The companion post to Final Stop Game Stop was the prequel, Foundations: The Big Short Squeeze, and the full history leading up to it. Read together for the full story.
And do not mind media @CNBC that comment without reading both articles.
“I had seen buybacks shrink shares by a third in the setting of 100% short interest, the reorganizing of the Board of Directors, and the selling of Spring Wireless for cash in the amount of more than half the market cap. All were home run/slam dunk activist successes with concrete results but zero impact on price or short interest.”
https://t.co/cLqcTctO0e
Final Stop GameStop: The Jig is Up
In Part 1, I outlined how he arrived on the scene – we had a talk in 2019 about GameStop and investing. The Chewy founder then made a big splash as an activist with a Form 13D filing later in 2020.
He has held on with the diamondest hands.
Ryan, the current Executive Chairman, CEO and owner of now about 9% of GameStop stock, ascended to this dual role in September 2023.
Let’s take a look at the business as it stands today.
Here I will introduce the Scion Analyst Template, in parts. This is a Microsoft Word template I put together for my wayward analysts early in 2006. The idea was to get everyone thinking my way about analyzing stocks.
I will now, as I would have in 2006, analyze GameStop stock by working through the template one section at a time.
https://t.co/zlBh9sWfGK
No budget, no script, just Mike, his store, and a genuine love for what he does.
The best part of GameStop has always been the people behind the counter.
“Wednesdays” Jenna Ortega reveals in a new interview that her favorite Batman is Ben Affleck and can’t wait to see his solo film.
“I’ve been a fan of Batfleck since Batman V Superman and would love to see more of him.”
#MakeTheBatfleckMovie
The first thing @ParamountPics should do after buying Warner Bros is greenlight Henry Cavill's Man of Tomorrow & Ben Affleck's The Batman. #RestoreTheSnyderVerse
GameStop Announces Dividend of Warrants to Shareholders:
- 1 warrant for every 10 shares of $GME common stock held
- exercise price of $32.00
- expiration date 10/30/26
- warrants are freely tradable on NYSE: GME WS
Full details below:
https://t.co/4A4eHJ75jo
ALGOLAND IS LAUNCHING NEXT WEEK 🚀
and to celebrate i’m giving away $500 in $ALGO
to enter:
- share this video
- follow me and @AlgoFoundation
- comment ‘algoland’ below
and watch this 😉👇
Absolutely MASSIVE news! 🤯
The Aid Trust Portal now makes it possible to fully track humanitarian payments on-chain, from donor to recipient, powered by $ALGO!
Lack of transparency and trust in humanitarian aid has always been a HUGE issue, and blockchain is a real game changer here!
Btw, @AlgoFoundation is currently hosting the Humanitarian Aid Payments Council in Berlin with some of the world's biggest companies...
Something is definitely cooking!
IMO, it wouldn't be surprising to see most of the biggest NGOs in the world start using Algorand! 🫡
I had a funny convo last week with the global practice head for board searches at a top exec search firm. They do ~400 public co board searches a year.
I told him how at GameStop, none of the board members or CEO are paid cash or equity.
He said, "So you grant options?"
I said, "No, the stock board members and the CEO get come from purchasing stock just like any other shareholder."
He said, "So you grant restricted stock units?"
I said, "No, we don't grant any equity and don't pay any cash. We believe this aligns our interest with shareholders."
He said, "What?!"
Out of the thousands of public co board searches his firm had done, they had never done one with no cash or equity comp - it blew his mind.
To my knowledge, only Berkshire Hathaway and GameStop have no comp for the board. If there are others, let me know.
This comp structure should be more common as it really does foster alignment with shareholders.
$GME
It's like a bad song that keeps getting replayed and replayed: Washington 💘 Wall Street: A Love Affair.
2008: Got SEC to prohibit short sales in financial stocks -- and ONLY financial stocks.
2025: Prevented SEC from making them report short sales so data could be available to the public.
Big milestone @PSAcard, we just crossed one million graded cards physically stored in the PSA Vault by collectors. And hundreds of thousands more are at PSA being graded with the PSA Vault set as their destination.
In March of 2005 this guy bought 100% of shares (1.1M shares) in a traded company to prove the corruption.
The next two days that same stock traded 50 million times dropping the price 99% in two hours. All this with LITERALLY NO SHARES AVAILABLE TO BORROW OR SHORT 🤯👀
>Pay $60 for digital game
>It’s just a license
>Can’t share the game or sell it
>Servers shut down and left with nothing
Remind me again how this is the future?