Elon Musk Needs to Buy GameStop Next. Seriously

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Elon Musk Needs to Buy GameStop Next. Seriously

InvestorPlace2022-12-01

Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...

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LateWizard
·2022-12-02
Apes unite
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1
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Nase
·2022-12-01
Everytime people post something like this I will always think 🤔 what will happen to all this bulls if he suddenly pass away Crash ? 💥
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3
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Longshot
·2022-12-01
Thanks
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3
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- Dollarvan:
  K
  2022-12-01
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- JulianAlson:
  K
  2022-12-01
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TeslaLegend
·2022-12-01
Nice
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3
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- EdwardKarchi:
  Woa
  2022-12-01
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- huawei9731:
  liked liao
  2022-12-01
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kianhua84
·2022-12-01
Ooo
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6
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- ElvisLHS:
  liked liao
  2022-12-01
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- kianhua84:
  ook
  2022-12-01
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SallyNeo
·2022-12-01
Ok
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4
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- Pflanze:
  ok
  2022-12-01
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thecham
·2022-12-01
Ok
Reply
2
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- TeslaLegend:
  Nice
  2022-12-01
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Vicholes
·2022-12-01
[Happy]
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9
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- Longshot:
  Ok
  2022-12-01
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- Vicholes:
  [Happy]
  2022-12-01
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cctv1
·2022-12-01
Good
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6
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- coffeeteaboy:
  Ok
  2022-12-01
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- cctv1:
  ok
  2022-12-01
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cctv1
·2022-12-01
Ooo
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5
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har888
·2022-12-01
Sure or not?
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- ccl85:
  Ok
  2022-12-01
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runningjames
·2022-12-01
Haha really... he still got $$$ to buy another company?
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Fongtf
·2022-12-01
Ok
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2
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crtyn
·2022-12-01
Ok
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4
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- thecham:
  Ok
  2022-12-01
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OH WEI XIANG
·2022-12-01
Like
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- Angela26:
  ok
  2022-12-01
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- crtyn:
  Ok
  2022-12-01
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小小一条
·2022-12-01
Up
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Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","article_id":"2288256694","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","pubTimestamp":1669872524,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? 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Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9965153199,"gmtCreate":1669913379011,"gmtModify":1676538269609,"author":{"id":"3576797853255359","authorId":"3576797853255359","name":"LateWizard","avatar":"https://static.tigerbbs.com/2623f0ebfedf9dedaf6b68dc8fe2f4b8","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3576797853255359","authorIdStr":"3576797853255359"},"htmlText":"Apes unite","listText":"Apes unite","text":"Apes unite","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965153199","repostId":2288256694,"repostType":2,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9965957270,"gmtCreate":1669881515190,"gmtModify":1676538262555,"author":{"id":"4099451016804780","authorId":"4099451016804780","name":"Nase","avatar":"https://community-static.tradeup.com/news/75fd46c54802015fad711baba153fe17","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":0,"idStr":"4099451016804780","authorIdStr":"4099451016804780"},"htmlText":"Everytime people post something like this I will always think 🤔 what will happen to all this bulls if he suddenly pass away&nbsp; Crash ? 💥&nbsp;","listText":"Everytime people post something like this I will always think 🤔 what will happen to all this bulls if he suddenly pass away&nbsp; Crash ? 💥&nbsp;","text":"Everytime people post something like this I will always think 🤔 what will happen to all this bulls if he suddenly pass away Crash ? 💥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965957270","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9965954075,"gmtCreate":1669881017197,"gmtModify":1676538262509,"author":{"id":"3570092809336734","authorId":"3570092809336734","name":"Longshot","avatar":"https://static.tigerbbs.com/7cad4ddeab0622dd29ed1d7c76c750b8","vip":1,"hat":"https://static.tigerbbs.com/306aa047bc14b6942cda1aed925cf8c3","crmLevel":7,"crmLevelSwitch":0,"idStr":"3570092809336734","authorIdStr":"3570092809336734"},"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9965954075","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105022694,"gmtCreate":1669881426456,"gmtModify":1669881438986,"authorId":3555014251535651,"author":{"id":3555014251535651,"idStr":"3555014251535651","authorId":3555014251535651,"name":"Dollarvan","avatar":"https://static.tigerbbs.com/0316ab12b442ee2cd79936de06de5089","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"80.82%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965954075,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">K</span>","text":"<span class=\"s1\">K</span>","html":"<span class=\"s1\">K</span>"},{"id":105022606,"gmtCreate":1669881032532,"gmtModify":1669881045659,"authorId":3575352038769618,"author":{"id":3575352038769618,"idStr":"3575352038769618","authorId":3575352038769618,"name":"JulianAlson","avatar":"https://static.tigerbbs.com/a4f9fadbfd2a54fe54a080c1732d41f9","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.31","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965954075,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">K</span>","text":"<span class=\"s1\">K</span>","html":"<span class=\"s1\">K</span>"}],"langContent":"EN"},{"id":9965958373,"gmtCreate":1669879770092,"gmtModify":1676538262331,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":1,"idStr":"3572489627147183","authorIdStr":"3572489627147183"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9965958373","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105022557,"gmtCreate":1669880678959,"gmtModify":1669880688687,"authorId":3578819428738173,"author":{"id":3578819428738173,"idStr":"3578819428738173","authorId":3578819428738173,"name":"EdwardKarchi","avatar":"https://static.tigerbbs.com/8393250f23521cbb5d95b0a87f3f846f","vip":1,"currentWearingBadge":{"badgeId":"f00de38e20574ad1abf55a15966547c8-1","templateUuid":"f00de38e20574ad1abf55a15966547c8","name":"Average winning trade","description":"Top 50%","bigImgUrl":"https://community-static.tradeup.com/news/f53cdecfbff6499d133bad354ae10ff1","smallImgUrl":"https://community-static.tradeup.com/news/2554f84686bbcccc035b93fe29308e43","grayImgUrl":"https://community-static.tradeup.com/news/84c66bc70ac1cf09f4e89b1d4ca9d017","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.19","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5200},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965958373,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Woa</span>","text":"<span class=\"s1\">Woa</span>","html":"<span class=\"s1\">Woa</span>"},{"id":105022442,"gmtCreate":1669879945107,"gmtModify":1669879958053,"authorId":4096072564761360,"author":{"id":4096072564761360,"idStr":"4096072564761360","authorId":4096072564761360,"name":"huawei9731","avatar":"https://static.tigerbbs.com/42a627c8d2c291b3e03bb7ca23422519","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.02.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965958373,"type":1,"supId":0,"prevId":0,"content":"liked liao","text":"liked liao","html":"liked liao"}],"langContent":"EN"},{"id":9965959192,"gmtCreate":1669879019616,"gmtModify":1676538262183,"author":{"id":"3574055938126700","authorId":"3574055938126700","name":"kianhua84","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574055938126700","authorIdStr":"3574055938126700"},"htmlText":"Ooo","listText":"Ooo","text":"Ooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9965959192","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105022383,"gmtCreate":1669879589070,"gmtModify":1669879602181,"authorId":3582789589641542,"author":{"id":3582789589641542,"idStr":"3582789589641542","authorId":3582789589641542,"name":"ElvisLHS","avatar":"https://community-static.tradeup.com/news/0eedb9c8606dbadf3e0b6fb7789c6be7","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.22","exceedPercentage":"93.50%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965959192,"type":1,"supId":0,"prevId":0,"content":"liked liao","text":"liked liao","html":"liked liao"},{"id":105022325,"gmtCreate":1669879024854,"gmtModify":1669879038542,"authorId":3574055938126700,"author":{"id":3574055938126700,"idStr":"3574055938126700","authorId":3574055938126700,"name":"kianhua84","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965959192,"type":1,"supId":0,"prevId":0,"content":"<u>ook</u>","text":"<u>ook</u>","html":"<u>ook</u>"}],"langContent":"EN"},{"id":9965927401,"gmtCreate":1669878700204,"gmtModify":1676538262125,"author":{"id":"3569657483407888","authorId":"3569657483407888","name":"SallyNeo","avatar":"https://static.tigerbbs.com/36144116caeba1af1d2ccbebeffac342","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569657483407888","authorIdStr":"3569657483407888"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9965927401","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105022315,"gmtCreate":1669878965947,"gmtModify":1669878978677,"authorId":3570037604440960,"author":{"id":3570037604440960,"idStr":"3570037604440960","authorId":3570037604440960,"name":"Pflanze","avatar":"https://static.tigerbbs.com/d1e55f7d9e1df6e15adabc7185268e2f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965927401,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":9965927557,"gmtCreate":1669878698379,"gmtModify":1676538262118,"author":{"id":"3561295030711071","authorId":"3561295030711071","name":"thecham","avatar":"https://static.tigerbbs.com/5930d84090e4f5182904005dab162bd6","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"idStr":"3561295030711071","authorIdStr":"3561295030711071"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9965927557","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105022406,"gmtCreate":1669879778951,"gmtModify":1669879791846,"authorId":3572489627147183,"author":{"id":3572489627147183,"idStr":"3572489627147183","authorId":3572489627147183,"name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.28","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965927557,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Nice</span>","text":"<span class=\"s1\">Nice</span>","html":"<span class=\"s1\">Nice</span>"}],"langContent":"EN"},{"id":9965926652,"gmtCreate":1669877444177,"gmtModify":1676538261946,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9965926652","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105022607,"gmtCreate":1669881038052,"gmtModify":1669881051505,"authorId":3570092809336734,"author":{"id":3570092809336734,"idStr":"3570092809336734","authorId":3570092809336734,"name":"Longshot","avatar":"https://static.tigerbbs.com/7cad4ddeab0622dd29ed1d7c76c750b8","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965926652,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"},{"id":105022118,"gmtCreate":1669877449753,"gmtModify":1669877463551,"authorId":4088125554959510,"author":{"id":4088125554959510,"idStr":"4088125554959510","authorId":4088125554959510,"name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965926652,"type":1,"supId":0,"prevId":0,"content":"[Happy]","text":"[Happy]","html":"[Happy]"}],"langContent":"EN"},{"id":9965926965,"gmtCreate":1669877342457,"gmtModify":1676538261930,"author":{"id":"4122358078997842","authorId":"4122358078997842","name":"cctv1","avatar":"https://community-static.tradeup.com/news/6c0d83746551578ac9624686119d76a1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4122358078997842","authorIdStr":"4122358078997842"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9965926965","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105022254,"gmtCreate":1669878509084,"gmtModify":1669878521912,"authorId":3574922828753649,"author":{"id":3574922828753649,"idStr":"3574922828753649","authorId":3574922828753649,"name":"coffeeteaboy","avatar":"https://static.tigerbbs.com/c9d8502a6269a1d5048adf7258946d92","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.26","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965926965,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"},{"id":105022106,"gmtCreate":1669877348605,"gmtModify":1669877361736,"authorId":4122358078997842,"author":{"id":4122358078997842,"idStr":"4122358078997842","authorId":4122358078997842,"name":"cctv1","avatar":"https://community-static.tradeup.com/news/6c0d83746551578ac9624686119d76a1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965926965,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":9965928740,"gmtCreate":1669877334081,"gmtModify":1676538261929,"author":{"id":"4122358078997842","authorId":"4122358078997842","name":"cctv1","avatar":"https://community-static.tradeup.com/news/6c0d83746551578ac9624686119d76a1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4122358078997842","authorIdStr":"4122358078997842"},"htmlText":"Ooo","listText":"Ooo","text":"Ooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965928740","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9965921155,"gmtCreate":1669876782077,"gmtModify":1676538261827,"author":{"id":"3572859283201979","authorId":"3572859283201979","name":"har888","avatar":"https://community-static.tradeup.com/news/99dfbb05f32e84b58fdd7279b3d9c8b3","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":0,"idStr":"3572859283201979","authorIdStr":"3572859283201979"},"htmlText":"Sure or not?","listText":"Sure or not?","text":"Sure or not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9965921155","repostId":2288256694,"repostType":2,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105022171,"gmtCreate":1669877823562,"gmtModify":1669877836131,"authorId":4089344169550100,"author":{"id":4089344169550100,"idStr":"4089344169550100","authorId":4089344169550100,"name":"ccl85","avatar":"https://static.tigerbbs.com/af7e448f67f21b882051520efa26dadd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965921155,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":9965923167,"gmtCreate":1669876470859,"gmtModify":1676538261795,"author":{"id":"4117336023184202","authorId":"4117336023184202","name":"runningjames","avatar":"https://community-static.tradeup.com/news/3467c93ce8ec8c583f28f405e68f0c00","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"4117336023184202","authorIdStr":"4117336023184202"},"htmlText":"Haha really... he still got $$$ to buy another company?&nbsp;","listText":"Haha really... he still got $$$ to buy another company?&nbsp;","text":"Haha really... he still got $$$ to buy another company?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965923167","repostId":2288256694,"repostType":2,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9965923990,"gmtCreate":1669876265110,"gmtModify":1676538261780,"author":{"id":"3581987573045566","authorId":"3581987573045566","name":"Fongtf","avatar":"https://static.tigerbbs.com/1a01b536a134993301d16d5ca79160c7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581987573045566","authorIdStr":"3581987573045566"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965923990","repostId":2288256694,"repostType":2,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9965929112,"gmtCreate":1669876049636,"gmtModify":1676538261758,"author":{"id":"3581556523917541","authorId":"3581556523917541","name":"crtyn","avatar":"https://static.tigerbbs.com/62554f7ddf70dc78b9e6f2cc7c56c702","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581556523917541","authorIdStr":"3581556523917541"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9965929112","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105022276,"gmtCreate":1669878726869,"gmtModify":1669878739824,"authorId":3561295030711071,"author":{"id":3561295030711071,"idStr":"3561295030711071","authorId":3561295030711071,"name":"thecham","avatar":"https://static.tigerbbs.com/5930d84090e4f5182904005dab162bd6","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965929112,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9965965251,"gmtCreate":1669874794473,"gmtModify":1676538261612,"author":{"id":"3574829133892207","authorId":"3574829133892207","name":"OH WEI XIANG","avatar":"https://static.tigerbbs.com/999ecefe022ab8cb9f4c76c1f852fa86","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574829133892207","authorIdStr":"3574829133892207"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9965965251","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105022646,"gmtCreate":1669881207577,"gmtModify":1669881220549,"authorId":3575785954938833,"author":{"id":3575785954938833,"idStr":"3575785954938833","authorId":3575785954938833,"name":"Angela26","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965965251,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":105021917,"gmtCreate":1669876068336,"gmtModify":1669876081022,"authorId":3581556523917541,"author":{"id":3581556523917541,"idStr":"3581556523917541","authorId":3581556523917541,"name":"crtyn","avatar":"https://static.tigerbbs.com/62554f7ddf70dc78b9e6f2cc7c56c702","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965965251,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9965960045,"gmtCreate":1669873054988,"gmtModify":1676538261365,"author":{"id":"3584174537717425","authorId":"3584174537717425","name":"小小一条","avatar":"https://static.tigerbbs.com/d415170ad3b70b5edbefbc0042148da0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3584174537717425","authorIdStr":"3584174537717425"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965960045","repostId":2288256694,"repostType":4,"repost":{"id":"2288256694","pubTimestamp":1669872524,"share":"https://ttm.financial/m/news/2288256694?lang=&edition=fundamental","pubTime":"2022-12-01 13:28","market":"us","language":"en","title":"Elon Musk Needs to Buy GameStop Next. Seriously","url":"https://stock-news.laohu8.com/highlight/detail?id=2288256694","media":"InvestorPlace","summary":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? I","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/0d92931ce7abc5b532d1556791adf3e2\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Kathy Hutchins / Shutterstock.com</p><p>When was the last time you visited a <b>GameStop</b> (NYSE:<b>GME</b>)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.</p><p>Yet, no amount of hand-waving can hide an increasingly clear fact:</p><p><i>GameStop’s core business remains in terminal decline</i>.</p><p>The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.</p><p>So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:</p><p><i>What if Elon Musk bought GameStop stock?</i></p><h2>GameStop Needs an Elon Musk</h2><p>First, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The <b>Tesla</b> (NASDAQ:<b>TSLA</b>) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.</p><p>Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. <b>Berkshire Hathaway’s</b> (NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.</p><p>Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.</p><p>These are same “kick-in-the-pants” actions that GameStop now desperately needs.</p><h2>GameStop on the Brink</h2><p>GameStop’s new problem is the same old one:</p><p><i>Shiny plastic discs are a dying business</i>.</p><p>In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.</p><p>Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.</p><p><img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: 1take1shot / Shutterstock.com</p><p>Mr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.</p><p>A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.</p><h2>Can Elon Musk Save GameStop?</h2><p>That leaves only one clear option for GameStop as a firm:</p><p><i>An Edgelord Shakeup</i>.</p><p>GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…</p><p>… all while facing the prospect of running out of cash by Christmas 2023.</p><p>On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.</p><p>GameStop also retains a loyal fanbase of consumers who insist on buying games in person.</p><p>But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like <b>Valve’s</b> Steam have become what GameStop once hoped to be.</p><p>An Edgelord takeover, of course, will be anything <i>but</i> smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.</p><p>But it will be for the best. In 2015, writers at the <i>Financial Times</i> joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.</p></body></html>","source":"investorplace","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>Elon Musk Needs to Buy GameStop Next. Seriously</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\">\nElon Musk Needs to Buy GameStop Next. Seriously\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in...</p>\n\n<a href=\"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/11/elon-musk-needs-to-buy-gamestop-next-seriously/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288256694","content_text":"Source: Kathy Hutchins / Shutterstock.comWhen was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera.Yet, no amount of hand-waving can hide an increasingly clear fact:GameStop’s core business remains in terminal decline.The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price.So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this:What if Elon Musk bought GameStop stock?GameStop Needs an Elon MuskFirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. The Tesla (NASDAQ:TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats.Yet, Mr. Musk’s hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr. Musk a “visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need.Nowhere is this clearer than his overzealous takeover of Twitter’s operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitter’s rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch.These are same “kick-in-the-pants” actions that GameStop now desperately needs.GameStop on the BrinkGameStop’s new problem is the same old one:Shiny plastic discs are a dying business.In the pre-Cohen days, GameStop’s management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge.Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the company’s $60 million in capital expenditure is barely enough to keep the lights on.Source: 1take1shot / Shutterstock.comMr. Furlong’s new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStop’s Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before. Only 2,475 unique owners are listed on its blockchain.A return to “managed decline” has also become unattractive, given GameStop’s now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailer’s remaining assets.Can Elon Musk Save GameStop?That leaves only one clear option for GameStop as a firm:An Edgelord Shakeup.GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right…… all while facing the prospect of running out of cash by Christmas 2023.On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the company’s shares are now directly held by transfer agents, and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. It’s a situation that Elon Musk would have enjoyed as Tesla’s CEO.GameStop also retains a loyal fanbase of consumers who insist on buying games in person.But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online, and they’re not doing it through GameStop’s site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valve’s Steam have become what GameStop once hoped to be.An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And there’s no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores.But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios. If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if he’s available for another CEO role.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":89,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}