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GameStop appoints chief technology officer and two additional executive hires

news.gamestop.com

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Re: GameStop appoints chief technology officer and two additional executive hires

#101

Post by boringg »

boringg wrote: post #100
Corrado wrote: post #37

I was thinking recently about how GameStop might pivot. They have retail locations, which a lot of companies don't, so they should take advantage of that. Some examples I have thought of include: * put 3D printers in the stores and sell custom objects based off of your gamer profile. * convert the stores into a gamer bar and show eSports tournaments. * host LAN parties or move into tabletop games

I don't know if they need to pivot [i.e. switch their entire strategy]. They have almost overnight just developed a legion of brand loyal customers. What they need to do is improve operations, improve their e-presence and figure out new products to bring to market (i.e. not traditional games). And of course make the people who bought into the brand happy. If they can capitalize on the goodwill and build products that…

Also OP good ideas to bring into the folder to continue to build community

Re: GameStop appoints chief technology officer and two additional executive hires

#102

Post by nxc18 »

high_density wrote: post #89
theorymeltfool wrote: post #23

I'm curious if the HFs that shorted Gamestop, are also profiting off of the wild swings by Redditors who have now lost hundreds of thousands of dollars. They could easily swing-trade this stock all the way down, using massive buy/sell orders to drive the price. If Melvin Capital isn't bankrupt after all of this, there might just be A LOT of broke redditors who cashed in their lifesavings on this gamble.

ditto this. And the motivation for organizing "buy gamestop" isn't altruistic as it seems.. 1. buy gamestop stocks 2. call in SJWs to 'fight against the bad guys (hedge funds)' by buying gamestop stocks - they relay this message to others 3. watch price go up, thanks to campaigns from SJWs 4. sell off when the price is right (feels highest) 5. watch the price go back to normal valuation - you can't expect this high p…

Watching this whole saga from the sideline (no investments aside from 401k, which I don’t look at), it has been really disappointing to watch everyone acting like lemmings. These aren’t particularly difficult patterns to spot, but I guess people love running with a narrative. Maybe next time people can keep their pants on and maybe keep a level head?

Re: GameStop appoints chief technology officer and two additional executive hires

#103

Post by sct202 »

tmotwu wrote: post #87
Hamuko wrote: post #81

Earlier quoted context omitted.

There's two big issues for GameStop: a) People are getting faster Internet connections, which enables them to actually utilise digital stores. The PlayStation Store is almost 15 years old and I can imagine how bad the average consumer connection was back then. And if you have a slower connection, you can still pre-order and pre-load games. b) Physical medium is not exclusive to brick and mortar. I am myself a collect…

a) Preordering and preloading games from digital stores isn't a new thing either. Internet connections are improving but are they improving at the rate of how large AAA games are becoming? (A little anecdote, I recall downloading video games on Steam 10 years ago and it took me on average a few hours. Now in the present, newer games like RDR2 took me days.) For b), I'm with you. GameStop does have an e-commerce platf…

The PC market is basically all download now. Most pre-built gaming PCs don't have disc drives, and then gaming laptops with disc drives are basically non-existent. Imo, the consoles have been stingy on built in storage space and also pricing their games the same for digital and physical, and that is limiting adoption.

Re: GameStop appoints chief technology officer and two additional executive hires

#104

Post by high_density »

syrgian wrote: post #97
elwell wrote: post #92

Earlier quoted context omitted.

> this is a financial crime How so? I may be ignorant, but isn't that just the way the stock market works. Sad, yes. Crime though?

Pump and dump is fraud. https://en.wikipedia.org/wiki/Pump_and_dump But the effort was distributed and hard to track and prove, so the scammers that knew what they were doing are most likely safe.

yes agreed. it's not crime by law... but it's like using uncovered parts of the law to swindle people.

Though it'll be really difficult to make a law preventing this without hurting beneficial actions.

Re: GameStop appoints chief technology officer and two additional executive hires

#105

Post by slg »

high_density wrote: post #89
theorymeltfool wrote: post #23

I'm curious if the HFs that shorted Gamestop, are also profiting off of the wild swings by Redditors who have now lost hundreds of thousands of dollars. They could easily swing-trade this stock all the way down, using massive buy/sell orders to drive the price. If Melvin Capital isn't bankrupt after all of this, there might just be A LOT of broke redditors who cashed in their lifesavings on this gamble.

ditto this. And the motivation for organizing "buy gamestop" isn't altruistic as it seems.. 1. buy gamestop stocks 2. call in SJWs to 'fight against the bad guys (hedge funds)' by buying gamestop stocks - they relay this message to others 3. watch price go up, thanks to campaigns from SJWs 4. sell off when the price is right (feels highest) 5. watch the price go back to normal valuation - you can't expect this high p…

It is extremely weird to define the people buying GME as SJWs.

Re: GameStop appoints chief technology officer and two additional executive hires

#106

Post by throwanem »

giarc wrote: post #49
Corrado wrote: post #37

I was thinking recently about how GameStop might pivot. They have retail locations, which a lot of companies don't, so they should take advantage of that. Some examples I have thought of include: * put 3D printers in the stores and sell custom objects based off of your gamer profile. * convert the stores into a gamer bar and show eSports tournaments. * host LAN parties or move into tabletop games

I'm not into the gaming community but I suspect there's a big contigent in the pre-teen/teen age range. GameStop could pivot into a local gaming/community place safe for pre-teens and teens that is semi-supervised. Parents could feel more comfortable knowing their kid is hanging out at a place where there is at least one adult to make sure they aren't doing bad things.

> I'm not into the gaming community but I suspect there's a big contigent in the pre-teen/teen age range

Neither am I, but based on strong anecdotal evidence from every trip I've made to Micro Center in the last couple of years, I suspect your suspicion is accurate. Especially when I did a custom PC build a couple years back, and had to visit the support department due to my motherboard needing a firmware update to run with the CPU I'd picked - I found myself all but constantly tripping over infants in Fortnite T-shirts who, I assume, had talked their parents into spending thousands of dollars on top-tier gaming rigs with the argument that it would help them develop a marketable skill.

Good on them, I say; at a similar age, I did much the same. (Athlon 600 and a Voodoo3 3000! Back when Alienware was still an upstart doing white-box builds...) But, yes, all of that's to say that I think you're absolutely right, and GameStop would be very well advised to pivot in a similar direction to what you describe. They'd need to poach some expertise from Micro Center, which would probably be expensive, and while I suspect they'd get good bulk pricing on components, there'd still be significant capex there too. But there are a lot of places in the US where GameStop is and Micro Center isn't.

Granted, I think the days of the Internet café are over for good in the US, so as a hangout hub I don't see it working. But as a place to go to get custom gaming builds plus support, peripherals, and upsells for same, I think there's real potential there, especially if you're also selling all the consoles and appurtenances thereunto. And most especially if doing all this puts you in the right place to be on the leading edge of the consumer VR boom, when that finally comes...

Re: GameStop appoints chief technology officer and two additional executive hires

#107

Post by high_density »

nxc18 wrote: post #102
high_density wrote: post #89

Earlier quoted context omitted.

ditto this. And the motivation for organizing "buy gamestop" isn't altruistic as it seems.. 1. buy gamestop stocks 2. call in SJWs to 'fight against the bad guys (hedge funds)' by buying gamestop stocks - they relay this message to others 3. watch price go up, thanks to campaigns from SJWs 4. sell off when the price is right (feels highest) 5. watch the price go back to normal valuation - you can't expect this high p…

Watching this whole saga from the sideline (no investments aside from 401k, which I don’t look at), it has been really disappointing to watch everyone acting like lemmings. These aren’t particularly difficult patterns to spot, but I guess people love running with a narrative. Maybe next time people can keep their pants on and maybe keep a level head?

on the side note, this makes an excellent youtube material...

there's a Korean investment channel that explains how people were gullible, and it's really funny to hear the fiascos...

...but not when I'm the gullible that is!

Re: GameStop appoints chief technology officer and two additional executive hires

#108

Post by high_density »

slg wrote: post #105
high_density wrote: post #89

Earlier quoted context omitted.

ditto this. And the motivation for organizing "buy gamestop" isn't altruistic as it seems.. 1. buy gamestop stocks 2. call in SJWs to 'fight against the bad guys (hedge funds)' by buying gamestop stocks - they relay this message to others 3. watch price go up, thanks to campaigns from SJWs 4. sell off when the price is right (feels highest) 5. watch the price go back to normal valuation - you can't expect this high p…

It is extremely weird to define the people buying GME as SJWs.

well they might not be the SJWs, but the gullible ones fooled by SJWs.

the whole premise of the campaign is to 'fight against the injust hedge funds' (by burning your own money, that is)

Re: GameStop appoints chief technology officer and two additional executive hires

#109

Post by whymauri »

giarc wrote: post #49
Corrado wrote: post #37

I was thinking recently about how GameStop might pivot. They have retail locations, which a lot of companies don't, so they should take advantage of that. Some examples I have thought of include: * put 3D printers in the stores and sell custom objects based off of your gamer profile. * convert the stores into a gamer bar and show eSports tournaments. * host LAN parties or move into tabletop games

I'm not into the gaming community but I suspect there's a big contigent in the pre-teen/teen age range. GameStop could pivot into a local gaming/community place safe for pre-teens and teens that is semi-supervised. Parents could feel more comfortable knowing their kid is hanging out at a place where there is at least one adult to make sure they aren't doing bad things.

Pre-teen and teen gaming is currently dominated by the Minecraft and Roblox brands (more than Fortnite, even!). I'm not sure how GameStop can form strategic partnership with those parties, but I would be targeting that aggressively.

The reality is gaming is moving into an interesting extra-social space (complementing social spaces like TikTok), where a lot of the kids I know use these games as a core means of socializing. This is especially true after the pandemic lockdown.

Re: GameStop appoints chief technology officer and two additional executive hires

#110

Post by throwanem »

sjg007 wrote: post #61
Corrado wrote: post #37

I was thinking recently about how GameStop might pivot. They have retail locations, which a lot of companies don't, so they should take advantage of that. Some examples I have thought of include: * put 3D printers in the stores and sell custom objects based off of your gamer profile. * convert the stores into a gamer bar and show eSports tournaments. * host LAN parties or move into tabletop games

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 the existence of Thingiverse and Shapeways - I dunno, this feels like something that might be good to get a few people into a store, but not something that would be likely even to pay for itself, to say nothing of paying enough to keep the lights on all by itself.
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