Throughout history it has always been Gaming & Arts that have driven the adoption of new technologies and inspired new communities by pushing the boundaries of imagination. GameStop has cemented itself as a pioneer by becoming the first household name to embrace blockchain technology and explore the realms of Web3 Gaming, NFT's & Crypto.
Web3, NFT's & Crypto empower creators & gamers allowing them to participate in the development of the metaverse where they can share & exchange their in-game assets. NFT's allow for verifiable ownership of in-game assets which opens doors for gamers to monetize the time they put into gaming and create markets for their in-game assets.
---- Lets use Call of Duty as an example.
A game filled with all kinds of weapons & different levels of power & accuracy.
Imagine if there was a gun that had 100% accuracy & 100% power from any distance.
Now imagine if there was only 10 verifiable copies of this gun in the game.
How much is this gun worth?
Now lets assume a viral streamer like Ninja were to own a copy of this gun.
How much is this gun worth now?
Answer: A lot.
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GameStop is positioned at the front line of this movement and has sparked a massive wave of innovation encouraging companies & gamers to explore new possibilities that will transform the gaming industry and force other companies to adapt or be left behind.
I repeat
Gamestop is a Tech Company.
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Earnings fell right to trend as expected. They will act as magnets
stay tuned
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Ryan Cohen buys 443,842 shares Of GameStop worth nearly 10 million dollars
Agree with you! I believe the negative light in which GME has been cast was by design.
strongStork36474
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Can we get color codes on lines for what they meam? A legend??
J77D
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One of the most beautiful charts I've seen. Absolutely love it!
xx1337
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@dustindansie, thank you!
andyscappinimon
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@dustindansie, the chart is probably the most horrible chart out there. no direction no trend, all spikes out of nowhere !! LOL
A_potential_trader
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Good abstract and analogy.
SPADESASSETS
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fgbfgb
SPADESASSETS
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place a price on that. if you cannot answer that, you are speculating. you can be right but not for the right reasons. as a tech company, they are one of the worst. aren't tech companies supposed to be profitable it's not really enticing to see that they made less than 50M in earnings. most of the earnings came from just simply cleaning up the balance sheet which they should have when online game downloads started to eat up all of their market share. if anything, gme is a toy store. it used to be part of the culture like record stores were but that's now a niche business with little demand. this thing needs to go to $16 before i think about buying.
lbizzle1
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@SPADESASSETS why $16? Lol. Nothing you said makes any sense. $16, is that a random number or based on market cap?
A comical amount of tech and other companies have drastic negative earnings, massive debt, and little cash. GME has 1.3B in cash, no debt, and has built a brand loyalty that money couldn’t buy.
Berkshire, Boeing, Uber, Shopify, Amazon, coinbase, rivian, peloton, all of these companies lost billions last year.
GME coming to eat you. Nom nom nom
SPADESASSETS
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@lbizzle1, yes, $16 is the price per share i am willing to accept for this dying company. yes, its a dying company. and what loyalty? i think everyone hates gamestop for the simple fact that they spit in your face when you make trade-ins. but to each their own. what price do you place on gme? im very curious.