forty2

Thanks for following up and sharing this; sincerely. There's not enough of this kind of emotive sharing with Gamestop. I agree that a lot of the 'movement' borders on being cult like in the blindly following kind of way.

I touch base on reddit monthly or so to keep tabs because the same thing you find sad, I find absolutely fascinating. All the dynamics at play...from shifts in sentiment, conspiracy-style interlopers, systemic corruption to the highest levels of bureaucracy, and sometimes actual information about the mechanics lubricating the movement of stocks and money.

I've been told I'm an emotionless rock though, so it might account for our differing perspectives on how people spend money.

Talking points: That bunch of retail traders made a bad choice and ego won't allow them to bail out. That it was 'luck' for a few people a few years ago.

It may have been a bad choice for you and that's why I wonder why you posted what you did instead of your own opinion baked through your own experience. More powerful words generally come from personal experience.

I'm not here arguing with you about the stock, it being a good/bad investment isn't what I'm on about. I guess I'm more hung up on why you said what you did.

Like, what was it that compelled you to post such a banal response to this post? It's so sad that people are holding stock in a company with a ton of cash, a motivated and aligned management team, and very little debt?

Sounds like you're painting a brush and saying that any person holding Gamestop makes you sad. It's a pretty broad assertion that, honestly, feels like it has a story behind it.

Just because a few people got lucky...? My dude, instead of parroting media talking points do the reading so you know what's actually keeping folks holding the stock.

I know, right?! Leaves a totally different taste in your ear

Ah dammit, you're so right! Pre-coffee post this morning. I'll delete this since it doesn't connect.

My bad. Just subbed a handful of days ago. Fixed going forward 👍

The modern CEO has been bred to appease the shareholders, but not any shareholders...just the ones with enough skin in the game and enough influence/power to destroy lives, CEOs included.

The game is fully rigged, the only ones who have any real free will are the hedgefunds and investment houses. Keep those entities happy and your little company thrives.

As a CEO, you're just the colonial general sitting in the big house exploiting a workforce and shipping the value/profits back to the homeland.

Just look at Bezos...ex hedgefund guy builds digital platform to buy/sell books, and then AWS happens, and then literally thousands of brick and mortar stores close down giving amazon a monopoly in lots of regions. Visionary entrepreneur my ass...modern day colonizer and profiteer is closer to the truth.

Bezos will be a trillionair in this decade, his shareholders basically have a infinite money supply, and like Walmart; Amazon employees are getting their hands chopped off because they didn't produce enough rubber for the King/Queen/HFT-Firm

It's so nuts...

Speaking to shareholders, about 'shifting' the model, in an open and public medium.

He's literally talking to people who want their money to grow, about changing how the money grows....if you read between the lines it's basically

"Hey we know this is a growing concern, here in the c-suite we see it coming too. Rest assured, we're going to pander to public sentiment so our shareholder profits remain intact. Our hope is that in doing so we attract more talent to exploit thereby maintaining that upward trajectory we all know and love.

Remember 'unlimited PTO'? Yeah, we'll give these guys the same treatment."

But because these statements are public as are the financials etc, they won't just outright say it. I'll bet you quarterly and annual filings have the same type of stuff in the section disclosing current and foreseeable risks.

Yep, you got it. Tax credits for things like RnD and green initiatives, depreciation of assets like buildings and machinery , and the evergreen strategy of exploiting tax loop holes

Shareholders aren't the same as stakeholders. Shareholders are always stakeholders, but stakeholders aren't always share holders.

Stakeholders are people with any kind of interest in the company doing well, this includes people like employees, suppliers, and customers. Basically anyone that benefits from a business doing well.

I feel like he might be arguing for the kind of change that the current "anything to keep the stock price going up so the shareholders stay happy" model desperately needs.

Probably a bunch of lipservice to keep shareholders happy by addressing risk that they all foresee....namely the shifting temperament towards large corporations by the people who's value is being stolen for shareholders gains.

Adding a third, their cover of You Spin Me Right Round is not bad too!

Fuck This Shit I'm Out