GameStop CFO Resigned

I thought this was worth posting about since some people seemed pretty interested in the whole stock hijack from last month. Jim Bell, Gamestops CFO will be stepping down at the end of March and taking 2.8 million with him which is a lot more than what he makes in a single year. I am assuming this is to cover the costs for the next 3 or 4 years.

It seems they are trying to scrape together what they have left to keep the business going but I honestly can’t see it surviving much longer. I think it will be lucky to reach 2022 at this rate.

You can read more about the CFO story here:

They have been hurting for a good 10 years now. I am shocked they made it this far. I figured they would have closed shop in 2020. I think it is good they are trying to hang on as long as possible though because a lot of people rely on them for work.

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I was going to mention that. Like I feel bad for the people who rely on these jobs to make a living. They have to be wondering when their time will come to an end. If I worked for the company, I would start job hunting now though.

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I thought it would have closed in 2020 too but I think because of people being laid off or stuck at home, they ended up getting an increase in revenue but this was quickly shot back down later in the year. What sucks for them though is that stock thing that just happened. That hurt the company in a big way.

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Did you see their stocks are going up again? I have a buddy at work who invested when it dipped so he is getting super excited about it.

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The Reddit group will likely keep it afloat for a while. They know there’s still yuks in the hedge fund firms aiming to get some back from the short sale. It’s more of a clash now to bankrupt those firms.

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I am all for it. I hope they keep at it. I want them to really stick it to these fat cats in Wall Street. They have screwed over people for years and are a big part of the blame for the issues we faced in the US back in 2008/2009.

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I hear that. The more those uptight and snobby 1% that cry rivers for losing billions trying to short struggling businesses, the happier I’ll be. They get the karma they deserve.

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The shame of this all is that yeah, a lot of people will lose their jobs eventually which sucks but at least people are finally seeing what is going on. Wall Street has been a scam for YEARS. They used our money to make themselves richer by manipulating the market and now that we, the people, are doing it, they don’t like it. F 'em!

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I love that this is screwing over the people in the 1%. They hoard wealth and power and piss on everyone under them.

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158.16+20.42 (+14.83%)

This is as of 10AM today. The stock is still up and more news is expected to come out about the company. I heard that some people on reddit are planning to invest hard again and boost it even more. Who knows though. The stonks gods keep locking people’s ability to invest.

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It was up to over $300 again. I can’t remember which day it was but it has dropped again. They are trying to get it over $500. I don’t know what shenanigans they are planning but all those hedgehog funders are not happy.

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The Reddit group are smart. They’re playing the game better than the Wall Street yutzes. They’re making sure they get just enough return of investment before hitting the button again to keep the Gamestop stock from being worth it to short sell. The Wall Street hedge fund firms aren’t going to short sell if it results in a negative for them.

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I feel like I am cheering on my home sports team in a championship game or something. I just want these a-holes to get a taste of their own medicine. They do some of the shadiest stuff.

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I know a lot of the hype around the story has fizzled but plenty of us are still watching it. I know some stockholders in this as well. I think they wanted the media attention off the story to prevent people from investing in it more.

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At this point, most people I know there were getting hyped over it aren’t even paying attention anymore. It was like a fad for them. I am still curious and want to see where things do so if anyone has updates on any of this, please tag me. I will post anything new here too.

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