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anewaccount2021

April 1, 2021 - Gamestop announces intention to acquire Apple

edit: Jesus folks, this is obviously a joke. Lighten up HN!

That's unrealistic of course, but I do wonder what GME's CEO is doing right now. Could they use the current high stock value to pay off debt by selling off stock or would that potentially collapse the current market value. Is there some way for them to take advantage of this whole thing?

GME is not really profiting or having a direct access to more money unless they issue more stock which is not so easy and unlikely. The ceo has made money as he certainly has stock but that's his personal holdings.

Well at the very least, you have to assume full-time salaried employees have some sort of equity compensation. So this is basically an awesome lottery outcome for them. Hopefully they give the hourly employees some sort of nice reward for sticking around too.

I don't see big opportunities to restructure the business - if the executive team could build a better business, they wouldn't be in this shape to begin with.

February 1, 2021: GameStop starts preorder of KFC Gaming Consoles.

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