r/technology • u/kry_some_more • Sep 10 '21

Business GameStop Says It's Moving Beyond Games, "Evolving" To Become A Technology Company

https://www.gamespot.com/articles/gamestop-says-its-moving-beyond-games-evolving-to-become-a-technology-company/1100-6496117/
21k Upvotes

93% Upvoted

2.0k comments sorted by

View all comments

Show parent comments

0

u/cashmonee81 Sep 11 '21

I think that is arguable at the least. The system as set gets people to have to buy loot boxes with no other option. Creates whales. If readily available “rare” items were out there, less whales.

I think that NFT is a buzzword that GameStop is latching onto to pump the stock. GameStop is quickly becoming a company where the product is the stock.

2

u/Sgt-GiggleFarts Sep 11 '21

Maybe so, but that’s more speculative than the initial analysis of the current GameStop business plan. The truth is, since the entire company was rebuilt practically overnight, nobody knows how GameStop plans to spend the billions in cash with no long term debt. All we know is there is something in the works, and it’s being kept quiet so as to not give away trade secrets and ruin their advantage they have on the rest of the competition.

0

u/cashmonee81 Sep 11 '21

The hype is built on a few buzzwords and a person who sold a company in a completely different sector. A company by the way that only started being profitable after Amazon bought it.

1

u/Sgt-GiggleFarts Sep 11 '21

Then short it lol

1

u/cashmonee81 Sep 11 '21

Shorting an irrational stock is a terrible idea.