7 upvotes, 1 direct replies (showing 1)
Technically all this money is giving gamestop the option to get money by selling more stock to expand/grow
They wont mind you, because they are in a dieing industry and are too much of pussies to try and pivot. But they could if they wanted to
Comment by funkychunkystuff at 27/01/2021 at 22:42 UTC
1 upvotes, 0 direct replies
If they issued shares right now it would be to the benefit of short sellers (the people who would make money if the company went bankrupt) and it would spurn the people who are actually bullish on the company. Also gamestop as a company is prepping a strong push into the e-commerce industry. Ryan Cohen the founder of chewy just became a board member and brought two of his long time partners with him. Also they struck a deal earlier this year that guarantees a cut of any Xbox games pass sub from a gamestop Xbox.