11/13/2022 0 Comments Gme meltdown![]() I can browse GME meltdown and pick out dumbest statement of the past month to use it against your bear thesis too - that doesn't mean it's general consensus of the sub.Īnd yes, the literal fact that you are using a NFT profile picture does mean that you adopted it. Chewy does that just fine.Ĭatch my drift? You keep trying to fall back on your "cult take down amazon ooga booga" argument, when in reality your argument holds no ground whatsoever. GameStop or BBBY don't need to sell pet stuff. GameStop doesn't need to sell home goods stuff. I'd also argue that GameStop is better positioned as a company for the impending economic downturn because it's a smaller company and has a smaller footprint. Because GameStop is a video game retail store while dabbling in web 3, and GameStop is still around. Who said anything about GameStop overthrowing Amazon? I'd argue that GameStop already has overthrown amazon, in the literal only areas that matter to GameStop. Ask Mark Zuckerberg how Meta is doing as a "tech giant" - with what product? The service is technically "free" to you as an end user, even though you end up paying for it with your data. Your ideology is flawed across the board. If you honestly think that suggests that pointless NFTs (like the one associated with my profile pic) are about to be adopted en masse, then I guess that explains why your cult's "worst case scenario" for GameStop's NFT marketplace was so hilariously wrong □ And the only reason Reddit bothered putting said link on blockchain in the first place was because they knew that doing so would lead a bunch of morons (possibly including you) to spend actual money on them. The fact that there's a block on a chain with a link to this profile picture is completely irrelevant to me. Technology/processes don't have to be paid for to be adopted, case in point - YOU. You don't pay for your bank account, but you still use it. That said, hypothetically, if GameStop was a dying pawn shop, posting 9-digit losses each quarter while offering no turnaround plan beyond an NFT marketplace that's on pace to generate less than 1% of the revenue predicted in the apes' "worst case scenario," and which needed to keep hundreds of millions of dollars on hand just to cover its operating costs, then just sitting on the cash to maintain liquidity would probably be the best option. You can blame the liquidity crisis, if you want, but at the end of the day, GameStop has zero chance of overthrowing Amazon if it's just going to sit on money that's currently being lost to inflation. If a company that's already the size of GameStop wants to continue to grow into a tech giant, then it will absolutely need to spend a ton of money. You mean like how in a global liquidity crisis, you think it's a good idea to take out debt to service your debt? because cash (liquidity) is a missed opportunity? ![]()
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