Despite news earlier last month that Gamestop had hired design firm R/GA to revamp their business and give "stores a unique layout and purpose that appeal to gamers", the company has struggled to convince shareholders that the retailer has any value left.
Today Gamestop stock hit $3.58; an all-time low for the company and a whopping 93% lower than what the company was trading at in the summer of 2015. Even going back as short as 1 year sees the stock lose 80% of it's value. In "real" numbers that's $3.4 BILLION in market capital gone to the wind.
The death of Gamestop was always seen as inevitable but general consensus was the company would at least survive into the next generation. Looking at the latest figures, it seems that company wont even last long enough to see the much needed shot in the arm that new hardware releases bring.
why wont anyone make a coin powered by the sales of used games? now is a good chance.
Luis Johnson
Theres still a billion dollar market for people buying used games for ps5 and xbox and nintendo shit. How did they fuck that up. One thing steam always sucked ass at was trading and selling used games.
Elijah Thomas
Reminder that gamestop is a pawn shop not a "retailer"
Austin James
Who the fuck cares? video games are for literal faggots and man children. If you care about video games what-so-ever or spend more than five minutes at a time playing any type of video game you need to neck yourself.
Video games are literally the faggiest thing you can possibly do as an adult male. You guys complain about not having sex so often, the first thing you should literally do is throw your faggy nintendos away.
Michael Myers
>literally the faggiest thing you can possibly do as an adult male That's called having a job though.
Dominic Walker
This
Nathan Long
This is a thread about a failing business on a board about business, and you're making it about the people who buy the product it sells. You're the brainlet here.
Joshua Stewart
who the fuck buys physical games these days. You can download that shit in like an hour
Dominic Adams
Jesus Christ the irony. You sound like a crazy incel
Ethan Young
>dragged to mall with gf >sephora.jpg >gamestop is across the way >check it out >anime posters and vr gear all over they are fucked boyos short while you can also with cloud gaming on the very near horizon gamestop will go the way of blockbuster
I buy used games for cheap on eBay for fair prices. Only thing I bought at GS the past 10 years was a plush pikachu
Mason Richardson
our mall had a babbage's two doors down from electronic boutique, those were the days.
Hunter Rodriguez
I wish there were more threads like this. Post-Mortem analyses on dead or dying companies, looking at their records, pinpointing where things went wrong, etc.
Would make for very interesting threads I think.
Wyatt Parker
1. Adults don't play Vidya anymore 2. People who play Vidya would order it online since why go outside, ever 3. Their entire business model was buying used games for cheap and finding suckers to buy it through their expansive network
Christopher Clark
this without the used game scam they'd have gone under 10+ years ago
William Carter
also there's zero customer loyalty, because no one likes getting $5.50 cashback on a game you spent $60 on, and seeing it reselling on the shelf for $55.95
Camden Wright
I’ll be celebrating when these cunts go under, and Barnes and noble too! Snooty fucking dipshits and know it all gamer nerds who think they know everything
Jack Miller
have sex
Joshua Nguyen
IKR - so many scam stores charging way to much for broken shit. Game stop could have made bank on re-selling old games. Too bad its run by retards that want to relive the glory days of rockband sets flying off the shelves.
Benjamin Scott
Incel detected
Samuel Morales
Fuck em. They sold me a used broken copy of Call of Duty World at War when I was a kid and refused to refund me. I wouldnt be able to play the game after a certain level or if I died early on
Kevin Martin
Cope, virgin gamer
Blake Young
what caused gamestop collapse?
Brayden Gray
you faggots act like getting laid is fucking hard. Need i remind you that this fucking creature got laid. Having sex is nigger tier, building character, career, portfolio and a family are better pursuits .
>faggiest thing you can possibly do as an adult male
No, that's being someone else's bitch.
Leo Ramirez
Reminds me of playing rockband with my mom and dad :( Black hole sunnnnn won’t you come and wash awayyyy
Samuel Jones
Cell phone store acquisitions. Im not trolling, they tried to diversify and lost $1Bn+. Not to mention the hundreds of millions management got in golden parachutes as they were getting a new CEO every few months.
John Cox
Buy the dip!
Justin Myers
shiiiiit I remember Electronic Boutique, or EB Games...
Leo Cox
I already have my puts. can’t wait to see how good it looks tomorrow.
You realize if I was 9 years old at the time I'd be in my mid-30s by now and for all you know a porn star who's plowed hundreds of women, right?
It's one thing to complain that video games exist, another to say anyone who plays them after high school is some kind of manchild, but acting like some grown ups remembering the good ol' days makes them incels is a whole new level of faggotry.
Luke Rodriguez
Eh, a loooong time ago I tried to get a game at GS. Long story short I got the impression they preferred you not be a video game nerd, but instead a good salesman. The guy doing my interview pointed out his best employee used to sell shoes at some store, the people who actually knew anything about games were horrible employees who didn't upsell shit and wanted to sit around all day talking to the customers instead of pushing Game Informer subs.
Luke Hughes
I guess I can finallly go back and laugh while offering them $4 for 2K19 when 2K20 drops
Jose Clark
Are we all going to ignore their insane dividend payout??
Im buying in 100 stocks atm. Thnx op.
Noah Clark
the global economy is crashing
David Wood
Just because Eurozone and Chink economy is a failure doesnt mean the world is ending user, nor does that have everything to do with gamestop
Aiden Butler
He didn't say the world was ending, he said the global economy is crashing which is true.
