McNuffin

I play games on easy mode because life is always on hard.

[McNuffin @NuffinDoing]

@dbs_10_10 Is this from a movie or the mainline series?

[Larry Cheng @larryvc]

What debt holders value about debt is downside protection. What they give up is upside.

What equity holders value about equity is upside participation. What they give up is downside protection.

Therefore, when debt holders voluntarily choose to convert from debt to equity, it’s because they value the upside potential of owning the equity more than the downside protection of owning the debt.

It’s a vote of confidence in the company.

[McNuffin @NuffinDoing]

@klara_sjo Plot twist… it’s really her own room!

[McNuffin @NuffinDoing]

@DeeGeeGames2009 This is just the first step in having consoles that only stream games from the cloud. Eventually they wont even let you download a digital copy.

[HIDEO_KOJIMA @HIDEO_KOJIMA_EN]

1/2
Eventually, even digital data will no longer be owned by individuals on their own initiative. Whenever there is a major change or accident in the world, in a country, in a government, in an idea, in a trend, access to it may suddenly be cut off.

[McNuffin @NuffinDoing]

@PlayStation Y’all already lost me as a customer due to your drifting thumbsticks on the dualsense. I see you’re already making terrible choices for the ps6. I won’t feel any need to buy that pos. I’ll stick to my gaming pc from here on out!

[McNuffin @NuffinDoing]

@Pirat_Nation They need to offer free repairs for the rampant stick drift on their dualsense controllers. Then I would MAYBE think about buying ps games again…

[Larry Cheng @larryvc]

ICYMI - GameStop News Last Week

1. Ryan Cohen withdraws CEO performance award to focus company on eBay

2. Ryan Cohen Announces $500M personal investment into eBay transaction

3. GameStop projects FY2026 Adjusted EBITDA in excess of $600M

#proud

$GME (full links in thread)

[tiffany fong (retarded) @TiffanyxFong]

holy shit they’re just like us

[McNuffin @NuffinDoing]

@ryancohen I found a video of eBay execs responsibly using company money to generate long term growth.

[tiffany fong (retarded) @TiffanyxFong]

holy shit they’re just like us

[Grummz @Grummz]

It's not about convenience, it's about how we're giving up control of our lives.

Nobody cares that GTA 6 costs $100 without a disc. They care about what it means.

It means they can cut off your access at any time. Any TOS violation, a gamer word, or bad social media post and poof.

It means they can sunset the game forever, whenever they want. Stop Killing Games? Ya they squashed that.

It means you own nothing. You are a renter, and we see that happening everywhere, not just in gaming.

Buying stuff used to meant owning it and having it forever to use as you please.

It's not just games. It's computers, cars, everything has a license, a subscription. And right to repair? To fix your stuff instead of being forced to buy a new thing? Gone, dude.

Taken away forever.

Many of you will trade convenience for that...because it turns out we will trade anything for convenience, even our privacy and data...

And for what? Trinkets - Free social apps...cheaper games via Game Pass, the list goes on. Turns out we can be subjugated cheaply.

But it's a bag bargain, long-term. Digital serfdom.

I'm not immune from this, it's hard to escape. I'm there too...but it sucks.

[GameStop @gamestop]

A Statement from GameStop

[McNuffin @NuffinDoing]

@ryancohen Your used, autographed and framed boxer shorts. Debt would evaporate

[Ryan Cohen @ryancohen]

Proposal to acquire eBay.
https://t.co/FwjcxbDmyt

[Larry Cheng @larryvc]

Some people’s thinking is constrained by what’s been done before and others are not. It’s pretty much that simple.

[Ryan Cohen @ryancohen]

The Hollow Men

American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider.

By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants.

These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition.

In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken.

Today, we have severed that link.

We have rigged the game so that heads, the Insider wins; tails, the shareholder loses.

If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived.

This looting starts in the boardroom.

We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year.

Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor.

And for what?

Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love.

They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders.

And what happens when these boards hire executives who also have no personal capital at risk?

We get the Delegation Economy.

When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know.

This is not management. It is intellectual money laundering.

They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake.

While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us.

If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag.

The time for polite governance is over.

If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.

[GameStop @gamestop]

A Statement from GameStop