Ryan Cohen: “Why Does Everyone Want GameStop to Fail?”
$GME CEO @ryancohen:
“The media is an example. Why is it that you've got a ($EBAY) management team with no skin in the game, they're not builders, they haven't built anything themselves before, they've basically just been employees at major companies, they’ve been overpaid, I don't think they've ever broken out a sweat in their entire lives, why does everyone want them to succeed?
But when you have someone that, and by the way, I'm putting $500M of my own money into this transaction, I haven't pulled a penny out of GameStop, and it seems like everyone in the media basically wants us to fail, and wants them to succeed.
And you've got a board that's making hundreds of thousands of dollars a year. They don't buy stock with their own money. They end up showing up to a handful of board meetings, and they're making a fortune. You've got a management team that is grossly overpaid, taking zero risk.
There's nothing more American than basically risking your own capital. So why does everyone want us to fail?
@friedberg:
“I do think that the media, in order to give you credibility, they're gonna have to acknowledge that all of their takes on GameStop just being a meme stock were wrong, and that there is actually a business here, and that there is value being created here, and that they missed that, and they got the story completely wrong.”
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let me make sure i’m understanding this correctly
the supreme court is refunding all tariff money back to corporations.
the same corporations that didn’t pay a single cent of those tariffs to begin with.
they passed every dollar directly to you through higher prices on everything you buy
you went to the store and paid more for groceries. you paid more for clothes. for car parts. for literally everything.
that money came out of YOUR pocket not theirs
and now the refund goes to THEM?
the corporations who used the tariffs as an excuse to raise prices even higher than the tariff itself and pocket the difference
the american people funded the tariffs.
the corporations profited off the tariffs.
and now the corporations get a refund on money they never spent in the first place
and nobody in washington thinks the people who actually paid should get the money back.
not a single person has even suggested it
guess we are never getting our DOGE checks either
this country does not work for you.
it works for them. it’s a joke
and they’re not even pretending anymore
Buying stock, cleaning up the balance sheet why taking no pay isn’t nothing and takes time..Besides the short interest making the stock pump and hedge funds can kicking forever with nobody to hold them accountable the stock wasn’t great. Look what he did to the balance sheet and is ready to use that to make it into a company that will make shareholders wealthy. Without him the stock would be a lot lower, zero evidence without him you would be “a lot richer”