31–40 of 251 posts
Well if you’ve seen the CNBC interview with the GameStop CEO he couldn’t answer basic questions about the deal so the outcome here isn’t surprising. The interview was so bad the first time I saw it I thought it was some sort of satire bit. No, it was real and the commentators were literally speechless.
I really thought it was going to be the other way around. I am quite confident that if GameStop bought eBay, they would ruin it in the same way that K-Mart buying Sears ruined that company. I could be wrong, I'm not a business person, but it seems kind of obvious that a company like GameStop, whose current existence appears to be due to a weird short squeeze anomaly, is not a sustainable business.
The context this comment misses is Gamestop's secret weapon is their CEO Ryan Cohen who has been sitting around the hoop trying to figure out how to leverage Gamestop's fundraising capabilities to do something big Couple of highlights on Ryan - Built and sold Chewy from a startup to the largest ecomm acq of all time - Became #1 individual shareholder of Apple early on - Bought a 10% share of Gamespot in 2020 becoming…
Well if you’ve seen the CNBC interview with the GameStop CEO he couldn’t answer basic questions about the deal so the outcome here isn’t surprising. The interview was so bad the first time I saw it I thought it was some sort of satire bit. No, it was real and the commentators were literally speechless.
Earlier quoted context omitted.
The context this comment misses is Gamestop's secret weapon is their CEO Ryan Cohen who has been sitting around the hoop trying to figure out how to leverage Gamestop's fundraising capabilities to do something big Couple of highlights on Ryan - Built and sold Chewy from a startup to the largest ecomm acq of all time - Became #1 individual shareholder of Apple early on - Bought a 10% share of Gamespot in 2020 becoming…
I wish we would normalize people just running a business well and taking a damned salary.
Earlier quoted context omitted.
I guess it comes to management. I agree that if GameStop were basically rebranded as eBay brick and mortar stores, that might work. I guess I just feel like if it were GameStop itself that were managing it then it would be unlikely to actually work. It's not like digital storefronts are new ; I think GameStop should have been pivoting the moment that Steam started getting traction.
You guys might not have seen the recent interviews (last week) with gamestop CEO Ryan Cohen. Gamestop has already pivoted, game and console sales are cyclical and hard to base a business upon. They have leaned hard into collectables as a way to expand their business and retail model. I am unsure how a Gamestop/eBay storefront would do. Physical manifestations of "eBay stores" have existed in the past and none of them…
A key here I think is the easy gradual transition here because Gamestop already has the used games business they could slowly integrate that into listing used games on eBay that were received at stores and then add related categories step by step with collectables and consumer electronics. There'd also be options of ebay items delivered to store which increases store traffic and doesn't involve giving strangers on the internet your home address, and there might be opportunities there to enter logistics and lower delivery costs for people.
Earlier quoted context omitted.
I mean they make a good point -- ebay isn't a serious company anymore. It really needs someone with a vision to rebuild it. That its limping along and executives are essentially bleeding a previously valuable internet asset dry is kind of sad.
Neither is GameStop
Here's the biggest reason why - GameStop CEO Ryan Cohen gets a performance pay if the market cap goes up: > The total award consists of stock options to purchase 171,537,327 shares of the Company's Class A common stock at a price of $20.66 per share. Tranche Award% Market Cap Hurdle EBITDA Hurdle 1 10% $20 Billion $2.0 Billion 2 10% $30 Billion $3.0 Billion 3 10% $40 Billion $4.0 Billion 4 10% $50 Billion $5.0 Billio…
Earlier quoted context omitted.
I guess it comes to management. I agree that if GameStop were basically rebranded as eBay brick and mortar stores, that might work. I guess I just feel like if it were GameStop itself that were managing it then it would be unlikely to actually work. It's not like digital storefronts are new ; I think GameStop should have been pivoting the moment that Steam started getting traction.
You guys might not have seen the recent interviews (last week) with gamestop CEO Ryan Cohen. Gamestop has already pivoted, game and console sales are cyclical and hard to base a business upon. They have leaned hard into collectables as a way to expand their business and retail model. I am unsure how a Gamestop/eBay storefront would do. Physical manifestations of "eBay stores" have existed in the past and none of them…
At least my shipping broker in Canada uses small retail stores as dropoff points and then has a network of gig courier delivery companies they send stuff to for last mile delivery. Saves a lot on shipping costs.
I’ve noticed they don’t really integrate with gig couriers for last mile US shipments, just a few consolidators for mid-mile (eg: UPS Mail Innovations that uses USPS for last mile)
Might further delay delivery times but I use eBay to save some dollars in exchange for delayed gratification.
I really thought it was going to be the other way around. I am quite confident that if GameStop bought eBay, they would ruin it in the same way that K-Mart buying Sears ruined that company. I could be wrong, I'm not a business person, but it seems kind of obvious that a company like GameStop, whose current existence appears to be due to a weird short squeeze anomaly, is not a sustainable business.
The context this comment misses is Gamestop's secret weapon is their CEO Ryan Cohen who has been sitting around the hoop trying to figure out how to leverage Gamestop's fundraising capabilities to do something big Couple of highlights on Ryan - Built and sold Chewy from a startup to the largest ecomm acq of all time - Became #1 individual shareholder of Apple early on - Bought a 10% share of Gamespot in 2020 becoming…
Ahh. 100b https://investor.gamestop.com/news-releases/news-details/202...