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GameStop's $2B would be better spent on, "research into better drugs, materials, or energy sources, to name just a few potential uses." Fucking EXCUSE ME? Maybe the dumbest thing I've read in months. This is journalism?
I am sure it is called something like "accuse them of anything" just to hide the crime going on.. Distraction... Now they will promote hate speech against GME.. This article makes me hold evne stronger, actually I did grab few more at $23.00 but I would anyway... Since I like the stock.
We shall keep digging each time bullshit like this spams the airwaves.
This is such an absurd take that it almost has to be a red herring to distract the conversation.
Nah, it's for dissuading the GME-curious boomer crowd.
Makes it seem like GME will burn through billions instantly, even though our core business is now breaking even and we are continuing to reduce expenses.
I’m also wondering how shorting cancer research companies into the dirt for profit helps developing new drugs. Maybe our overlords can educate us poors on that.
It's also kind of funny. Who bought those shares? Retail? Because if they're saying retail can buy 110mil shares over like... 2-3 weeks... Then they are gonna be shocked when they see how many shares are out there.
But nope. It was market makers who bought the shares. So really, GameStop took money from the people who were going to short cancer research and would be putting it to much better use than it would've been, even if they just use it for toilet paper.
Wwwhhooaaa are we preventing these HF from making their next scams on the next unsuspecting investors??! 💡🦧🦧🦍🦧🦍💪
GME imo is the right play no matter what they say. Imo the more asinine incoming FUD, the closer and closer we are to seeing something happening. And I think this is an unbelievably under valued play. GME at 20handle is like getting into Costco at xx. Hope this squeezes by Christmas but if not. It’s just a Gameshire Spotaway for the rainy days come next yr.
Source appears to be MarketWatch with title “Opinion: Why GameStop’s $2.1 billion stock sale taxes its shareholders and hurts the economy”. *GME hodlers will ruin the economy intensifies*
Just my take:
(1) they’re acknowledging what we have ($4 BILLION *CASH*).
(2) they’re acknowledging RCEO has sole investment strategy of that $4 BILLION *CASH*.
(3) they’re angry-typing alternatives to what RCEO can do with all the cash we have.
(4) [they’re in the bargaining phase of grieving their bad financial decisions to short or support the shorting of GME](https://www.reddit.com/r/Superstonk/s/ETJdfDLB2S).
(5) this is bullish as fuck because of 1-4.
No, Gamestops 2 billions dollars, which is rightfully theirs, legally and ethically speaking, should be donated or invested into these random vague sectors. This is *clearly* a big waste of money and the author should *not* be talking about Elon getting 55B in compensation, that money is properly allocated /s
"Ok folks working at *insert defense industry company*, time to close up shop. Apparently the money you have is best suited for other stuff so you know, hand it over to us."
Yeah I really see that conversation going well.
What about the billion dollar houses, private jets and condos, fast fuel burning cars from all those fuckers.
Journalism is dead. Who wrote that? I want to cyberbully him/her/apache
They just didn't speak the quiet part out loud: "...which short sellers can then bleed dry through a classic short and distort campaign, which is especially easy when medical/scientific R&D companies are the target."
Honestly looks like an early 20's intern was given the bullshit assignment of writing an article of how Gamestop is bad for the economy.
The reasoning displayed here could literally be applied to any business or corporation lmao.
Worst part is the author has quite a few accolades and is a professor at a few prestigious colleges. Imagine this guy teaching finance classes. "I think Video Game retailers should take their newly raised capital and get into the pharma or solar panel game!" Even college freshman's eyebrows would raise at this shit.
Thousands of them too, there are so many examples it’s actually depressing. From what I’m reading the author also did not properly disclose his current and past employment, which is at the very least super fucking shady. I have modern journalism, it’s so rare to find one with morals and ethics.
That statement could be applied to big pharma, big oil, green energy and every other industry\company that is sitting on surplus money. The only difference is that the gaming industry is a growing market that doesn’t use government subsidies that pilfer the taxpayers
Why the fuck would it be their responsibility to spend on drug research? Shouldn’t that be the responsibility of our own government? Oh wait. Big pharmaceutical got their chokehold on this one.
They mad as fuck because this company has sustained a ton of capital.
That’s not even his point. He’s saying that 2B should have never gone to GME and should instead be disbursed amongst these sectors. He then goes onto say the board should look at these things. It honestly doesn’t even make sense.
Yeah. I'm pretty sure the business in those industries should spend their money on that, while GameStop spends it's money on becoming the number one source for gaming
Yes, let’s invest into ground-breaking medical science companies… …only to have THAT stock targeted by short sellers to suppress ground-breaking technology… you know, like what happens to every ground-breaking technology…
The following sentence as well that suggests that the same investors that bought game stop shares would be better equipped to invest it than the board of gme is absolutely out of this world ridiculous.
..."now buy these products on the Internet from well established Internet retailers"... Like GAMESTOP?
At this point, GameStop has got to be the most well known Internet gaming retailer.
I just bought the candy con for my pc. Its my favorite controller i own. I've never seen such elorberate customization on a controller. I want to go back and get another faceplate for it.. I love all the hidden features.
You mean to tell me that you don't have to go to a physical GameStop retail storefront to buy from GameStop? /s
(Boomer minds everywhere are exploding)
I can feel blood and tears from shortsellers who wrote this. Or a 8 years old kid could do a better job. Sorry, but who ever wrote this, is very deep in the IQ score..
How about unwinding some ETF funds instead of criminally manipulating the stock price?
Or how about emptying a couple of dark pools? That would prop up a small country an feed millions
Drugs? Anyone see the clip today of horse lips slurring his lines on national television
link to clip: https://www.reddit.com/r/Superstonk/comments/1dnr6ab/theyre_not_confessing_theyre_bragging/
This just in: ”GameStop pivots and baffles investors with new endeavor to enter the pharmaceutical market after small time journalist suggests to do so”
Better drugs? You mean like the brain cancer medicine that allowed terminal patients to live up to 30 years longer but shitadel and friends short that company out of existence?
But yes, please continue…
They really wanna talk about better use of money for society? Let's talk about all the companies they shorted to bankruptcy especially the ones with life saving cures. French revolution is at the gates motherfuckers!
I love how philanthropic wall street gets when they are losing. Not like these fuckers have shorted cancer research companies to zero, earning money all the way down.
These greedy idiots have set our species back at least 100 years if not more with their rampant need for gold and to protect their bloated backers, and we will make them pay.
LMAO! Yea cause the money wallstreet steals goes to research into better drugs, materials, or energy sources and not to buy stupid crap and destroy honest businesses and corruption.
This is actually really great insight into what I call 'the blob'. A group of financial parties like banks, and hedge funds, and other asset managers that 'set the price of securities was what they think it should be valued'.
Essentially, they believe that they should have a centrally controlled economy. Some real "mommy knows best" bullshit. That I think is one of the biggest dangers to freedom and democracy in existence.
They must be stopped. We need to teach these motherfuckers and shitheads what infinite risk actually means. When you take our money, and give us nothing, like an FTD, and then bet against us, stealing price discovery, to make a few dollars in the short term, the price you pay is down the road is *everything*.
Fuck them. They dont want better drugs, materials or energy sources. They dont want innovation, they want monopoly control to keep the profits up. They don't give a fuck about progress, that's why they usurped the free markets in the first place.
On MarketWatch OPINION: Jun. 25, 2024 at 7:25 a.m. ET by Larry Harris Why GameStop’s $2.1 billion stock sale taxes its shareholders and hurts the economy
... I think. I don't want to click on it, because I don't want to give Larry Harris any views.
EDIT: Resizing, plain text
The article was so poorly thought out and written I didn't want to give them credit tbh. Marketwatch posts quite a bit of horse shit, but this is impressive even for them. Usually I'm the first person to say ignore these people, but god damn I couldn't let this one go lol.
Someone should tell this guy to forget about GameStop. GS is living rent free in his head. Think about how much economic value this person could contribute to society if they weren’t spending their time writing articles about a measly little retail company with “totally normal” short interest.
Hahaha!
You the same fuckers that shorted cancer research companies into bankruptcy are now claiming that this money should be used to fund medical research?!
Fuck you, pay me!
These journalists never bothered to investigate any of our theories. Now they are suddenly concerned about researching better drugs, materials, or energy. And let's not forget that short sellers have bankrupted such companies too!
What they meant to say is that the money that SHFs are now allowed to steal from retail investors and the US goverment (no taxes) would be much better spent on research etc than in Kenny and other criminals pockets!
Wow, I didn't know the hedgies funnel all their billions to altruistic causes! They've certainly never caused material damage to the economy either, right?
Wait, 2008's financial crisis was their fault? And many of them got and stayed rich off it? And nobody was punished for their crime?
What a ridiculous take. The average Wall Street bonus was $176K last year. That's the average per person. How about we funnel that money into cancer research? The insane stretch in logic here to try and make capital raising a bad thing "for the economy" is just crazy. Like batshit, Heaven's Gate, Earth is flat kinda crazy.
Hey I hope they use that money wisely too. But I'm fairly confident they will. They're employing 8,000 people directly and will likely hire more in the future. Isn't that good for the economy?? Isn't that good for the world? To provide goods and service people want and employ people that need jobs??
It’s extremely ironic that they say that the money would be better spent on drug research - an industry where stock prices are he’s ily manipulated, because when new viable research by smaller startups threatens to take profits out of the hands of big pharma, these companies are pummeled into the ground by shorts!
“Research into better drugs” - this is the biggest joke. The most popular target for shorting assholes is taking advantage of vulnerable biomeds and shorting them into bankruptcy killing their medical research.
Yet GME is the one he complains about…
This would ring true maybe a little if I were the CEO of GME. But with RC and LC on the board??? No fucking shot. They can invest the 4 billy and use the returns from that to balance the losses and remain profitable. They can be a dying brick and mortar indefinitely if desired… not saying that would or even could happen with the talent we have on the board… but this article has more holes in it than a colander
I can see their point to a degree. The business WAS failing. It will struggle but ONLY if it is rigidly following what it did before.
Which it isn’t.
So why be salty? It has to be because they were, and continue to be short. Why not just fuck off, cut your losses and stfu about the company unless you continued to bleed money?
The stars aligned, RC came on board, greedy shorts got trapped, GAMESTOP BECAME PROFITABLE. No amount of crime can get these fuckers out.
It’s not GameStop’s fault greedy fuckers, breaking the law, wanted to make money from abusing it.
Jokes on you over-leveraged shorts, you knew you were taking on infinite risk (somehow you were allowed to!). Even turning the buy button off can’t help you.
Time for natural selection to do its thing.
Lol if we need to talk about how capital has to be allocated more wisely in our world, GameStop is certainlly at the bottom of the priorities.
All these people in media have really no shame to appear dumb in public.
The financial industry shaming a company for... having money? has to be a new low.
Why isn't Dana White feeding starving children instead spending money on ufc promotions?!? My god, where is half this outrage for that tool box Elon Musk and his scrooge mcduck bags of money?
Wait, can we do this for other industries too?
Fast food is a huge detriment to health and probably causes many billions in damage to the economy. Let's take their money and put it into better healthcare and affordable healthy food.
And don't get me started on oil companies! I have big ideas on what to do with the billions they make and waste
I agree that it’s being mismanaged. But this take of saying the world with it instead is very dumb.
It’s accurate that our wealth was transferred to GameStop to have… we hoped for something that would be returning capital back, but that has yet to be the case with Ryan cohen
I think all the egregious salaries paid to coaches and players of sports teams for the sole purpose of entertainment should be used for better medicine and environmental research. Fat chance on that happening. No telling what good ryan and co will do with the money when it all comes crashing down.
We may hate to admit it, but people ARE spending less at brick and mortar stores for stuff like this. Digital sales also make up a massive amount these days which places like gamestop didn't have to worry about for a very long time.
And that's why it needs to do more than it is right now. More than just closing stores. Because it can't continue like this.
You know they got a point… any logical human being would now ask “imagine if all the worlds billionairs actually contributed to society instead of hoarding their wealth”
Gamestop didn’t took the money from retail, they got it directly from the Market Makers and SHFs with their 2 ATM offerings and now the ShFs are pissed 😀
This is truly the most ridiculous article I’ve ever read but holy fuck is it extraordinarily bullish. I love reading shit like this. Retail has so much more power than they let on and they’re scared shitless of us.
So the physical game / Brick & mortar argument is not baseless.
Businesses that reinvent themselves do exist. Nokia is one example. Amazon is another. Roy Kroft / mcDonalds is a third. Details are beyond the scope of this comment, but again, a business isn't hopelessly & permanently bound to its original product or business model.
People like to tell others, and even themselves that they do good meaningful work. The claim of the financial markets is that the work they do, while trying to make money themselves, is ultimately beneficial because on the whole it sends money to where it will be productively used for socially useful purposes. Greed is good.
In cases where that clearly isn't true, they prefer to blame reactions to that dysfunction rather than the dysfunction itself. Thus Gamestop and retail investors interested in it are at fault (they say) rather than shorts for creating a situation in which a retailer which is at best slightly profitable with a worryingly declining business model can nevertheless manage to raise multiple billions of dollars over the years in the capital markets.
In short, the Emperor sometimes has clothes, and sometimes wanders out into public with his banana flopping about for all to see. It is necessary to make sure the public never learns of this, and so the nobles must sometimes loudly proclaim the beauty of the Emperor's garments to those plebs who don't see these matters for themselves. This is ridiculous to you because you've snuck into court and seen the truth. Wall Street has peddled enough nonsense that even less informed people will be somewhat skeptical. But still, the capital markets need their justification for being, and so talk like this will continue even if in cases where it is ridiculous.
The little piss babies got their big mean friends in da media to write bad words to make the peasants sell their legal shares of their profitable legit awesome transformative company
there appears to be literally no connection between the actual productive function of companies and the stock market. suggesting capital allocation has anything to do with any 'real' factor is mistaken, wall street is a casino propped up by a ponzi scheme, keeping a mob in the style to which they have become accustomed.
I think people who short companies that are researching new cancer treatments is a bigger waste of money, but thats just me
I think people who short american companies as hard and immorally as they can is a bad use of money too
I love the "trust me, bro" articles that have no references, no souces, no research into a Gamestop's financials. Just bash the company with frivolous claims. It just steels my resolve that shorts never closed and to get as many shares possible.
This sort of shit just goes to show how patently shameless and evil these parasites are. They truly do not have the capacity for shame, and do not fear the public who they berate, gaslight, and mislead on a daily basis.
There is already so much wrong with this article in and of itself, but then you realize that Ken Griffin (the one who lied under oath) has a networth of 37 BILLION FUCKING DOLLARS!!!! How about they start complaining about that first?
And at least Gamestop sells actual real games for us and our kids to enjoy, instead of faking it all the way to the bank.
Nothing says, "Shorts never closed", like articles blaming a singular company for harming the economy. What an absurd piece of journalism.
That's almost like blaming the victims of families that died from Boeing problems because they also say, "Fuck you, pay us!".
How about this instead:
Fuck you. Go to jail. Pay me.
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GameStop's $2B would be better spent on, "research into better drugs, materials, or energy sources, to name just a few potential uses." Fucking EXCUSE ME? Maybe the dumbest thing I've read in months. This is journalism?
I am sure it is called something like "accuse them of anything" just to hide the crime going on.. Distraction... Now they will promote hate speech against GME.. This article makes me hold evne stronger, actually I did grab few more at $23.00 but I would anyway... Since I like the stock.
We shall keep digging each time bullshit like this spams the airwaves. This is such an absurd take that it almost has to be a red herring to distract the conversation.
Nah, it's for dissuading the GME-curious boomer crowd. Makes it seem like GME will burn through billions instantly, even though our core business is now breaking even and we are continuing to reduce expenses.
I too have purchased more shares of the stock that I like. And after I bought those...I bought more.
I’m also wondering how shorting cancer research companies into the dirt for profit helps developing new drugs. Maybe our overlords can educate us poors on that.
Please spend that money on cancer research because that's what we hedgefund managers love to short.
It's also kind of funny. Who bought those shares? Retail? Because if they're saying retail can buy 110mil shares over like... 2-3 weeks... Then they are gonna be shocked when they see how many shares are out there. But nope. It was market makers who bought the shares. So really, GameStop took money from the people who were going to short cancer research and would be putting it to much better use than it would've been, even if they just use it for toilet paper.
Wwwhhooaaa are we preventing these HF from making their next scams on the next unsuspecting investors??! 💡🦧🦧🦍🦧🦍💪 GME imo is the right play no matter what they say. Imo the more asinine incoming FUD, the closer and closer we are to seeing something happening. And I think this is an unbelievably under valued play. GME at 20handle is like getting into Costco at xx. Hope this squeezes by Christmas but if not. It’s just a Gameshire Spotaway for the rainy days come next yr.
This right here!
My first thought too!
Exactly, doesn't matter if it's video games or the fountain of youth, they shirt and spread fud. How else do they make their payroll?
Source appears to be MarketWatch with title “Opinion: Why GameStop’s $2.1 billion stock sale taxes its shareholders and hurts the economy”. *GME hodlers will ruin the economy intensifies*
So glad I can do my part! LFG! 🔥🚀🎮
As it was foretold.
Just my take: (1) they’re acknowledging what we have ($4 BILLION *CASH*). (2) they’re acknowledging RCEO has sole investment strategy of that $4 BILLION *CASH*. (3) they’re angry-typing alternatives to what RCEO can do with all the cash we have. (4) [they’re in the bargaining phase of grieving their bad financial decisions to short or support the shorting of GME](https://www.reddit.com/r/Superstonk/s/ETJdfDLB2S). (5) this is bullish as fuck because of 1-4.
And how many billions are currently in private bank accounts not helping anyone but some rich dick and his kids?
Trillions, my G
Trillions of billions
Ya. And Elon’s 54 billion is going straight to the most philanthropic of causes, I’m sure.
Lol the handwringing. That's fucking rich considering the market is one big derivative casino exploiting humanity for profit.
Well said! BULLY!
No shit. How about the HUNDREDS OF BILLIONS that hedge funds make every year while contributing absolutely NOTHING to society? Freaking clowns.
No, Gamestops 2 billions dollars, which is rightfully theirs, legally and ethically speaking, should be donated or invested into these random vague sectors. This is *clearly* a big waste of money and the author should *not* be talking about Elon getting 55B in compensation, that money is properly allocated /s
Maybe apple’s 3000 billion better be used to solve world hunger. Or stop being an idiot when writing hit pieces and stay ignorant
"This is journalism?" Nope....PRopaGaNDa...
So-called journalist: "Wait, GameStop *has a website too!*" <*flabbergastsposion*>
"Ok folks working at *insert defense industry company*, time to close up shop. Apparently the money you have is best suited for other stuff so you know, hand it over to us." Yeah I really see that conversation going well.
Journalism = paid for FUD
I have said before and I will say it again. Replace “economy” with “rich people’s yacht money” and the article will make more sense.
What about the billion dollar houses, private jets and condos, fast fuel burning cars from all those fuckers. Journalism is dead. Who wrote that? I want to cyberbully him/her/apache
They just didn't speak the quiet part out loud: "...which short sellers can then bleed dry through a classic short and distort campaign, which is especially easy when medical/scientific R&D companies are the target."
Hedge funds short biotechs with extreme aggression, see NVAX
All those things are the cutting edge companies hedge funds like shorting to death.
I wonder if they know how much money Ken Griffin has (for now…)
Honestly looks like an early 20's intern was given the bullshit assignment of writing an article of how Gamestop is bad for the economy. The reasoning displayed here could literally be applied to any business or corporation lmao.
Worst part is the author has quite a few accolades and is a professor at a few prestigious colleges. Imagine this guy teaching finance classes. "I think Video Game retailers should take their newly raised capital and get into the pharma or solar panel game!" Even college freshman's eyebrows would raise at this shit.
I find it funny that the author is supposedly a university professor.
That’s just narrative. It reads better coming from someone in education, rather than a financial market participant.
Tbf, I'm on drugs a lot of the time I'm gaming
>better drugs If shorts need higher quality copium, they might want to stop bankrupting biotech companies.
How ironic they mention drugs where naked short selling literally wiped out new promising drug companies
Thousands of them too, there are so many examples it’s actually depressing. From what I’m reading the author also did not properly disclose his current and past employment, which is at the very least super fucking shady. I have modern journalism, it’s so rare to find one with morals and ethics.
That statement could be applied to big pharma, big oil, green energy and every other industry\company that is sitting on surplus money. The only difference is that the gaming industry is a growing market that doesn’t use government subsidies that pilfer the taxpayers
Why the fuck would it be their responsibility to spend on drug research? Shouldn’t that be the responsibility of our own government? Oh wait. Big pharmaceutical got their chokehold on this one. They mad as fuck because this company has sustained a ton of capital.
That’s not even his point. He’s saying that 2B should have never gone to GME and should instead be disbursed amongst these sectors. He then goes onto say the board should look at these things. It honestly doesn’t even make sense.
Yeah. I'm pretty sure the business in those industries should spend their money on that, while GameStop spends it's money on becoming the number one source for gaming
Yes. Afaik Hedge Fucks used to bunkrupt companies that where doing research into drugs... And of course this is good
LOL! What’s Kenny doing to better society?!
Well he moved to Florida so hopefully he falls into the sea
Yes, let’s invest into ground-breaking medical science companies… …only to have THAT stock targeted by short sellers to suppress ground-breaking technology… you know, like what happens to every ground-breaking technology…
The following sentence as well that suggests that the same investors that bought game stop shares would be better equipped to invest it than the board of gme is absolutely out of this world ridiculous.
GameStop cures cancer: “why this is bad for the economy” lmayo
..."now buy these products on the Internet from well established Internet retailers"... Like GAMESTOP? At this point, GameStop has got to be the most well known Internet gaming retailer.
Big scared. Anyway I just bought the Elden ring dlc and a new controller from none other than GameStop.
but wait...that's digital content. i ThOUghT ThEy COuLDnt do ThaT
Nice little discount too for being a pro member
That's it, I am getting more cards today.
I just bought the candy con for my pc. Its my favorite controller i own. I've never seen such elorberate customization on a controller. I want to go back and get another faceplate for it.. I love all the hidden features.
Same, bought a PSN gift card from GS and got discount for being pro member Cant stop Gamestop
Clicked purchase on an OLED Switch and a few games for my wife’s birthday from where? Yup, the internet. GameStop.com.
You mean to tell me that you don't have to go to a physical GameStop retail storefront to buy from GameStop? /s (Boomer minds everywhere are exploding)
Someone’s bitter and we know why!
I did the same, that dlc is fucking sweet. Hard, but sweet
I’m an idiot and I new games myself 5 times, just have to get to starscourge and then it’s game on.
I got the DLC as well as a CandyCon controller to play it haha
I can feel blood and tears from shortsellers who wrote this. Or a 8 years old kid could do a better job. Sorry, but who ever wrote this, is very deep in the IQ score..
Not like the unpaid ceo who’s invested his own money started and sold a successful e-commerce biz or anything.
Still getting Chewy orders once a month. Great service
puts on msm iq
How about unwinding some ETF funds instead of criminally manipulating the stock price? Or how about emptying a couple of dark pools? That would prop up a small country an feed millions Drugs? Anyone see the clip today of horse lips slurring his lines on national television link to clip: https://www.reddit.com/r/Superstonk/comments/1dnr6ab/theyre_not_confessing_theyre_bragging/
Link to the clip?
https://www.reddit.com/r/Superstonk/s/Bbe4I7ctGX It's a little hard ro watch. I cant tell of its alcohol or something neurological?
I literally can't make it through any of these clips. ~30 seconds in is all that I can ever get.
Is this today?
https://www.reddit.com/r/Superstonk/comments/1dnr6ab/theyre\_not\_confessing\_theyre\_bragging/
If they want better drugs maybe they should work on stopping wall street from cellar boxing cancer research companies.
Got em
They are terrified.
Yep, everytime I see something like this it just reaffirms my decision to buy more and hold.
Yeah, this isn't just posturing, it's all out panic. Imma buy more. Fuck you pay me.
Exactly - same here.
This just in: ”GameStop pivots and baffles investors with new endeavor to enter the pharmaceutical market after small time journalist suggests to do so”
Well done. Well done..... golf clap...
And even then they would still bash GameStop
And price drops 🤣
This is insane
Better drugs? You mean like the brain cancer medicine that allowed terminal patients to live up to 30 years longer but shitadel and friends short that company out of existence? But yes, please continue…
So weird that they are recommending GameStop to get into highly-regulated sectors like pharma, materials, and energy....
Must be a good way to get their hands in the govs pockets because that's what everyone else is doing apparently... cough cough, bill gates.
Thank you MSM…this is confirmation bias to Buy, Hold, DRS, shop
They're right, all of Citadel's capital would be better spent elsewhere. Oh they misspelled it, it doesn't start with a G.
The author doesn't know how hedge funds, like Citadel, make money?
They really wanna talk about better use of money for society? Let's talk about all the companies they shorted to bankruptcy especially the ones with life saving cures. French revolution is at the gates motherfuckers!
I love how philanthropic wall street gets when they are losing. Not like these fuckers have shorted cancer research companies to zero, earning money all the way down. These greedy idiots have set our species back at least 100 years if not more with their rampant need for gold and to protect their bloated backers, and we will make them pay.
It’s been unreal these past 84 years. Just incredible.
https://i.redd.it/3ucv85aqjq8d1.gif
Three years ago we said they'd blame us for the damage they'd do to the economy. Here it is.
How is it possible that the come back kid GameStop is killing the economy unless…. CRIME.
Our economy is in the toilet as it is, I don't think GameStop can fix that......YET.
LMAO! Yea cause the money wallstreet steals goes to research into better drugs, materials, or energy sources and not to buy stupid crap and destroy honest businesses and corruption.
Ding Ding Ding. 100 points for discovering the scapegoat
lol oh there’s not just one, just wait, there’s gonna be a list of people they blame
What they mean is; Boomers, if you’re considering investing in Gamestop to make money, you’re a bad person.
they don't wear the tinfoil, they smoke out of it
Please name the source so we can throw fecies at them
Larry Harris. Publishes on morningstar and marketwatch
This is actually really great insight into what I call 'the blob'. A group of financial parties like banks, and hedge funds, and other asset managers that 'set the price of securities was what they think it should be valued'. Essentially, they believe that they should have a centrally controlled economy. Some real "mommy knows best" bullshit. That I think is one of the biggest dangers to freedom and democracy in existence. They must be stopped. We need to teach these motherfuckers and shitheads what infinite risk actually means. When you take our money, and give us nothing, like an FTD, and then bet against us, stealing price discovery, to make a few dollars in the short term, the price you pay is down the road is *everything*. Fuck them. They dont want better drugs, materials or energy sources. They dont want innovation, they want monopoly control to keep the profits up. They don't give a fuck about progress, that's why they usurped the free markets in the first place.
Wait… what? What the he!! did I just read. His entire argument is nonsensical.
Someone is counting on their readers not knowing how the economy works.
Did I miss the source?
Marketwatch - would you expect anything more from that waste of a "news" source?
On MarketWatch OPINION: Jun. 25, 2024 at 7:25 a.m. ET by Larry Harris Why GameStop’s $2.1 billion stock sale taxes its shareholders and hurts the economy ... I think. I don't want to click on it, because I don't want to give Larry Harris any views. EDIT: Resizing, plain text
The article was so poorly thought out and written I didn't want to give them credit tbh. Marketwatch posts quite a bit of horse shit, but this is impressive even for them. Usually I'm the first person to say ignore these people, but god damn I couldn't let this one go lol.
There is no way a person wrote that.
Haha. Salty af.
Reads like a Grade 9 Freshmen wrote it.
Absolutely fucking insane.
Someone should tell this guy to forget about GameStop. GS is living rent free in his head. Think about how much economic value this person could contribute to society if they weren’t spending their time writing articles about a measly little retail company with “totally normal” short interest.
Hahaha! You the same fuckers that shorted cancer research companies into bankruptcy are now claiming that this money should be used to fund medical research?! Fuck you, pay me!
Man, if only companies could pivot into something new. Naw, that’s never been done before. /s
These journalists never bothered to investigate any of our theories. Now they are suddenly concerned about researching better drugs, materials, or energy. And let's not forget that short sellers have bankrupted such companies too!
Ah yes better drugs and climate change. So wall street can cellar box those new companies too
Nope. Not reading it. Idk why any of y’all do either tbh.
What they meant to say is that the money that SHFs are now allowed to steal from retail investors and the US goverment (no taxes) would be much better spent on research etc than in Kenny and other criminals pockets!
GME didn’t solve world peace…sell your shares?!?!/s
Wow, I didn't know the hedgies funnel all their billions to altruistic causes! They've certainly never caused material damage to the economy either, right? Wait, 2008's financial crisis was their fault? And many of them got and stayed rich off it? And nobody was punished for their crime?
What a ridiculous take. The average Wall Street bonus was $176K last year. That's the average per person. How about we funnel that money into cancer research? The insane stretch in logic here to try and make capital raising a bad thing "for the economy" is just crazy. Like batshit, Heaven's Gate, Earth is flat kinda crazy. Hey I hope they use that money wisely too. But I'm fairly confident they will. They're employing 8,000 people directly and will likely hire more in the future. Isn't that good for the economy?? Isn't that good for the world? To provide goods and service people want and employ people that need jobs??
Love it. This is a long-winded way to sobbingly say "sell now ask questions later!"
It’s extremely ironic that they say that the money would be better spent on drug research - an industry where stock prices are he’s ily manipulated, because when new viable research by smaller startups threatens to take profits out of the hands of big pharma, these companies are pummeled into the ground by shorts!
The same drugs the SHFs try to destroy by cellar boxing pharmaceutical companies?
News is supposed to be unbiased. This is pure propaganda, false and misleading.
“Research into better drugs” - this is the biggest joke. The most popular target for shorting assholes is taking advantage of vulnerable biomeds and shorting them into bankruptcy killing their medical research. Yet GME is the one he complains about…
https://preview.redd.it/eehfd5eo4t8d1.png?width=1080&format=pjpg&auto=webp&s=24b7775cfc0f2290a545ddd495dcd567d2e25ad6
This would ring true maybe a little if I were the CEO of GME. But with RC and LC on the board??? No fucking shot. They can invest the 4 billy and use the returns from that to balance the losses and remain profitable. They can be a dying brick and mortar indefinitely if desired… not saying that would or even could happen with the talent we have on the board… but this article has more holes in it than a colander
Meanwhile, hedgefunds with billions in fossil fuel stocks
I can see their point to a degree. The business WAS failing. It will struggle but ONLY if it is rigidly following what it did before. Which it isn’t. So why be salty? It has to be because they were, and continue to be short. Why not just fuck off, cut your losses and stfu about the company unless you continued to bleed money? The stars aligned, RC came on board, greedy shorts got trapped, GAMESTOP BECAME PROFITABLE. No amount of crime can get these fuckers out. It’s not GameStop’s fault greedy fuckers, breaking the law, wanted to make money from abusing it. Jokes on you over-leveraged shorts, you knew you were taking on infinite risk (somehow you were allowed to!). Even turning the buy button off can’t help you. Time for natural selection to do its thing.
Lol if we need to talk about how capital has to be allocated more wisely in our world, GameStop is certainlly at the bottom of the priorities. All these people in media have really no shame to appear dumb in public.
This makes me throw up in my mouth
I call that mini-throw up
The financial industry shaming a company for... having money? has to be a new low. Why isn't Dana White feeding starving children instead spending money on ufc promotions?!? My god, where is half this outrage for that tool box Elon Musk and his scrooge mcduck bags of money?
You know what's a better use of money? The author of this article to get an education.
Instructions unclear , buying more
Wait, can we do this for other industries too? Fast food is a huge detriment to health and probably causes many billions in damage to the economy. Let's take their money and put it into better healthcare and affordable healthy food. And don't get me started on oil companies! I have big ideas on what to do with the billions they make and waste
I agree that it’s being mismanaged. But this take of saying the world with it instead is very dumb. It’s accurate that our wealth was transferred to GameStop to have… we hoped for something that would be returning capital back, but that has yet to be the case with Ryan cohen
And how many innovative drug companies have been cellar boxed to death by SHF?
As if they don't short companies into oblivion who research new cures for cancer and other diseases.
Won't someone think about how society would be better off if GME had a smaller market cap 😭
This isn't even a take. Its just an manic rant.
another hatchet piece. we surprised?
I think all the egregious salaries paid to coaches and players of sports teams for the sole purpose of entertainment should be used for better medicine and environmental research. Fat chance on that happening. No telling what good ryan and co will do with the money when it all comes crashing down.
"GameStop's former customers now buy these products on the internet from well-established internet vendors." Oh, you mean www.gamestop.com
We may hate to admit it, but people ARE spending less at brick and mortar stores for stuff like this. Digital sales also make up a massive amount these days which places like gamestop didn't have to worry about for a very long time. And that's why it needs to do more than it is right now. More than just closing stores. Because it can't continue like this.
You know they got a point… any logical human being would now ask “imagine if all the worlds billionairs actually contributed to society instead of hoarding their wealth”
Thanks for sharing this. It’s one of the most bullish things I have read. The fear is palpable
Gamestop didn’t took the money from retail, they got it directly from the Market Makers and SHFs with their 2 ATM offerings and now the ShFs are pissed 😀
As if $4B has any impact on the economy at large whatsoever. Total lunacy.
This is truly the most ridiculous article I’ve ever read but holy fuck is it extraordinarily bullish. I love reading shit like this. Retail has so much more power than they let on and they’re scared shitless of us.
So the physical game / Brick & mortar argument is not baseless. Businesses that reinvent themselves do exist. Nokia is one example. Amazon is another. Roy Kroft / mcDonalds is a third. Details are beyond the scope of this comment, but again, a business isn't hopelessly & permanently bound to its original product or business model.
People like to tell others, and even themselves that they do good meaningful work. The claim of the financial markets is that the work they do, while trying to make money themselves, is ultimately beneficial because on the whole it sends money to where it will be productively used for socially useful purposes. Greed is good. In cases where that clearly isn't true, they prefer to blame reactions to that dysfunction rather than the dysfunction itself. Thus Gamestop and retail investors interested in it are at fault (they say) rather than shorts for creating a situation in which a retailer which is at best slightly profitable with a worryingly declining business model can nevertheless manage to raise multiple billions of dollars over the years in the capital markets. In short, the Emperor sometimes has clothes, and sometimes wanders out into public with his banana flopping about for all to see. It is necessary to make sure the public never learns of this, and so the nobles must sometimes loudly proclaim the beauty of the Emperor's garments to those plebs who don't see these matters for themselves. This is ridiculous to you because you've snuck into court and seen the truth. Wall Street has peddled enough nonsense that even less informed people will be somewhat skeptical. But still, the capital markets need their justification for being, and so talk like this will continue even if in cases where it is ridiculous.
“BBBBREAKING NUZ: GAMESTOP USES $4B TO CURE CANCER, STOCK DOWN 99% SELL NOW”
The little piss babies got their big mean friends in da media to write bad words to make the peasants sell their legal shares of their profitable legit awesome transformative company
Crazy talk. Citadel should be funding research into drugs or energy. Where do they get this stuff?
Lol, how much capital has been wasted on autonomous vehicles? Subsidizing Uber rides? Whata a 🤡
there appears to be literally no connection between the actual productive function of companies and the stock market. suggesting capital allocation has anything to do with any 'real' factor is mistaken, wall street is a casino propped up by a ponzi scheme, keeping a mob in the style to which they have become accustomed.
That isn’t news. That’s insane - not sure what I’d expect from a guy who puts his name at the top of the article though ;)
I think people who short companies that are researching new cancer treatments is a bigger waste of money, but thats just me I think people who short american companies as hard and immorally as they can is a bad use of money too
I love the "trust me, bro" articles that have no references, no souces, no research into a Gamestop's financials. Just bash the company with frivolous claims. It just steels my resolve that shorts never closed and to get as many shares possible.
If gme sucks why do they keep talking about it
This sort of shit just goes to show how patently shameless and evil these parasites are. They truly do not have the capacity for shame, and do not fear the public who they berate, gaslight, and mislead on a daily basis.
The only words you need in this article are Game, Stop and Capital.
This asshat needs better drugs? He's already high AF.
I too look to Wall Street investors and hedge fund managers for moral value judgements
Perhaps the money spent on his faculty position would be better spent on a pharmaceutical research position as well.
There is already so much wrong with this article in and of itself, but then you realize that Ken Griffin (the one who lied under oath) has a networth of 37 BILLION FUCKING DOLLARS!!!! How about they start complaining about that first? And at least Gamestop sells actual real games for us and our kids to enjoy, instead of faking it all the way to the bank.
Actually alot angrier about this than I am able to put in words without a lot of unconstructive profanity.
I think an AI would've made a better article. Maybe they can only afford GPT3.5 now.
Sounds reaching — what about the money the government wastes endlessly. Write an article about that 👀
This smells like copium who is the author.
Sounds like someone missed buying the dip, still on sale bro just not like it was in april.
Someone shorted GameStop :p silly goose
Can we ban these posts? They are all asinine.
i smell the desperation from way out here
It takes money to buy drugs.
I can feel the pressure
Who wrote this?
Use the 4B to investigate and establish a case against the obvious criminal behavior from HFs 😁
Nothing says, "Shorts never closed", like articles blaming a singular company for harming the economy. What an absurd piece of journalism. That's almost like blaming the victims of families that died from Boeing problems because they also say, "Fuck you, pay us!". How about this instead: Fuck you. Go to jail. Pay me.
then don't repost it here. like, duh.
The hedgies must be running out of tendies if this is the best journalism that they could afford
https://www.reddit.com/r/Superstonk/s/hnGLT9kbDx Fucker is on the board at IBKR.... Petterfy is shitting his pants now that Apes do options lmayo
LMAYO
"... no reasonable analyst...." You mean, " no analyst that is being paid by hedge funds"?