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Comment by randomopining | Hacker News Reader

GameStop is useless lol. They literally sell stuff that's already/going to be completely digitally sold in a decade.

I don't play computer games in many years, so I vaguely thought that happened decades ago. There used to be something called Steam.

One of the stranger bull theses I've seen was that GameStop of the future will let you order the parts to build a custom gaming rig, they'll be delivered to the store, and experts will hold your hand while choosing parts and assembling them.

Fundamentals and normal financial logic should be entirely disregarded when discussing this stock. This pure WSB.

Yeah so it's confirmed to be basically 99% a pump and dump meme stock?

No it’s not. WSB is orchestrating a short squeeze. The aim is to make a transfer of wealth from shorts like Melvin Capital to WSB. This whole charade is due to the stupidity of short sellers who shorted more Gamestop shares than there are publicly traded. Check out the Overstock story from last year or VW from 2008. This will be exactly like that.

Will it? Wouldn't all the WSB holders need to continue to hold? I imagine they'd end up selling with a bit of a peak, I can't imagine everyone holding and really pulling off a full squeeze. Then again, this community is new to me.

GameStop is in the digital game sales business, you know. It's not the same copy it was in 2007 when you picked up Halo 3 used.

Yeah but how is it going to have market share in the future when Microsoft, Sony, Nintendo have their online marketplaces etc?

Ask Steam

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