was that the server was in UTC and someone had noticed that the copyright date was a year in the future on one of our web apps[0], which resulted in a help desk call on a holiday.
It was unhelpful that the individual noticing the problem worked in legal. We weren't told "last modification of the work" but we were told we could not display a date in the future. I wouldn't be surprised if "last modification of the work" is the correct approach.
[0] Someone didn't have a date for New Years' Eve, I guess.
Re: GameStop appoints chief technology officer and two additional executive hires
#149Earlier quoted context omitted.
Rebuilding into a place for gamers to congregate in person rather than shout at anonymous trolls on the internet? They've got the space, and after 18 months of limited social contact it could be an opportunity
Like Radio Shack seamlessly turned into makerspaces, as the maker movement came out, where people could 3d print, design things together, and whatnot? Turning businesses around is HARD. I hope they do something, but I'm not optimistic.
Actually thinking about it, they have massive opportunity.
They are on the brink of maker movement event.
Potential end of covid (or at least restrictions), people will look for places to meet and chill together.
Its not going to be easy, but they have an angle here i think.
Re: GameStop appoints chief technology officer and two additional executive hires
#150Earlier quoted context omitted.
I see often stated as a fact that "a lot of retail investors from WSB bough a lot of GME shares", but I never see any proof about any of this. What's the proof that any retail investor actually bought GME? How many retail investors actually bought GME? How much money did they win or loose?
The fact that Robinhood had to emergency-raise $3billion to be able to put up the collateral with their clearing houses should be enough indication that a lot of retail traders were engaged in these highly volatile stocks. See e.g. https://fortune.com/2021/02/02/robinhood-gamestop-restricted...
I would be interested in seeing an audit of their emergency-raise and the reasons for it.