GAMESTONKS II - Full Faith and Credit in Memes

[Daydreamer]

Anyone who bought puts on this had no clue what they are doing. The volatility was sooooo high on it that to make any sort of reasonable profit from puts it would basically have to shoot to $10 in a week which is as realistic as the people that think it's gonna go to $100 in that same week.

For reference for anyone that knows about IVs, last week I saw some at 2000%.

[zoobernut]

https://nypost.com/2024/07/01/busine...amestop-stock/

Seems relevant to this thread. Roaring Kitty is being sued for a pump and dump trading scheme with respect to Gamestop stock.

[Krandor]

Lawsuit was already dismissed.

The person who filed it apparently had 25 shares

He's safe anyways since really he just let all the idiots manipulate themselves into making him money.

[Qalbert]

https://x.com/i/status/2051245494022607159
https://www.ft.com/content/31bfd02e-...syn-25a6b1a6=1

[Zealot]

How on God's green Earth does GameStop have $56 billion.

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[Byrthnoth]

The opposite direction acquisition makes a lot more sense.

[Salodin]

We can't be in a recession and have this mother fucking company spend 56 billion dollars they don't actually have

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[Sirious]

Gamestop shouldn't have 56 cents. How it's even still in business is mildly hilarious.

[Zealot]

If they do this, they have to rebrand as EB Games.

[Anoat]

Did people meme invest gamestop back to financial solvency?

[archibaldcrane]

The Gamestop CEO has a contract incentive where he gets a huge compensation package if he hits certain "market cap" thresholds - "buying" eBay would certainly be one way to accomplish this.
https://x.com/i/status/2051275303612305412

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[Krandor]

How on God's green Earth does GameStop have $56 billion.

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They don't. Ebay is worth 4x what GameStop is.

This is a lot of outside investors (suckers) getting involved

[6souls]

https://www.dexerto.com/gaming/games...-ebay-3361773/

Gamestop CEO is selling promo merch and unused marketing materials on eBay to raise capitial.

[Zealot]

EBay suspended his account.

On to plan B, offer store credit.

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[Sirious]

Now that's funny

[Krandor]

Who is paying 12k dollars for a GameStop sign?

I feel like you could just find that out in the dumpster when the next store near you shuts down

[Anoat]

He's blatantly doing stuff that would get a store level employee fired for. All the promotional stuff is supposed to be destroyed or sent back to HQ to prevent this very thing from happening. I'm sure he wasn't doing it to actually raise money and rather just to generate buzz. But that's a shitty look.

[Mrbeansman]

He's blatantly doing stuff that would get a store level employee fired for. All the promotional stuff is supposed to be destroyed or sent back to HQ to prevent this very thing from happening. I'm sure he wasn't doing it to actually raise money and rather just to generate buzz. But that's a shitty look.

Yeah funny I still have some of my Marvel movie posters I got back when I worked for AMC.

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[Guitarman]

Dude is fleecing his rubes for all their worth. Superstonk still rides his dick endlessly. I really wish I could just turn off my morals for a year and grift idiots. I'd be so wealthy.

[Gredival]

Dude is fleecing his rubes for all their worth. Superstonk still rides his dick endlessly. I really wish I could just turn off my morals for a year and grift idiots. I'd be so wealthy.

Pls just advise me on what to do, I got you fam

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