GameStop has $9 billion in cash
GameStop market cap is around $9 billion
You’re telling me GameStop can buy the whole float 🚨👀
When is short sellers and market makers going to wake up and see what’s coming..
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)
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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BREAKING: Iran has suspended its entire 60-day negotiation period with the US over the direct violation of the MOU's first clause, with Israeli attacks on southern Lebanon constituting a breach less than 24 hours after the MOU was electronically signed, per Fars and Al-Mayadeen.
Iran's negotiating delegation had already been preparing to depart for Switzerland to launch the first round of talks before Iran made the decision to suspend the entire trip.
Iran will also not unilaterally fulfill its commitments, and until Iran is fully assured Israeli attacks on Lebanon have stopped and the US has practically adhered to the first-clause obligations, talks remain cancelled.