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LucasSSS
2022-02-25
Shorts didn't cover.We buy, we hodl.
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LucasSSS
2022-01-06
We buy, we hodl 🦍
Why AMC Entertainment, GameStop, and Sundial Growers All Sank
Go to Tiger App to see more news
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🦍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008208949","repostId":"1148312978","repostType":4,"repost":{"id":"1148312978","pubTimestamp":1641438844,"share":"https://ttm.financial/m/news/1148312978?lang=&edition=fundamental","pubTime":"2022-01-06 11:14","market":"us","language":"en","title":"Why AMC Entertainment, GameStop, and Sundial Growers All Sank","url":"https://stock-news.laohu8.com/highlight/detail?id=1148312978","media":"Motley Fool","summary":"What happenedShares of meme stocks AMC Entertainment(NYSE:AMC),Gamestop(NYSE:GME), and Sundial Growe","content":"<html><head></head><body><p><b>What happened</b></p><p>Shares of meme stocks <b>AMC Entertainment</b>(NYSE:AMC),<b>Gamestop</b>(NYSE:GME), and <b>Sundial Growers</b>(NASDAQ:SNDL)all fell hard on Wednesday following the release of minutes of the Federal Reserve meeting in December.</p><p>At the end of trading Wednesday, the stocks were down 10.8%, 13.1%, and 4.5%, respectively.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ad14cddc238feb3c3ec744b4a9d0eda\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><b>So what</b></p><p>The drop didn't have anything to do with these companies specifically but rather signaled a continuation of the market's rotation out of "risky" stocks such as highly valued technology growth names. Countmeme stocks and cannabis stocks, which are generally unprofitable, as part of that risk-on group as well.</p><p>On Wednesday, the Federal Reserve released minutes from its December meeting. While officials had already announced a tapering of bond purchases and expectations for several rate hikes this year, the minutes revealed the possibility for even more aggressive moves. Several officials thought the Fed could shrink its balance sheet of Treasuries and mortgage-backed assets, which it has been buying for some time to nurse the economy back to health. Tapering asset purchases merely suggested the Fed would be buying fewer securities but would still be purchasing. Letting the balance sheet shrink would be an indicator of even tighter financial conditions than that.</p><p>Exacerbating matters, the December private payrolls grew by 807,000, a much higher number than anticipated. This further indicated a strong economy which could necessitate a quicker tightening.</p><p>Good news on the economy usually means good news for stocks, but rising interest rates can also lower valuations. While some cyclical sectors, like financials and energy names, did relatively well today, highly priced or speculative stocks such as AMC, GameStop, and Sundial, which are "story" stocks with negative earnings, sold off hard.</p><p>While the economic reopening would benefit AMC, higher rates could also be a killer. CEO Adam Aron said in recent days he had hoped to refinance some of AMC's high-yield debt it had to take on during the pandemic to ensure its survival. However, if interest rates go up quickly, it will be harder to refinance at meaningfully lower rates.</p><p><b>Now what</b></p><p>All three stocks are down more than 50% off their 52-week highs, but there's a good argument to be made these three names are still overpriced. All three are unprofitable, with AMC's results still significantly in the red, in part thanks to high-interest payments despite theater reopenings.</p><p>GameStop has been bid up on hopes of a turnaround under the leadership of large investor and current chairman Ryan Cohen. But that effort is still in its nascent stages, and GameStop's legacy business in physical games is still declining, so there is a high degree of uncertainty. And Sundial is a penny stock in a difficult cannabis market in Canada, with a still-expensive valuation of 23 times sales and little visibility into when it may be profitable.</p><p>The bottom line is, just because these stocks are down a lot doesn't mean they can't go down further. I'd stay away from all three amid this tightening cycle unless you have a small portion of your portfolio you can afford to lose completely on speculative bets.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMC Entertainment, GameStop, and Sundial Growers All Sank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMC Entertainment, GameStop, and Sundial Growers All Sank\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 11:14 GMT+8 <a href=https://www.fool.com/investing/2022/01/05/why-amc-entertainment-gamestop-and-sundial-growers/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happenedShares of meme stocks AMC Entertainment(NYSE:AMC),Gamestop(NYSE:GME), and Sundial Growers(NASDAQ:SNDL)all fell hard on Wednesday following the release of minutes of the Federal Reserve ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/05/why-amc-entertainment-gamestop-and-sundial-growers/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","SNDL":"SNDL Inc.","GME":"游戏驿站"},"source_url":"https://www.fool.com/investing/2022/01/05/why-amc-entertainment-gamestop-and-sundial-growers/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148312978","content_text":"What happenedShares of meme stocks AMC Entertainment(NYSE:AMC),Gamestop(NYSE:GME), and Sundial Growers(NASDAQ:SNDL)all fell hard on Wednesday following the release of minutes of the Federal Reserve meeting in December.At the end of trading Wednesday, the stocks were down 10.8%, 13.1%, and 4.5%, respectively.IMAGE SOURCE: GETTY IMAGES.So whatThe drop didn't have anything to do with these companies specifically but rather signaled a continuation of the market's rotation out of \"risky\" stocks such as highly valued technology growth names. Countmeme stocks and cannabis stocks, which are generally unprofitable, as part of that risk-on group as well.On Wednesday, the Federal Reserve released minutes from its December meeting. While officials had already announced a tapering of bond purchases and expectations for several rate hikes this year, the minutes revealed the possibility for even more aggressive moves. Several officials thought the Fed could shrink its balance sheet of Treasuries and mortgage-backed assets, which it has been buying for some time to nurse the economy back to health. Tapering asset purchases merely suggested the Fed would be buying fewer securities but would still be purchasing. Letting the balance sheet shrink would be an indicator of even tighter financial conditions than that.Exacerbating matters, the December private payrolls grew by 807,000, a much higher number than anticipated. This further indicated a strong economy which could necessitate a quicker tightening.Good news on the economy usually means good news for stocks, but rising interest rates can also lower valuations. While some cyclical sectors, like financials and energy names, did relatively well today, highly priced or speculative stocks such as AMC, GameStop, and Sundial, which are \"story\" stocks with negative earnings, sold off hard.While the economic reopening would benefit AMC, higher rates could also be a killer. CEO Adam Aron said in recent days he had hoped to refinance some of AMC's high-yield debt it had to take on during the pandemic to ensure its survival. However, if interest rates go up quickly, it will be harder to refinance at meaningfully lower rates.Now whatAll three stocks are down more than 50% off their 52-week highs, but there's a good argument to be made these three names are still overpriced. All three are unprofitable, with AMC's results still significantly in the red, in part thanks to high-interest payments despite theater reopenings.GameStop has been bid up on hopes of a turnaround under the leadership of large investor and current chairman Ryan Cohen. But that effort is still in its nascent stages, and GameStop's legacy business in physical games is still declining, so there is a high degree of uncertainty. And Sundial is a penny stock in a difficult cannabis market in Canada, with a still-expensive valuation of 23 times sales and little visibility into when it may be profitable.The bottom line is, just because these stocks are down a lot doesn't mean they can't go down further. I'd stay away from all three amid this tightening cycle unless you have a small portion of your portfolio you can afford to lose completely on speculative bets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9030547178,"gmtCreate":1645766667293,"gmtModify":1676534062573,"author":{"id":"3566251269168774","authorId":"3566251269168774","name":"LucasSSS","avatar":"https://static.tigerbbs.com/a02c66653ba9a547638352e54aa53885","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566251269168774","idStr":"3566251269168774"},"themes":[],"htmlText":"Shorts didn't cover.We buy, we hodl.","listText":"Shorts didn't cover.We buy, we hodl.","text":"Shorts didn't cover.We buy, we hodl.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030547178","repostId":"1145816604","repostType":4,"repost":{"id":"1145816604","pubTimestamp":1645751382,"share":"https://ttm.financial/m/news/1145816604?lang=&edition=fundamental","pubTime":"2022-02-25 09:09","market":"us","language":"en","title":"The Excitement Is Over for GameStop Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1145816604","media":"investorplace","summary":"We’re just over a year removed from the shocking short squeeze that upended Wall Street. In late Jan","content":"<html><head></head><body><p>We’re just over a year removed from the shocking short squeeze that upended Wall Street. In late January 2021, GameStop (NYSE:GME) stock surged from around $50 to nearly $500 in the span of a few days, opening investors’ minds to a whole new type of trade. If enough people started to buy a company’s stock , it seemed that the sky really was the limit for those shares.</p><p>However, the excitement about plays like GameStop and AMC (NYSE:AMC) has now fizzled. Predictions of subsequent short squeezes and trips to the moon have failed to materialize. In fact, as the stock market as a whole has corrected and speculative stocks have plunged, names like AMC stock and GME stock have declined sharply as well. As it turns out, fundamentals actually do matter, and GameStop’s fundamentals are very poor.</p><h2>Where’s the Turnaround?</h2><p>For all the excitement about Ryan Cohen joining GameStop and trying to turn it around, the company has not made much progress.</p><p>The video-game industry had a record year in 2021, as the sector’s sales climbed 8%, exceeding $60 billion. GameStop, however, is generating large losses, and its revenue remains far short of its levels from a few years ago.</p><p>Analysts, on average, expect the company to report major losses in 2022, and their mean estimates call for its revenue growth to decelerate. Overall, for all the hype about GameStop, the company’s business appears to be struggling as much as ever.</p><h2>No Reason for Optimism</h2><p>Things aren’t likely to get much better for GameStop. For years, the company relied on secondhand game sales to drive crucial, high-margin revenue streams. However, this business is slowly becoming obsolete.</p><p>That’s largely due to streaming services that specialize in video games. Companies such as Microsoft (NASDAQ:MSFT) are launching successful streaming channels, making it less and less important to actually own games. Just as Netflix (NASDAQ:NFLX) eliminated the need for physical DVDs and Spotify (NYSE:SPOT) replaced CDs, gaming streaming services (along with digital download platforms like Steam) are likely to replace GameStop eventually.</p><p>Adding to that transition is the consolidation in the gaming industry. That is, in order to broaden their product offerings, companies are merging with each other. Microsoft’s acquisition of Activision (NASDAQ:ATVI) will be particularly problematic for GameStop.</p><p>Activision has created many of the best-selling game series of all time. Now all of those games will be under Microsoft’s control and can quickly be added to the software giant’s streaming system, cutting out the middleman i.e. GameStop.</p><h2>No Monopoly on NFTs</h2><p>A big focus for GameStop recently has been cryptocurrency and non-fungible tokens (NFTs). But that initiative is unlikely to be very successful. A group of investors backed by the controversial internet marketer, Tai Lopez, bought Radio Shack’s intellectual property and are hoping to create a cryptocurrency and NFT ecosystem with the IP. While they’re at it, why not turn Kodak and Blockbuster into crypto plays as well? Kodak, after all, had its short-lived KodakCoin project.</p><p>My point is that there are many other companies which will be able to easily compete with GameStop in the cryptocurrency space. It’s not hard to grab some IP that appeals to millennials and use it to launch a cryptocurrency or NFT project. A much harder challenge. however, is making such a project impactful on society or financial markets.</p><p>GameStop was one of the first “old economy” companies to embrace cryptocurrency as a marketing tool. But many firms have followed in its footsteps, and GameStop’s potential first-mover advantage in the space has faded.</p><h2>The Verdict on GME Stock</h2><p>GameStop became a fascinating story in January 2021. It pitted a bunch of renegade traders against some hedge funds and market makers in a compelling clash. The first season of GameStop versus Wall Street was very dramatic.</p><p>But like a TV series that has gone on for way too many years, GME stock is no longer such a compelling story. Meme stocks have plunged, and the shares of brokerage firms such as Robinhood (NASDAQ:HOOD) have collapsed as their trading activity and profits have dried up.</p><p>And, most importantly, the possibility of a short squeeze ended months ago for GameStop. By now, anyone shorting GME stock who was going to cover their positions already did so ages ago.</p><p>GameStop at this point is a struggling video game retailer. It has some cash, which gives it a fighting chance to launch a new business model.</p><p>So far, however, its efforts in crypto and NFTs have been profoundly underwhelming. And the e-commerce sector is losing steam in general; the shares of Ryan Cohen’s original company, Chewy (NYSE:CHWY) have crashed. If GameStop was supposed to be the Chewy of video games, that’s not such an appealing goal now.</p><p>GameStop had a sensational run, but it’s over, and it’s time to move on.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Excitement Is Over for GameStop Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Excitement Is Over for GameStop Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-25 09:09 GMT+8 <a href=https://investorplace.com/2022/02/the-excitement-is-over-for-gamestop-stock/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We’re just over a year removed from the shocking short squeeze that upended Wall Street. In late January 2021, GameStop (NYSE:GME) stock surged from around $50 to nearly $500 in the span of a few days...</p>\n\n<a href=\"https://investorplace.com/2022/02/the-excitement-is-over-for-gamestop-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/02/the-excitement-is-over-for-gamestop-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145816604","content_text":"We’re just over a year removed from the shocking short squeeze that upended Wall Street. In late January 2021, GameStop (NYSE:GME) stock surged from around $50 to nearly $500 in the span of a few days, opening investors’ minds to a whole new type of trade. If enough people started to buy a company’s stock , it seemed that the sky really was the limit for those shares.However, the excitement about plays like GameStop and AMC (NYSE:AMC) has now fizzled. Predictions of subsequent short squeezes and trips to the moon have failed to materialize. In fact, as the stock market as a whole has corrected and speculative stocks have plunged, names like AMC stock and GME stock have declined sharply as well. As it turns out, fundamentals actually do matter, and GameStop’s fundamentals are very poor.Where’s the Turnaround?For all the excitement about Ryan Cohen joining GameStop and trying to turn it around, the company has not made much progress.The video-game industry had a record year in 2021, as the sector’s sales climbed 8%, exceeding $60 billion. GameStop, however, is generating large losses, and its revenue remains far short of its levels from a few years ago.Analysts, on average, expect the company to report major losses in 2022, and their mean estimates call for its revenue growth to decelerate. Overall, for all the hype about GameStop, the company’s business appears to be struggling as much as ever.No Reason for OptimismThings aren’t likely to get much better for GameStop. For years, the company relied on secondhand game sales to drive crucial, high-margin revenue streams. However, this business is slowly becoming obsolete.That’s largely due to streaming services that specialize in video games. Companies such as Microsoft (NASDAQ:MSFT) are launching successful streaming channels, making it less and less important to actually own games. Just as Netflix (NASDAQ:NFLX) eliminated the need for physical DVDs and Spotify (NYSE:SPOT) replaced CDs, gaming streaming services (along with digital download platforms like Steam) are likely to replace GameStop eventually.Adding to that transition is the consolidation in the gaming industry. That is, in order to broaden their product offerings, companies are merging with each other. Microsoft’s acquisition of Activision (NASDAQ:ATVI) will be particularly problematic for GameStop.Activision has created many of the best-selling game series of all time. Now all of those games will be under Microsoft’s control and can quickly be added to the software giant’s streaming system, cutting out the middleman i.e. GameStop.No Monopoly on NFTsA big focus for GameStop recently has been cryptocurrency and non-fungible tokens (NFTs). But that initiative is unlikely to be very successful. A group of investors backed by the controversial internet marketer, Tai Lopez, bought Radio Shack’s intellectual property and are hoping to create a cryptocurrency and NFT ecosystem with the IP. While they’re at it, why not turn Kodak and Blockbuster into crypto plays as well? Kodak, after all, had its short-lived KodakCoin project.My point is that there are many other companies which will be able to easily compete with GameStop in the cryptocurrency space. It’s not hard to grab some IP that appeals to millennials and use it to launch a cryptocurrency or NFT project. A much harder challenge. however, is making such a project impactful on society or financial markets.GameStop was one of the first “old economy” companies to embrace cryptocurrency as a marketing tool. But many firms have followed in its footsteps, and GameStop’s potential first-mover advantage in the space has faded.The Verdict on GME StockGameStop became a fascinating story in January 2021. It pitted a bunch of renegade traders against some hedge funds and market makers in a compelling clash. The first season of GameStop versus Wall Street was very dramatic.But like a TV series that has gone on for way too many years, GME stock is no longer such a compelling story. Meme stocks have plunged, and the shares of brokerage firms such as Robinhood (NASDAQ:HOOD) have collapsed as their trading activity and profits have dried up.And, most importantly, the possibility of a short squeeze ended months ago for GameStop. By now, anyone shorting GME stock who was going to cover their positions already did so ages ago.GameStop at this point is a struggling video game retailer. It has some cash, which gives it a fighting chance to launch a new business model.So far, however, its efforts in crypto and NFTs have been profoundly underwhelming. And the e-commerce sector is losing steam in general; the shares of Ryan Cohen’s original company, Chewy (NYSE:CHWY) have crashed. If GameStop was supposed to be the Chewy of video games, that’s not such an appealing goal now.GameStop had a sensational run, but it’s over, and it’s time to move on.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008208949,"gmtCreate":1641442060821,"gmtModify":1676533616145,"author":{"id":"3566251269168774","authorId":"3566251269168774","name":"LucasSSS","avatar":"https://static.tigerbbs.com/a02c66653ba9a547638352e54aa53885","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566251269168774","idStr":"3566251269168774"},"themes":[],"htmlText":"We buy, we hodl 🦍","listText":"We buy, we hodl 🦍","text":"We buy, we hodl 🦍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008208949","repostId":"1148312978","repostType":4,"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
