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Gamestop frenzy

glownyc
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442
Foo2rama Foo2rama
The problem is to everyone else, their incessant pitch to every customer at least twice per interaction hurts the developers. As if someone buys a game new for 60, then sells it back for 15 credit in 1 week, the 2nd person buys it at 45 and Gamestop pockets $50 on that second transaction. This means they get to double-dip and the developers sell fewer copies.

The game companies got around it a bit with inbox DLC that could only be used by the original buyer, and the 2nd buyer had to pay 15 bucks for ensuring the developer made $15 on the second purchase.

I used to hate my yearly trek to Gamestop HQ and have to pitch my titles and promise them they would get the best DLC. TBH most people I knew that were in that position almost always gave Gamestop the worst preorder DLC exclusive on purpose and lie that it was the best lol.
To be clear my original point was that the comparison of Gamestop to Blockbuster was not valid. It wasn't about how they do business. Since we're on the subject I strongly disagree with the notion that Gamestop selling used games hurts the developers. The second hand market existed long before they came along. Those imaginary extra new copies sale were not going to happen. As for how much they profit on used sales that's only possible because people are willing to sell and buy from them at those prices.
 
BlackTalon
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9,392
Dsloan Dsloan
I am officially out of meme stocks as of this morning. In the end, I made ~8X on the initial gambling money. Now, to rotate the cash into something boring for the long haul.

I've been too afraid to check WSB. I have a feeling that the loss porn may be less amusing than usual...
The smart people shorted GameStop this week 😁 The irony is this whole thing created even more money to be made by shorting.
 
Foo2rama
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27,366
glownyc glownyc
To be clear my original point was that the comparison of Gamestop to Blockbuster was not valid. It wasn't about how they do business. Since we're on the subject I strongly disagree with the notion that Gamestop selling used games hurts the developers. The second hand market existed long before they came along. Those imaginary extra new copies sale were not going to happen. As for how much they profit on used sales that's only possible because people are willing to sell and buy from them at those prices.

hi, as stated I’ve worked for over 15 years on the business end of the video games industry. I’ve worked for such small companies as Blizzard, been the Launch Producer for multiple titles with Box product in GameStop, Bestbuy, etc. I’ve been invited to speak at industry conferences multiple times. While I focused mostly on PC and transitioned to mobile, all of the console publishers and by extension the console devs hate GameStop for lower sales, and being entitled little shits about it making unreasonable demands.
But hey what do I know.
 
Wryfox
Posts
3,039
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14,163
Foo2rama Foo2rama
hi, as stated I’ve worked for over 15 years on the business end of the video games industry. I’ve worked for such small companies as Blizzard, been the Launch Producer for multiple titles with Box product in GameStop, Bestbuy, etc. I’ve been invited to speak at industry conferences multiple times. While I focused mostly on PC and transitioned to mobile, all of the console publishers and by extension the console devs hate GameStop for lower sales, and being entitled little shits about it making unreasonable demands.
But hey what do I know.


OK pal, the internet doesn't need real world experts to confuse things...😵‍💫
 
Walrus
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51,614
Wryfox Wryfox
OK pal, the internet doesn't need real world experts to confuse things...😵‍💫
We are all experts on all things once on the Internet.
 
texasmade
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2,863
Walrus Walrus
We are all experts on all things once on the Internet.
Only true if you also stayed at a Holiday Inn.
 
BlackTalon
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9,392
texasmade texasmade
Only true if you also stayed at a Holiday Inn.
Okay, this is so wrong I do not even know where to begin. This sort of disinformation is why I had to start posting on the Internet, as someone who understands how this stuff works (i.e., me) really needs to flag and correct posts like this.
 
Walrus
Posts
10,596
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51,614
BlackTalon BlackTalon
Okay, this is so wrong I do not even know where to begin. This sort of disinformation is why I had to start posting on the Internet, as someone who understands how this stuff works (i.e., me) really needs to flag and correct posts like this.
Thank god for people like you, I wanted to say something but didn’t want to start controversy.
 
Observer
Posts
806
Likes
2,108
BlackTalon BlackTalon
The smart people shorted GameStop this week 😁 The irony is this whole thing created even more money to be made by shorting.
People who bought early and knew when to sell (not at the top) made massive gains. The short sellers are only hoping to double their money.
 
Walrus
Posts
10,596
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51,614
Little concerning to see what kind of regulation is going to come out about this GameStop thing. Yellen is having a meeting and I’m hearing all kinds of speculation including moves that would make “free trades” on platforms like robinhood etc. no longer “free”, too early to tell it’s all just talk now. Funny a company with such a small market cap could cause such an uproar, it’s not the first time in history shorts have been caught out.
 
Archer
Posts
29,106
Likes
75,222
BlackTalon BlackTalon
Okay, this is so wrong I do not even know where to begin. This sort of disinformation is why I had to start posting on the Internet, as someone who understands how this stuff works (i.e., me) really needs to flag and correct posts like this.

True, everyone know knows, knows that it's only true if you stayed at a Holiday Inn Express...
 
texasmade
Posts
2,576
Likes
2,863
Archer Archer
True, everyone know knows, knows that it's only true if you stayed at a Holiday Inn Express...
I clearly did not stay at a Holiday Inn Express.
 
Observer
Posts
806
Likes
2,108
Walrus Walrus
Little concerning to see what kind of regulation is going to come out about this GameStop thing. Yellen is having a meeting and I’m hearing all kinds of speculation including moves that would make “free trades” on platforms like robinhood etc. no longer “free”, too early to tell it’s all just talk now. Funny a company with such a small market cap could cause such an uproar, it’s not the first time in history shorts have been caught out.
You know who she’ll be working to protect, and it won’t be you or me. The good news is that it will only drive more people away from the fiat system of theft.
 
eugeneandresson
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15,577
Thought I would put this here. Worth watching to the end imho (for those of us who are not American, and do not really care or know much about Wallstreet).

 
dsio
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33,134
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37,869
I really wish copyright wasn’t broken down by geography on YouTube causing dumb stuff like this for those of us in other countries.

CE9F8EC6-578E-41D9-961C-1D941B35AAC9.png
 
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