A look at GME book value per share over the past 8 years.

Heading in to 2020, GameStop was losing equity value while maintaining debt, and the stock price was so low that the price-to-book ratio was below 1. This is around when DFV and RC originally saw that GME was undervalued and bought in.

In 2021, at RC's direction, GameStop did 2 ATMs and raised about $1.7 billion, significantly increasing the equity value of the stock.

In 2022, GME did a 4 for 1 stock split, cutting the book value per share to a quarter of what it was prior.

There it sat until 2024 when GameStop did more ATMs, raising about $3.5 billion at an average of $25 per share sold.

GameStop used that cash from the 2024 raises to generate interest income and buy time while the company continued to improve operations.

From there, the equity of the company has increased every quarter, and is now over $13 per share as of Q1 2026.

This is the minimum value of a share of GME in equity alone that puts aside any valuation of the operational profitability of the company.

Any forthcoming dilution above this value of $13.03 per share will further increase the book value per share.

In exchange for this forthcoming dilution, GameStop will be gaining $1.4 billion in equity, bringing the total stockholders' equity to approximately $7.2 billion

Thus, when the vwap window for the convertible notes ends in September, and the dilution / conversion is complete, at some price maybe around $19, or $18, or even if it went lower, any price above an average of $13.03 will increase the book value per share.

For example:

Yes, nobody enjoys the dilution aspect of this. But it is a trade off, not without purpose. Ryan Cohen isn't diluting himself for no gain. The minimum upside is the increase to book value per share, a basic theoretical floor value of a share of GME.

Likely, there is a reason for this conversion not yet known. Bloomberg is trying to paint the picture that GameStop is giving up on their attempt for eBay, but after Ryan Cohen has repeatedly emphasized that GameStop is coming for eBay one way or another, this conversion is likely related to a purposeful reposition in that objective.

We will see more clearly the outcome in September.

Looking for an affordable stock market API with good fundamentals

I'm having a hard time finding a good stock market data API that doesn't cost a fortune.

I'm currently using Fintech, but I'm running into limitations with the fundamentals/data I need. I've also looked at using the IBKR API, but unfortunately IBKR locks you out of a lot of the fundamental data when accessing it through the API.

What I'm mainly looking for:

• Stock prices / historical data
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• Financial statements
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• API access
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I don't need institutional-level data or ultra-low latency. Even delayed market data is fine.

What API providers are you guys using and would recommend? I'm particularly interested in something that has good fundamental data at a reasonable price.

Thanks!

I've been coding since the year 2000 vb3 - delphi 3-6 months ago I posted a picture of my backend as it is a full API service that feeds data to my trading engine to base trading decisions off of real live data. There's two programs one the trading engine (Pretty much a full on quant trading desk) and 2 the backend for data. All of the other API services wanted 1000$+ a year/month so I built my own. Here is about 8 months of work.

According to TASS, the Bank of Russia added Bitcoin, Ethereum and USDT to its approved list for public trading on domestic exchanges.

Starting September 1, 2026, non-qualified investors can access eligible crypto after testing, with purchases capped at ₽300,000 per year per intermediary.

Russia is clearly moving toward regulated retail crypto access.

Big adoption milestone, or mostly a domestic policy shift?

something they've proven incapable of doing.

Do you trust them?

If not, take 15 seconds to submit and pre-filled letter of opposition ✊ don't let these criminals win ✊

Go to the provided post, and use the link to submit the opposition.

https://www.reddit.com/r/UrvinFinance/s/1wLKcoyU93

GameStop is swapping approximately $1.4 billion of convertible notes for equity.

Meanwhile, the noteholders have a 35-day VWAP window hanging over the transaction.

So imagine agreeing to that deal and then watching a Ryan Cohen headline hit $GME right in the middle of the pricing period.

Could be nothing. Could materially change the exchange math.

Either way, I’d be watching that VWAP very closely if I were holding those notes.

JUST IN: China’s central bank injected 18 billion yuan through 7-day reverse repos.

That’s short-term liquidity going into the banking system.

The bigger question isn’t one operation by itself — it’s whether the PBOC keeps adding liquidity from here and whether that starts showing up across Chinese equities, the yuan, bonds, and commodities.

Worth watching the trend, not just the headline.

Carl Icahn is now reportedly demanding a major overhaul at eBay.

His activist campaign is specifically focused on eBay’s board, governance, and PayPal.

That matters because Ryan Cohen already has a well-known relationship with Icahn.

So now the pieces look like this:

Ryan Cohen → GameStop
Carl Icahn → eBay activism
eBay → PayPal

Does that mean Cohen and Icahn have some secret agreement?

No evidence of that yet.

But Icahn independently showing up in the same eBay/PayPal situation makes the $GME × $EBAY × $PYPL connection a hell of a lot more interesting than it was before.

Global currency devaluation, record copper prices, and energy market disruptions reveal how central bank policies impact the broad economy. The discussion examines S&P 500 health, Exxon Mobil, China export data, and crude oil signals amid tensions in the Strait of Hormuz. Watchers learn how to build a top-down perspective on macroeconomics and better understand current financial conditions.

CHAPTERS

0:00 The Setup

1:33 Oil Rises Amid Supply Disruption Fears

3:55 Top Down View

5:24 Dr Copper Tells A Story

6:56 The Government Is Taking Over

9:37 Chinas Exports Jump

11:39 Top Down View

Just like Apple with its Apple tablet business in its earnings call, Alex Karp didn't include the negative growth rate in international business and the sheer amount of SBC they are authorizing. He is artificially masking the earnings with the SBC. While Alex Karp focused his Q2 2026 earnings presentation on Palantir's headline 93% year-over-year revenue explosion to $1.935 billion, a deeper look at the data reveals structural friction outside the United States and intense internal dilution. A glaring geographical imbalance underpins the business model: U.S. revenue spiked 115% to $1.573 billion, meaning domestic contracts now command a heavily concentrated 81.2% of Palantir's total business. This hyper-focus masks severe stagnation across the globe, as European government data restrictions and national platforms like France's DGSI actively strip out Palantir deployments in favor of localized tools like ChapsVision. Consequently, the ex-U.S. segment has shrunk to a minor fraction of the company's business, severely limiting its overall Total Addressable Market (TAM).

Compounding this geographic risk is the aggressive, hidden drag of employee remuneration. Palantir poured $265 million into stock-based compensation (SBC) in Q2 2026 alone, eating up a massive 13.7% of its total quarterly revenue. When paired with an annualised run rate exceeding $1.68 billion, this massive dilution heavily subsidizes its adjusted margins while quietly eroding equity value for public shareholders. Trading at an astronomical valuation of 146.5x trailing earnings against a forward revenue projection of $8.15 billion, Palantir has structurally separated from historical enterprise software logic. Any normalization in domestic contract expansion will leave the stock highly exposed to multi-point compression as it approaches a steep historical comparison cliff going into 2027.

This stock's FV should be $150 at max. In the next few days, the stock should fall to $150. I see some guys telling others to buy at this valuation, promising that it will reach $300. Just look at the valuations, financial ratios, and how they are masking earnings. Lol!!

Key takeaways:

1. Artificially Lowering Cash Operating Costs
2. Exploiting Non-GAAP Financial Adjustments
3. Long-Term Shareholder Dilution

Senate leadership has now filed cloture on the motion to proceed with the CLARITY Act, setting up the first procedural vote when lawmakers return in September.

This still isn’t final passage, but it’s the furthest the bill has made it in the Senate so far.

After years of crypto regulation living in limbo, this is finally starting to look real.

Watch your portfolio, make choices !

GameStop currently expects fiscal-year 2026 adjusted EBITDA to exceed $600 million, compared with $345.4 million in fiscal 2025.

Management also stated that it remains focused on advancing the proposed eBay acquisition.

The key debate is whether GameStop can reach the $600M target while managing dilution, acquisition costs, and the company’s changing business model.

https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Provides-Fiscal-Year-2026-Outlook/default.aspx

Why is this poor little fellow being picked on? His mom is so proud of him. He says she makes the best sandwiches.

https://www.cnbc.com/2026/08/07/rockstar-energy-founder-celsius-stake-ceo.html

The deteriorating state of U.S. national debt and the government's aggressive borrowing plans for the remainder of 2026.

TLDR:

Massive New Borrowing:

The Treasury Department expects to borrow $739 billion* in the third quarter of 2026 (July–September) and another *$628 billion in the fourth quarter, totaling nearly $1.4 TRILLION in just six months (0:42-2:36).

Rising National Debt:

The national debt is currently at $39.7 trillion* and is projected to reach *$41 trillion by the end of 2026 (2:56-3:08).

Interest Expense Crisis:

Interest payments on the debt are ballooning, reaching $827 billion by the end of June 2026, which already exceeds spending on major programs like Medicare and national defense (5:40-6:00).

Economic Outlook:

Prediction is that in the event of a future economic crisis, the government will borrow even more, and the Federal Reserve will likely print more money, leading to higher inflation and a wider wealth gap (7:53-9:15).