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GameStop axes its short-lived NFT marketplace as it retreats from crypto (www.engadget.com)
submitted 8 months ago by nanoUFO@sh.itjust.works to c/games@sh.itjust.works
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[-] KingJalopy@lemm.ee 51 points 8 months ago

But..but...moass?

[-] SnotFlickerman@lemmy.blahaj.zone 62 points 8 months ago

What the GameStop bros fail to realize is that while they are essentially correct about the crookedness of the market, they have still backed a losing horse.

GameStop just doesn't offer most gamers good value so they don't spend their dollars there. This is on top of bad treatment of low-level employees, which is quickly becoming a death sentence for companies whose main demographics work retail jobs and know exactly how bad retail work like GameStop can be. Finally investing in shit like NFTs that no real gamer wanted or asked for. (On top of NFTs being a joke of a scam)

MOASS would be a beautiful thing but GameStop will not be the gust of wind that blows down this house of cards.

[-] weirdo_from_space@sh.itjust.works 34 points 8 months ago

There is actually a fantastic video essay about Gamestop bros by Folding Ideas (the guy who made Line Goes Up) called "This is financial advise". I highly recommend listening to it, the whole thing turned out to be way more complicated than it seemed.

[-] JohnDClay@sh.itjust.works 17 points 8 months ago

Here's the vid in question, I second, it's very good.

https://youtu.be/5pYeoZaoWrA

[-] PipedLinkBot@feddit.rocks 3 points 8 months ago

Here is an alternative Piped link(s):

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[-] leaky_shower_thought@feddit.nl 6 points 8 months ago

Thanks for the suggestion! It was a good video. Also reinforces my belief that the rational, boring narrative is almost always the right one.

[-] merc@sh.itjust.works 5 points 8 months ago

I second this recommendation.

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this post was submitted on 14 Jan 2024
227 points (95.6% liked)

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