posted ago by VonTyger ago by VonTyger +12 / -3

I think I read that one of the new Xbox versions doesn't even have the capacity for physical games. In the long run, even if people stick this out, I imagine that GameStop would be a stock that gives some people money on paper but which has no real world value associated with it at all. Or the execs might repeatedly dilute the stock to raise money for new ventures, yet unless they turn into an online platform, it's hard to see how any such thing could succeed.

Developers certainly have no reason to share revenue with them, nor do the console makers, then there's already Steam and the Epic Games Store for PC. So in the long run, online ventures would probably fail too.

Sooner or later, people will either decide that propping up something with no real world value is stupid, or the stock will get diluted until the managers have all cashed out and the business is gone, am I missing anything here?

Comments (27)
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11
Gotrek 11 points ago +11 / -0

They've created their own NFT token based off ethereum.

I imagine the reason for doing this is to partner with companies like Live, Steam, Epic, Origin, ETC and start allowing trading of digital liscences both to Gamestop and to other folks using Gamestop's services as a middle man.

https://www.coindesk.com/gamestop-nft-platform-ethereum

They are debt free, have the right staff in place to reinvent the wheel. I expect good things from them. There is also a huge market still for physical disk around 25% of sales are still physical media. Which is why consoles still have drives.

There are still plenty of guys like me with Shit internet still who don't/can't download 100GB games.

Also watch for gamestop E-Sports division announced at e3...

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HuggableBear 2 points ago +2 / -0

Don't underestimate accessory sales too. It's not enough when your entire business is based around used games, but if they reorganize and refocus properly, they could rebrand as a premier accessory shop with their own brand and everything.

They won't, but they could.

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VonTyger [S] 0 points ago +1 / -1

Are you referencing the idea of selling "used downloads"? This sounds like a lot of buzz to me, NFTs and cryptocurrency has no fundamental connection to renting and staffing physical stores.

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GaIIowBoob 1 point ago +1 / -0

Oh man you're going to change your mind once you look up the things you just learned. NFT is literally how you apply exchangeable ownership to digital downloads. It's a massive shift so big you haven't even been able to grasp how huge it is. Take a step back, absorb it, and that's huge.

Amazing right? This colossal market, completely untapped.

It works for used anything digital so music, books, you name it. If apple and Amazon doing try to catch up someone will steal those markets because used transfer of goods is a big reason for people to get interested.

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VonTyger [S] 0 points ago +1 / -1

No, you would need support for an NFT system to be coded into a given system and the console makers / developers will never support having their products circulate like that because it leads to less money.

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GaIIowBoob 1 point ago +1 / -0

No one will believe you, you're trying to hard to deny something you admit you don't understand.

Blue the whistle buddy, be a millionaire instead of a minimum wage slave

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TDanonDJTJR2024 6 points ago +7 / -1

who paid u to write this

3
anesPEDEsia 3 points ago +3 / -0

I’m kinda hoping they merge with SLGG and enterprise E-sports gaming tournaments!

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anesPEDEsia 3 points ago +3 / -0

am I missing anything here?

Yeah, you missed the part that says GME is ripping. Even on a down day like today, it is 51% up for me. So if you believe that gains are a good thing, you might find that significant.

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GaIIowBoob 2 points ago +2 / -0

Game stop may wind up being the only online store that lets you buy and sell used downloads. NFT is that big a game changer. Game stop could be more than something it might be everything

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VonTyger [S] 0 points ago +1 / -1

How the heck would the developers of hardware, or even software, ever support "used downloads"? That sounds like a pipe dream to me.

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GaIIowBoob 1 point ago +1 / -0

"NFT" look that up, blow your mind.
Now you know why gamestop is such a massively undervalued steal right now! That "pipe dream" you didn't even think about this morning and can't believe is real even now is already something gamestop has hired and been working on for quite a while.

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VonTyger [S] 0 points ago +1 / -1

Nonsense, console makers and devs will never code in support for NFTs to allow their games to be sold "used" and if they do make their own NFT systems, it isn't going to be anything that wants to give Gamestop a cut.

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GaIIowBoob 1 point ago +1 / -0

Who paid you to the this?

2
MisterGuapo 2 points ago +2 / -0

For the record, the PS4 and Xbox One also had all-digital versions available, as do the current PS5 and Xbox Series (S).

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dontdrinksoy 2 points ago +2 / -0

GameStop needs to make their own shit, and sell that to customers.

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AlexWin1939 2 points ago +2 / -0

That’s a pretty solid idea. A GameStop console has a nice ring to it.

And as much as Cramer is an idiot, I did like his idea of turning stores into crypto centers.

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HuggableBear 3 points ago +3 / -0

Not a GameStop console.

GameStop controllers, headsets, keyboards, mice, etc. They need to be the mid-tier product for people who don't want cheap Amazon chinese shit but also don't want to pay for the Razer brand.

0
VonTyger [S] 0 points ago +1 / -1

With the kind of money they can raise in the short term, something like that might be their only viable option. But even that probably wouldn't support the rent and staffing costs of retail stores.

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wampdog29 1 point ago +1 / -0

Physical game sales still make up at least half of all sales. The better Series X console still plays discs. It'll be at least 10 years before we have to worry about the physical sales decline. By then, they'll have crypto and other ways of making money.

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VonTyger [S] 0 points ago +1 / -1

Why would a physical games retailer with rent and staffing costs be selling cryptocurrency?

1
GaIIowBoob 1 point ago +1 / -0

Used game ownership transfers through crypto tokens, and possibly crypto store currency as a way to dividend short squeeze like Overstock did.

They aren't a physical retailer any more. The stores are same day shipping but the reason for all those Amazon hires was a massive shift to e-commerce based business model. Hybrid in some places but they closes the smaller stores because they need bigger warehousing for delivered goods.

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JhnBrwnRtrns 1 point ago +2 / -1

I could see a scenario in which a company like Amazon purchases GME for the name recognition, following, and reputation in the gaming segment and add a gaming platform to their services to compete with the services you've referenced.

At the end of the day, hard disk games and movies provide superior AV experience. There is a huge difference between running a 4K UHD disc and streaming a movie on my home theater. This also applies to gaming. There just isn't enough bandwidth available to squeeze the necessary amount of data wirelessly or even wired. Everything is compressed and after processing it just isn't as crisp. Additionally, downloaded games take up large amounts of storage space, which can create other issues and require purchases of additional HD space.

My point here is that in the long run, there will be demand in the market for both physical games and streaming services. Anyone in the market needs to consider whether they want to straddle line or focus and specialize in one or the other. In my opinion, GME should straddle the line because I think there will be a lot of people like me who realize down the road that the physical disc looks and sounds immensely better. And if I'm going to spend money on an OLED TV and a kick ass sound system, I want to put all of that to good use.

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HighFrequency 1 point ago +1 / -0

The minute Amazon buys GME I'm out. The only real power I have is my consumer dollar and I don't want corrupt commie Amazon to reap the benefits of diamond fisted apes. Screw that.

1
nautica 1 point ago +1 / -0

How about GME buying Amazon after the short squeeze? A scenario:

  1. An incident starts, i.e. AZ audit findings.
  2. One in the phalanx of the shorts is breaking out and covers.
  3. GME rises to a level and the squeeze starts.
  4. Margin calls everywhere, HF beginning to sell share like big tech, Amazon etc.
  5. Billions of synthetic shares need to be covered. GME goes to the Moon, and all other loose 95% of its worth.
  6. GME buys merges) Amazon trading shares. Now ecerybody can trade on Amazon. Own tokens. No more banks and credit card firms.
  7. Trump comes back as Potus.
  8. Bezos went a month or two earlierto space and did not survive the trip (Houston we have a problem). Happy End.
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JhnBrwnRtrns 1 point ago +1 / -0

It's what would be best for your investment. Amazon would buy and you'd take your money and run.

-1
VonTyger [S] -1 points ago +1 / -2

Another guy touched upon this. That is pretty much all the value GME has right now, name recognition. But they'd have to make a huge play like this soon for it to be worth it.