LOL. Market manipulators are gay and stupid
(media.greatawakening.win)
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https://investorplace.com/2024/05/amc-gme-tsla-3-stocks-to-sell-asap-as-consumer-spending-starts-to-crumble/
message unclear, bought more GME
Note GME may use some of new market cap (or cash) to help take Nordstrom private (JWN). GME appears to be putting together an online retail ecosystem to compete with Amazon directly.
Bezos/Amazon may be the entity behind the hedge funds attempting to short JWN as well as GME into oblivion. Naked short-selling was used to allow Amazon to complete all of its acquisitions at very low prices.
When I bought GME originally I did so not just for the MOASS but because I had heard the talk of GME directly competing with Amazon and challenging them for superiority. Same as when I bought into TMTG and competing with online streaming and content creation.
My hope is that instead of squeezing every last dollar that these two companies can create a symbiotic relationship with smaller mom and pop startups and smaller niche groups that benefits everyone. I really dont want to see the end of brick and mortar retail. I rather enjoy my trips to my favorite stores. Its something my wife enjoys that we can do on a Saturday afternoon. And there is something to be said about holding a product you are considering in your hand before buying it. Too much of Amazons product ends up being junk.
Take a look at Public Square which does this sort of online/offline combo. PSQH is the symbol. It was brought public a couple years ago in order to get this sort of "Patriot alternative retail option". DISCLOSURE: I am shareholder and warrant holder of PSQH. It might actually be a good potential acquisition for GME at some point to beef up competition against Amazon.
GME retail ecosystem might be called "GMerica" or something like that. Right now it looks like the electronics and other product category expansion is held within the GameStop website, and is not yet a separate business entity as far as I know. Read the annual report for some juicy nuggets.