DRS Your GME jersan • 1 month ago • 100%

  [images source ](https://gmetimeline.org/ownership) Institutional ownership increased from 87.4 M shares as of June 13 to 97.6 M shares as of June 30

DRS Your GME jersan • 3 months ago • 78%

# Ownership pie chart  # Ownership table  [images source](https://gmetimeline.org/ownership)

DRS Your GME jersan • 3 months ago • 100%


DRS Your GME jersan • 4 months ago • 100%

 On May 17 GameStop announced plans to sell up to 45 million shares, and on May 24th they announced that all 45 million shares were sold for $933 million, at an average price of about $20.73. Modifying shares outstanding from 306 million to 351 million is an approximately 15% dilution. A shareholder could have expected the value of their own share holdings to have dropped 15% from this action, but shareholder value hardly went down at all as a consequence of the dilution and in fact is up about 75% from May 1 to May 24.

DRS Your GME jersan • 4 months ago • 93%

  source: [gmetimeline.org/ownership](https://gmetimeline.org/ownership)

DRS Your GME jersan • 4 months ago • 93%

[ image source](https://gmetimeline.org/ownership) # "Held at" DTC versus Computershare As of [March 20, 2024](https://investor.gamestop.com/node/20376/html) there were 305,873,200 shares of GameStop's Class A common stock (GME) outstanding. "Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares)." - 25% of issued shares of GME are owned by directly registered shareholders - The other 75% is held by Cede & Co on behalf of the DTCC As of[ May 24, 2024](https://investor.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-1), GameStop completed an at the market equity offering, and sold 45,000,000 shares, increasing the total amount of shares outstanding to approximately 351,000,000. # DRS vs DSPP Information about DRS versus DSPP counts held at Computershare are not reported publicly. This information is available, however, on the GameStop stockholder list which can be viewed in person at GameStop headquarters. The latest data we have was from 2023 when GME shareholders viewed the stockholder list and obtained some data including DRS vs DSPP counts. Source: https://www.drsgme.org/2023-stock-list-viewing The DRS vs DSPP numbers in the graphic have been rounded for simplicity based off the data from that 2023 source. Of shares held by Computershare: 53 million DRS, 22 million DSPP.

DRS Your GME jersan • 4 months ago • 100%

May 24, 2024 GRAPEVINE, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously disclosed “at-the-market” equity offering program (the “ATM Program”). GameStop disclosed on May 17, 2024 that it filed a prospectus supplement with the U.S Securities and Exchange Commission to offer and sell up to a maximum amount of 45,000,000 shares of its common stock from time to time through the ATM Program. The Company sold the maximum number of shares registered under the ATM Program for aggregate gross proceeds (before commissions and offering expenses) of approximately $933.4 million. GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.

DRS Your GME jersan • 5 months ago • 100%

Noticed [this post](https://www.reddit.com/r/Superstonk/comments/1cg9u95/aaaand_we_have_a_other_documentary_about_gamestop/) on reddit, decided to give this >40 minute documentary a watch. - - - - A review of GAMESTOP to the MOON - How Reddit almost triggered an Economic Crisis | FD Finance ★★☆☆☆ 2/5, would not recommend. **TLDR: documentary focuses primarily on the events of late 2020 and early 2021, conflates AMC and GME as equivalent things, concludes with the insinuation that all AMC, GME, and NFT investors are losers that have lost almost everything** ---- - Title of the documentary does not match the content of the documentary. A more appropriate title might have been "the story of Reddit day traders pumping AMC and GME." That is what this documentary was about. - paints most of these investors as either foolish day traders or naive investors, uses words like "gambling", "casino" - lots of FUD sentiment throughout - a few of these investors made a lots of money while most investors were losers - [32:04](https://youtu.be/QS8bMkeRdwo?t=1924) "GameStop led the way. And, as a group, the totality of the group picked AMC next. And, it wasn't like somebody said oh man we're all gonna go over to AMC, it's just kind of you know, that's where the flow goes, that's where the chatter goes, and AMC was the next stock." - for some reason, out of nowhere, in the final 5 minutes the documentary suddenly starts talking about NFTs and makes them out to be pointless. Doesn't mention GameStop's relationship with NFTs but in stead focuses on how NFTs were a speculative bubble with foolish investors, just like with AMC and GME. - - - - Total waste of time. I don't know who the intended audience was for this, but this is just more pointless narrating about the lives of people that experienced events that happened 3 years ago, concluding that the story is over and all those people that didn't get out with gains are losers that are never going to win. It's as if the media like this is stuck in the year 2021. Reddit. Wallstreetbets. AMC. GameStop. Day traders. Robinhood. Down 90% since peak. The end.

DRS Your GME jersan • 5 months ago • 100%

 - - - -  - - - -  - - - - data source: [GameStop 10-K filings - Google Sheets document](https://docs.google.com/spreadsheets/d/1kKTpWC96HO3jfOdoLl_eUxivg6rzD-axJ_il2mOyRfk/edit?usp=sharing)

DRS Your GME jersan • 5 months ago • 100%

Here is another representation of GameStop's FY23 income statement, this time showing clearly that GameStop had an operating loss of $34.5 M ( compared with an operating loss of $311 M FY22 !) If not for the $49.5 M from interest income, GameStop would not have had positive net earnings in FY23.

DRS Your GME jersan • 5 months ago • 88%

Operating loss of $35 M (compared with operating loss of $312 M in FY22) Small but notable net earnings of $6.7 M (compared with net loss of $313 M in FY22) How did GameStop make $50 million in interest income?

DRS Your GME jersan • 5 months ago • 100%

# GameStop was profitable for the first time in 6 years GameStop reported full-year profitability for fiscal year 2023, contradicting the prevailing media sentiment that GameStop is a terrible company destined for bankruptcy - - - - ### Summary - On March 26, 2024, GameStop released financial results for the fourth quarter and fiscal year ended February 3, 2024, demonstrating small but not insignificant full-year profits for the first time in 6 years, despite reduced revenues. "Net income was $6.7 million for fiscal year 2023, compared to a net loss of $313.1 million for fiscal year 2022." - Sentiment of GameStop found in financial media continues to be negative, dishonest, and cynical, despite the undeniable but often ignored improvements to the fundamentals of the company that have been achieved by the new management team. In most cases, the fact that GameStop was profitable for the first time in 6 years is not even mentioned at all. - - - - ### Historical context From a historical point of view, GameStop was consistently profitable every fiscal year from 2005 through 2016, with the exception of 2012. Starting in fiscal year 2017, GameStop began showing reduced profitability, and from FY 2018 through FY 2022, was unprofitable.  Source: [GameStop 10-K filings - Google Sheets ](https://docs.google.com/spreadsheets/d/1kKTpWC96HO3jfOdoLl_eUxivg6rzD-axJ_il2mOyRfk/edit?usp=sharing) Looking exclusively at revenue, it is clear that there has been a significant reduction starting approximately with fiscal year 2019. Much of this can be attributed to the fact that gamers are increasingly buying games digitally rather than in the form of physical discs such as can be purchased at a brick-and-mortar retail store like GameStop. Yet, even in fiscal years 2017 and 2018, it is clear that despite high revenues the company was not performing well. Heading through 2020, GameStop was undeniably a struggling company facing significant challenges, and according to many was destined for bankruptcy. The trading price of GME reflected this prevailing sentiment, and the financial media was dutifully critical. - - - - ### Company turnaround In 2020, activist investor Ryan Cohen began purchasing shares of GME, ultimately becoming the largest individual owner of the company with approximately 12% ownership. By June 2021, the entire board of directors of the company was replaced by Ryan Cohen and his associates, with Ryan Cohen becoming chairman of the board. From this time onward, control of the company was completely in the hands of this new leadership team. >"We inherited a bunch of legacy everything, and under-investment across the entire business –- people, the entire technology stack, just decades of neglect, and so it’s hard to turn around a brick and mortar retailer that’s under the kind of pressure that GameStop was and continues to be under, but that was also part of the attraction going into GameStop was that a transformation the likes of GameStop was really unprecedented and I was motivated by that." - [Ryan Cohen, November 2022](https://gmetimeline.org/rc-interview) The company went from a situation where it was losing hundreds of millions of dollars per year to net profitability in fiscal year 2023. While this is an undeniably positive result for the company in this time period, GameStop continues to face numerous challenges and must continue to improve and adapt in order to successfully compete in the modern video game industry. - - - - ### Media sentiment What does mainstream financial media have to say about GameStop achieving full-year profitability for the first time in 6 years? - [GameStop faces 'unsustainable' sales decline, cuts jobs to control costs](https://www.reuters.com/technology/gamestop-q4-revenue-falls-2024-03-26/) - Focuses on job cuts, reduced revenue, leans on the opinion of Michael Pachter - Fails to mention GameStop achieving full-year profitability - [GameStop Q4 Earnings Highlights: Retail Favorite Stock Plunges After Revenue, EPS Miss](https://www.benzinga.com/news/earnings/24/03/37946470/gamestop-q4-earnings-highlights-retail-favorite-stock-plunges-after-revenue-eps-miss) - Emphasis on GME share price going down - Focuses on reduced revenue - Did mention some favorable facts - Fails to mention GameStop achieving full-year profitability - [GameStop Stock Plummets Following Q4: Profitability Fails to Offset Significant Revenue Miss](https://www.thestreet.com/memestocks/gme/gamestop-stock-plummets-following-q4-profitability-fails-to-offset-significant-revenue-miss) - Headline emphasizes GME share price is down - Makes clear that GameStop achieved full-year profitability for the first time in years - Generally fair reporting of other facts - [GameStop Stock Plunges After Earnings Fall Short of Expectations—Key Level to Watch](https://www.investopedia.com/gamestop-stock-plunges-after-earnings-fall-short-of-expectations-8620855) - Headline emphasizes GME share price is down, 'expectations' were missed - Focus on job cuts, reduced revenue - Fails to mention GameStop achieving full-year profitability - [Jim Cramer Says GameStop Is Arguably The Worst Company In America](https://www.benzinga.com/news/earnings/24/03/37967321/jim-cramer-says-gamestop-is-arguably-the-worst-company-in-america) - Article is entirely negative, leans on the opinions of Jim Cramer and Michael Pachter - Fails to mention GameStop achieving full-year profitability - [GameStop Q4 Earnings Smash Wall Street Expectations: Reports Profitability For First Time In Over Half A Decade](https://www.benzinga.com/news/24/03/37971998/gamestop-q4-earnings-smash-wall-street-expectations-reports-profitability-for-first-time-in-over-hal) - Makes clear and emphasizes contextual significance of GameStop's full-year profitability - Generally positive about GameStop's financial circumstances - [GameStop could be gone in less than 5 years, says analyst](https://www.fastcompany.com/91070475/gamestop-could-be-gone-in-less-than-5-years-says-analyst) - Article is almost entirely negative, leans on the opinions of Michael Pachter - Does mention GameStop's positive cash holdings of $1.2 billion - Claims that Reddit's WallStreetBets has 'seemingly walked away from the “stonk”', fails to mention that GME discussion is censored on WallStreetBets (formally banned by the moderators in 2022), fails to mention that GME shareholders are found in different online communities - Fails to mention GameStop achieving full-year profitability - [GameStop Needs To Get Its Game Back](https://www.benzinga.com/24/03/37962205/gamestop-needs-to-get-its-game-back) - Focuses on reduced revenue, job cuts - Weak mention of GameStop posting a full-year profit of $6.7 million - Generally fair assessment of the struggles faced by GameStop - [GameStop Confirms More Layoffs, Share Price Tumbles After Sales Slide](https://www.gamespot.com/articles/gamestop-confirms-more-layoffs-share-price-tumbles-after-sales-slide/1100-6522189/) - Headline emphasizes job cuts, GME share price is down - Generally neutral article - Does mention GameStop's full-year profitability - [A Sales Slump Is the Kiss of Death for GameStop Stock](https://investorplace.com/2024/04/a-sales-slump-is-the-kiss-of-death-for-gamestop-stock/) - Entirely negative article, leans on the opinion of Michael Pachter - Fails to mention GameStop achieving full-year profitability - 'If you value your wealth, just stay away from GameStop stock.' - [GameStop saga ends. Winner: capital markets](https://www.reuters.com/breakingviews/gamestop-saga-ends-winner-capital-markets-2024-04-03/) - Entirely negative article, leans on the opinion of Michael Pachter - Focuses on GME share price being down - Fails to mention GameStop achieving full-year profitability - 'In this case, “shorts” were right... The meme army may have lost, but perhaps next time will be clearer-eyed.' - [GameStop Stock: Is This The End of a Saga Or Just Another Chapter?](https://www.thestreet.com/memestocks/gme/gamestop-stock-is-this-the-end-of-a-saga-or-just-another-chapter) - Despite any sentiment implied by the headline, this article provides a mostly neutral assessment of GameStop's circumstances - Mentions GameStop achieving full-year profitability Searching for recent news about GameStop yields mostly negative sentiment that fails to even mention at all that GameStop achieved full-year profitability for the first time in 6 years. Failing to mention this important detail is a deliberate decision that reveals a clear bias in the media. It goes beyond just reporting about true negative facts about GameStop. It demonstrates a deliberate effort, by those culpable writers and media outlets, to propagate a specific sentiment about the company that is not allowed to even mention contextually important true positive facts about the company. GameStop was profitable for the first time in 6 years - this is the news headline that captures the significance of GameStop's recent earnings report. Yet, an unassuming person who consumes mainstream financial media likely would not even learn about this important fact at all. Who would benefit from that? - - - - ### Ongoing financial conflict Why are there competing, mutually exclusive narratives? There are competing narratives because there are competing financial interests. One of the listed news articles, *[GameStop saga ends. Winner: capital markets](https://www.reuters.com/breakingviews/gamestop-saga-ends-winner-capital-markets-2024-04-03/)*, from Reuters, draws some attention to this ongoing conflict while declaring that the conflict is actually over and one side has won and one side has lost. GME shareholders that believe in the company turnaround and leadership, despite the real challenges faced by GameStop, have a vested financial interest in the success of the company, with a desire for the share price of GME to go up, and naturally will promote the narrative that supports this financial interest. In opposition to GME shareholders are all of the financial market participants that have a vested financial interest in the share price of GME going down. An example of such a participant would be any hedge fund that has a net short position on GME. The article refers to this faction as "shorts", recogonizing that such a faction with an interest does exist. Naturally, members of this faction will promote the narrative that supports their financial interest. If the prospect of GameStop's success was not an ongoing threat to one faction of incumbent market participants, then there would be no reason to deliberately omit the fact of GameStop's profitability, to pretend that it isn't something that even happened at all. Recognizing that there is an ongoing financial competition between factions that stand to benefit financially from a particular outcome of the GME share price, which faction benefits when most mainstream financial media articles propagate negative sentiment about GameStop and deliberately ignore the contextually significant fact that GameStop was profitable? It is clear: much of mainstream financial media is actively propagating biased narratives to the benefit of the faction that has a vested financial interest in the share price of GME going down. - - - - An interactive version of this article can be found at [gmetimeline.org/fy23-profitability](https://gmetimeline.org/fy23-profitability)

DRS Your GME jersan • 6 months ago • 100%

For the first 3 quarters of FY 2023, GameStop has posted a total net loss of $56.4 million. Therefore, in order to achieve full-year profitability, GameStop must achieve greater than $56.4 million in net profit for Q4 2023. This is certainly achievable, though not guaranteed. Something like a $100 million net gain for Q4 is possible, but not necessarily very likely. Therefore, in any case of full-year profitability, at best, the PE ratio for GME will almost certainly be above 100, but will more likely be in the several hundreds, or worse. By comparison, the average PE ratio for S&P500 is around 25. https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart Some PE ratios of other companies: - Microsoft: 37 - Apple: 26 - Nvidia: 213 - Amazon: 89 - Alphabet: 27 - Meta: 42 - Berkshire Hathaway: 10 TLDR: Full-year profitability will be a momentous achievement, but in almost all cases, GME would have a very high PE ratio. Over the following quarters / years, GameStop will still need to increase profits substantially in order to obtain a good PE ratio.

DRS Your GME jersan • 7 months ago • 100%

Breakdown of GameStop stores by Technology Brands stores versus Video Game Brands stores versus all International stores [Google Sheets Link](https://docs.google.com/spreadsheets/d/e/2PACX-1vT7n4mmCwtjREaCkJVUkHe_ujHBod7vGtEB5iI_kbYToT5dU9cQSq-d3XO2PuFEZ64GCuU70jVayE0R/pubchart?oid=2015565720&format=interactive)

DRS Your GME jersan • 7 months ago • 95%

And for fun, GameStop Net Income Per Store  - - - - | Fiscal Year | Revenue | Net Income | Store Count | Revenue Per Store | Net Income Per Store | 10-K | |-------------|----------------|---------------|-------------|-------------------|----------------------|------| | 2005 | $3,091,783,000 | $100,784,000 | 4490 | $688,593.10 | $22,446.33 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095013406006576/d34677e10vk.htm)| | 2006 | $5,318,900,000 | $158,250,000 | 4778 | $1,113,206.36 | $33,120.55 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095013407007555/d45113e10vk.htm)| | 2007 | $7,093,962,000 | $288,291,000 | 5264 | $1,347,637.16 | $54,766.53 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095013408005892/d55358e10vk.htm)| | 2008 | $8,805,897,000 | $398,282,000 | 6207 | $1,418,704.20 | $64,166.59 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095013409006730/d66430e10vk.htm)| | 2009 | $9,077,997,000 | $377,265,000 | 6450 | $1,407,441.40 | $58,490.70 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095012310030164/d70778e10vk.htm)| | 2010 | $9,473,700,000 | $408,000,000 | 6670 | $1,420,344.83 | $61,169.42 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095012311030842/d80233e10vk.htm)| | 2011 | $9,550,500,000 | $339,900,000 | 6683 | $1,429,073.77 | $50,860.39 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000119312512134615/d283661d10k.htm)| | 2012 | $8,886,700,000 | -$269,700,000 | 6602 | $1,346,061.80 | $40,851.26 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000119312513140443/d469015d10k.htm)| | 2013 | $9,039,500,000 | $354,200,000 | 6675 | $1,354,232.21 | $53,063.67 | [link ](https://gamestop.gcs-web.com/static-files/3eb3d63d-81ac-484b-a131-ed7ab2d0ecaa)| | 2014 | $9,296,000,000 | $393,100,000 | 6690 | $1,389,536.62 | $58,759.34 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638015000078/form10k-fy14.htm)| | 2015 | $9,363,800,000 | $402,800,000 | 7117 | $1,315,694.82 | $56,596.88 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638016000323/a10ka-fy15q4.htm)| | 2016 | $8,607,900,000 | $353,200,000 | 7535 | $1,142,388.85 | $46,874.59 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638017000046/a10k-fy16q4.htm)| | 2017 | $9,224,600,000 | $34,700,000 | 7276 | $1,267,811.98 | $4,769.10 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638018000033/a10k-fy17q4.htm)| | 2018 | $8,285,300,000 | -$673,000,000 | 5830 | $1,421,149.23 | $115,437.39 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638019000052/a10k-fy18q4.htm)| | 2019 | $6,466,000,000 | -$470,900,000 | 5509 | $1,173,715.74 | $85,478.31 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638020000022/a10k-fy19q4.htm)| | 2020 | $5,089,800,000 | -$215,300,000 | 4816 | $1,056,852.16 | $44,705.15 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638021000032/gme-20210130.htm)| | 2021 | $6,010,700,000 | -$381,300,000 | 4573 | $1,314,388.80 | $83,380.71 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638022000021/gme-20220129.htm)| | 2022 | $5,927,200,000 | -$313,100,000 | 4413 | $1,343,122.59 | $70,949.47 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638023000019/gme-20230128.htm)|

DRS Your GME jersan • 7 months ago • 95%

| Fiscal Year | Revenue | Net Income | Store Count | Revenue Per Store | Net Income Per Store | 10-K | |-------------|----------------|---------------|-------------|-------------------|----------------------|------| | 2005 | $3,091,783,000 | $100,784,000 | 4490 | $688,593.10 | $22,446.33 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095013406006576/d34677e10vk.htm)| | 2006 | $5,318,900,000 | $158,250,000 | 4778 | $1,113,206.36 | $33,120.55 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095013407007555/d45113e10vk.htm)| | 2007 | $7,093,962,000 | $288,291,000 | 5264 | $1,347,637.16 | $54,766.53 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095013408005892/d55358e10vk.htm)| | 2008 | $8,805,897,000 | $398,282,000 | 6207 | $1,418,704.20 | $64,166.59 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095013409006730/d66430e10vk.htm)| | 2009 | $9,077,997,000 | $377,265,000 | 6450 | $1,407,441.40 | $58,490.70 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095012310030164/d70778e10vk.htm)| | 2010 | $9,473,700,000 | $408,000,000 | 6670 | $1,420,344.83 | $61,169.42 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000095012311030842/d80233e10vk.htm)| | 2011 | $9,550,500,000 | $339,900,000 | 6683 | $1,429,073.77 | $50,860.39 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000119312512134615/d283661d10k.htm)| | 2012 | $8,886,700,000 | -$269,700,000 | 6602 | $1,346,061.80 | $40,851.26 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000119312513140443/d469015d10k.htm)| | 2013 | $9,039,500,000 | $354,200,000 | 6675 | $1,354,232.21 | $53,063.67 | [link ](https://gamestop.gcs-web.com/static-files/3eb3d63d-81ac-484b-a131-ed7ab2d0ecaa)| | 2014 | $9,296,000,000 | $393,100,000 | 6690 | $1,389,536.62 | $58,759.34 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638015000078/form10k-fy14.htm)| | 2015 | $9,363,800,000 | $402,800,000 | 7117 | $1,315,694.82 | $56,596.88 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638016000323/a10ka-fy15q4.htm)| | 2016 | $8,607,900,000 | $353,200,000 | 7535 | $1,142,388.85 | $46,874.59 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638017000046/a10k-fy16q4.htm)| | 2017 | $9,224,600,000 | $34,700,000 | 7276 | $1,267,811.98 | $4,769.10 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638018000033/a10k-fy17q4.htm)| | 2018 | $8,285,300,000 | -$673,000,000 | 5830 | $1,421,149.23 | $115,437.39 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638019000052/a10k-fy18q4.htm)| | 2019 | $6,466,000,000 | -$470,900,000 | 5509 | $1,173,715.74 | $85,478.31 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638020000022/a10k-fy19q4.htm)| | 2020 | $5,089,800,000 | -$215,300,000 | 4816 | $1,056,852.16 | $44,705.15 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638021000032/gme-20210130.htm)| | 2021 | $6,010,700,000 | -$381,300,000 | 4573 | $1,314,388.80 | $83,380.71 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638022000021/gme-20220129.htm)| | 2022 | $5,927,200,000 | -$313,100,000 | 4413 | $1,343,122.59 | $70,949.47 | [link ](https://www.sec.gov/Archives/edgar/data/1326380/000132638023000019/gme-20230128.htm)|

DRS Your GME jersan • 7 months ago • 94%

As many are aware, the SEC recently published Incoming [No-Action Requests Under Exchange Act Rule 14a-8](https://www.sec.gov/corpfin/shareholder-proposals-incoming?), and there were several shareholder proposals submitted by GME shareholders that were rejected by the company that were published there. There have already been a few discussions of these proposals on Reddit and on X and on Discord at least. Some of the discussions about the rejected proposals have been nothing but negative and cynical and even disparaging towards those shareholders that submitted proposals. So I just wanted to make this post to express some gratitude towards those shareholders that submitted a proposal, despite that GameStop rejected them. It's really easy to criticize. It's very easy to sit behind a keyboard and put other people down while otherwise contributing nothing. It takes almost no effort to do this. It's hard to build things, it's much easier to destroy things. Those shareholders that submitted proposals are the types of people that are builders. They are activists. They are building and advancing our collective knowledge. Some other people are not builders. They are destroyers. They revel when the builders struggle. They celebrate when the builders face setbacks. They scorn and shame the builders for having tried at all. I sincerely appreciate the efforts of any shareholder that took the time and energy to submit a proposal, any proposal at all, even if it gets rejected. Every little thing that GME shareholders do that produces additional knowledge is beneficial overall to all shareholders. Some parties out there in the world that are in opposition to GME shareholders don't like this. They don't like it when GME shareholders get loud and get active. They would much prefer it if we would all just shut up and go away and forget GameStop. That's not going to happen. I for one am not going anywhere. 🍻

DRS Your GME jersan • 8 months ago • 96%

The last time GameStop posted positive full-year earnings was in 2017. There has been a fair amount of talk of GameStop posting full-year profitability for the 2023 fiscal year, which is definitely within reach, but not guaranteed. If GameStop posts full year earnings for FY23, it will be the first time in 6 years. It will be a momentous occasion! It will also demonstrate that the prevailing sentiment put out by mainstream media doesn't reconcile with the reality that this company is not the loser that they want the world to think it is.

DRS Your GME jersan • 8 months ago • 96%

#### December 6, 2023: GameStop reports 2023 Q3 quarterly results - [Earnings Release](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-discloses-third-quarter-2023-results) - [10-Q](https://gamestop.gcs-web.com/sec-filings/sec-filing/10-q/0001326380-23-000063) - - - - ### Net loss of $3.1 million for the quarter - - - - All of the information in this diagram is derived from this section of the 10-Q:  - - - - [Earnings discussion thread (December 6, 2023)](https://lemmy.whynotdrs.org/post/480013)

DRS Your GME jersan • 8 months ago • 96%

TLDR: - CNBC is financial propaganda designed to further the interests of its owners. - [CNBC is owned by Comcast, which is 88% owned by institutions (Wall Street)](https://lemmy.whynotdrs.org/post/408629) - The owners of CNBC is Wall Street, and [what Wall Street wants is more money and power for themselves and less for everybody else](https://lemmy.whynotdrs.org/post/365982). - When a person watches CNBC, they are consuming information designed to take money out of their pocket and put it into Wall Street's pocket. - #### The purpose of CNBC (and other financial propaganda outlets) is to help Wall Street get more money and power for themselves and less for everybody else. - - - - I recently saw [this post](https://lemmy.whynotdrs.org/post/641291) and it made me curious to see how Upstart has fared since that CNBC interview was originally aired. the original video clip appears to be [from an October 15, 2021 CNBC interview with a guest by the name of Mark Minervini.](https://www.cnbc.com/video/2021/10/15/divergence-between-stocks-inside-the-stock-markets-minervini-says.html) If you go to that CNBC link to view the clip, you will not find the part where Mark Minervini reveals that he has no idea what Upstart Holdings even does, this part has been conveniently removed. [Wikipedia says](https://en.wikipedia.org/wiki/Upstart_Holdings): "Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness. " By matter of pure coincidence, October 15, 2021, the same day that the original CNBC interview aired, was also the same day that Upstart Holdings was at an all time high market valuation.  So, recap: - in late 2020, some company that nobody has ever heard of called Upstart Holdings, ticker UPST, that performs some vague "AI lending platform", does an IPO - UPST rises from IPO all the way until October 2021. - October 15, 2021, wall street finance propaganda channel CNBC gets some stooge to sit in front of a camera and shill for some ticker that he doesn't even know what it is. "Upstart is up about 25 percent just in four days, that's a good looking name. Very powerful, very strong earnings, " this is the type of great due diligence that CNBC has to offer here. It's a great stock because it's up and up is good. Put your money in now, because stock goes up. - (the movie The Big Short draws attention to this [concept of "Hot Hands"](https://www.youtube.com/watch?v=Pxr_FzpPM2Q) that is a bias that people have: "people think whatever is happening now is going to continue to happen into the future") - October 15, 2021, to present: UPST is down more than 90% since CNBC was pumping it. - - - - #### Who owns CNBC? [CNBC is owned by Comcast, which is 88% owned by institutions (Wall Street)](https://lemmy.whynotdrs.org/post/408629) #### What is CNBC's purpose? The purpose of CNBC is the same purpose any propaganda machine. Wikipedia provides this handy definition of [propaganda](https://en.wikipedia.org/wiki/Propaganda), emphasis mine: > Propaganda is communication that is primarily used to **influence or persuade an audience** to further an agenda, which may not be objective and may be selectively presenting facts to **encourage a particular synthesis or perception**, or using **loaded language** to produce an **emotional rather than a rational response** to the information that is being presented. Propaganda can be found in a wide variety of different contexts. Propaganda is the art of manipulating the perception of the target audience using a variety of lies, deceptions, and omissions of information. It has been famously said that **all warfare is based on deception.** For example in the context of a war, propaganda can be used to motivate your own troops by selling a perception of strength and success, and it can be used to demoralize your opponent's troops by selling a perception of weakness and defeat. In war, propaganda is simply a tool used to help the war-interests of the party that is utilizing the propaganda. It's the same in the world of finance. Financial propaganda is designed to manipulate perceptions so that the person or party that is doing the manipulating may somehow benefit. The owner of a propaganda machine like CNBC deploys the art of deception and the outcome is that the audience that consumes it subsequently hands over their hard earned money **willingly** and places it into the possession of that same propaganda owner. The victim is led to believe that the information they consumed was a hot tip that might help them make some more money, but of course it was actually just a trap that took their money and gave it to Wall Street in stead.

DRS Your GME jersan • 8 months ago • 96%

This is a December 2023 updated version of [this chart which was previously posted](https://lemmy.whynotdrs.org/post/425940). - [Original chart by visualcapitalist.com November 2020](https://www.visualcapitalist.com/50-years-gaming-history-revenue-stream/) - [Updated chart by visualcapitalist.com December 2023](https://www.visualcapitalist.com/video-game-industry-revenues-by-platform/) - - - - This is a chart that shows information that is relevant to the interests of GME investors. What is once again glaringly obvious is that mobile is the largest and growing area of video gaming revenue. As it seems that [GameStop is disengaging from web3 related ventures](https://lemmy.whynotdrs.org/post/631846), in order to grow and succeed, GameStop will need to find reliable revenue streams. How could a company like GameStop get a cut of that mobile gaming revenue?

DRS Your GME jersan • 8 months ago • 88%

TLDR: the terms "Book" and "Plan" continue to be deliberately confused, in places of significance, and this is why it's important to continuously reiterate the simple true statement that ### **[ 📢 plan is not DRS](https://lemmy.whynotdrs.org/post/487756)**. - - - - Somebody makes a post in superstonk that makes reference to the distinction that plan is not DRS. In response to this, [superstonk mods reply and pin to the top of that post](https://www.reddit.com/r/Superstonk/comments/196ojws/comment/khv8b4a/?utm_source=share&utm_medium=web2x&context=3) a template message over 600 words in length that would confuse somebody who didn't know better about the plain indisputable reality that **Plan is not DRS**. ["Plan versus Book" is a misnomer](https://lemmy.whynotdrs.org/post/575406) because all electronic shares are book-entry shares. This includes Plan (aka DSPP aka DirectStock) shares and DRS shares. It only takes 4 words to reiterate the correct truth of this distinction, the distinction being that **plan is not DRS**, but for some reason this is something that continues to be deliberately confused to this very day in 2024 by people that have authority over the largest online community of GME investors. The messaging by moderators of the largest GME community has consistently been deliberately confusing and misleading, and will lead to the outcome where uninformed individuals will have an incorrect view about what is DRS and what is not DRS. Who benefits from this? Why do the unelected, unaccountable moderators of the largest online GME community continue to perpetrate a misleading view about something that is now so plainly indisputable? - - - - A brief history of "plan versus book": - November 19, 2022 - Ryan Cohen tweets: ["I also want to be the book king!"](https://twitter.com/ryancohen/status/1593989511171784705) - "Plan versus book" enters the conscious awareness of superstonk, and thousands of people start discussing this. - Superstonk mods, slowly but surely, from Nov 2022 to January 2023, put a damper on these conversations while at the same time injecting their own several-hundred-word-deliberately-confusing message into these threads and pinning that message to the top so that everyone has to see what they want everyone to see, above what the community is talking about. "HEY OP. IT LOOKS LIKE YOU WANT TO TALK ABOUT PLAN AND BOOK. PREPARE YOURSELF FOR 600 WORDS OF PURE CONFUSION" - By January / February of 2023, [threads about "plan versus book" disappear from superstonk](https://lemmy.whynotdrs.org/post/4182). On odd occasion a post about this topic would come up, and get removed with a justification like "this post was removed because we already had to moderate this kind of content before!" - if the objective was to prevent further discussion of the distinction between plan shares and DRS shares, it was successful. - in April 2023, a post is made in a different subreddit, r/DRSyourGME, that re-ignites the discussion about this topic that was successfully silenced up to that point - superstonk mods tried hard to censor this topic and remove any and all mentions of what was being discussed over in r/DRSyourGME. But, their attempts at censorship failed. - uh oh.  the truth is leaking beyond superstonk's walls. Can't have that. [superstonk mods publicly denounce](https://www.reddit.com/r/Superstonk/comments/145j69y/fireside_chat_692023_on_the_topic_of_doxxing_and/?sort=top) the folks from the r/DRSyourGME subreddit and accuse them of acting inappropriately. - Reddit decides to [ban the subreddit](https://lemmy.whynotdrs.org/post/4183). - June 2023 to early December 2023 - "plan versus book" once again disappears from the conscious awareness of the largest GME community. - [December 2023](https://lemmy.whynotdrs.org/post/494562) - in a [live X spaces earnings call for GME Q3 earnings on December 6](https://twitter.com/Badmojo6969/status/1732501802208084073), an important conversation takes place that once again draws attention to the existence of the distinction between DRS and DSPP. It is once again re-iterated that DSPP is not DRS. - December 8: [Why are DRS numbers stagnant? Exploring the possibilities ... Plan is not DRS](https://lemmy.whynotdrs.org/post/487756) - post by Chives - December 9: that post is then [posted to r/GME](https://www.reddit.com/r/GME/comments/18ekym1/crosspost_from_lemmy_why_are_drs_numbers_stagnant/) - Why is this important distinction being talked about by GME investors but not in the biggest GME investor subreddit? - Apparently, the effort to continue censoring is waning. By whichever reasoning, perhaps out of the self-interested understanding that continuing to censor the topic leads to suspicion, superstonk mods relent and so graciously [permit a post about this to exist](https://lemmy.whynotdrs.org/post/544168). - December 22: [Plan is not DRS](https://www.reddit.com/r/Superstonk/comments/18onddp/plan_is_not_drs/) - a post is made by jackofspades123 based on the original post by Chives. - December 22, 2023, to present: After over an entire year of this, the effort to confuse and silence discussions about the distinction between plan and DRS have failed. Censorship is no longer a viable method of information control on this topic. Time to switch gears back towards propagating and pinning a template comment that deliberately confuses the words plan and book, while continuing to ignore the important thing that plan is not DRS. - any new GME investor that is interested in DRS that gets exposed to this misleading information risks having their shares enrolled in a plan, even though what they were really seeking was DRS. - - - - ### Who benefits if people are misled or misinformed about the distinction that plan is not DRS? I don't necessarily know who benefits, but I know for certain that individuals seeking to inform themselves about DRS *do not* benefit when what they actually end up consuming is misinformation.

DRS Your GME jersan • 8 months ago • 100%

January 6, 2022: [GameStop Plans to Launch an NFT Marketplace](https://www.bloomberg.com/news/articles/2022-01-06/gamestop-plans-to-launch-nft-marketplace-in-turnaround-push) ----- February 3, 2022: ### [GameStop Forms Partnership with Immutable X](https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x) The partnership establishes an up to $100 million fund in Immutable X’s IMX tokens, which the parties intend to use for grants to creators of non-fungible token (“NFT”) content and technology. Immutable X will also become a layer-2 partner and platform for GameStop and the Company’s NFT marketplace that is expected to launch later this year. ----- March 23, 2022: - ### [GameStop NFT Marketplace, powered by Loopring L2](https://medium.com/loopring-protocol/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937) - [Loopring Announces GameStop NFT Beta Launch, Built on LRC L2, Live Now](https://www.gmedd.com/dd/loopring-announces-gamestop-nft-beta-launch-built-on-lrc-l2/) ----- May 23, 2022: - ### [GameStop Launches Wallet for Cryptocurrencies and NFTs](https://news.gamestop.com/news-releases/news-release-details/gamestop-launches-wallet-cryptocurrencies-and-nfts) - [GameStop Launches Wallet for Cryptocurrencies and NFTs](https://www.bloomberg.com/news/articles/2022-05-23/gamestop-launches-wallet-for-crytpocurrencies-and-nfts) ----- July 11, 2022: ### [GameStop Launches NFT Marketplace](https://news.gamestop.com/news-releases/news-release-details/gamestop-launches-nft-marketplace) GameStop announced that it has launched its non-fungible token (“NFT”) marketplace to allow gamers, creators, collectors and other community members to buy, sell and trade NFTs. ----- August 30, 2022: [GameStop releases first set of GMERICA NFTs.](https://twitter.com/GameStopNFT/status/1564210253562056708?t=A3oKFTFQANoqbev8rpIdMQ) ----- September 7, 2022: #### [GameStop Forms Partnership with FTX](https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-ftx) ----- November 11, 2022: #### GameStop ends partnership with FTX after FTX collapse. [GameStop is winding down its relationship and pilot gift card marketing partnership with FTX.US and will be providing full refunds to impacted customers. Please reach out to customer service if you purchased a gift card.](https://twitter.com/GameStop/status/1591177707123081232?t=lgIYuNxUmg2OK7xNEiVNZQ) - [Sept 7 to Nov 11, 2022 – GameStop's brief relationship with FTX](https://lemmy.whynotdrs.org/post/363519) ---- March 29, 2023: [GameStop creates second set of GMERICA NFTs.](https://twitter.com/GameStopNFT/status/1641123210442817549) ---- June 1, 2023: [Telos Announces Strategic Collaboration with GameStop to Expand Web3 Gaming](https://finance.yahoo.com/news/telos-announces-strategic-collaboration-gamestop-110000907.html) ---- - June 21, 2023: [Have you heard the news? GameStop Playr will be powered by @elixir_launcher!](https://twitter.com/GameStopNFT/status/1671610024869736448) - June 26, 2023: [GameStop Playr – Elixir and GameStop Partner to Create a New Web3 Gaming Era](https://egamers.io/gamestop-playr-elixir-and-gamestop-partner-to-create-a-new-web3-gaming-era/) - July 22, 2023: #### [Elixir Games to Power GameStop Playr Platform](https://blog.elixir.app/elixir-games-to-power-gamestop-playr-platform/) - - - - August 2, 2023: #### [GameStop (GME) Wallet shutting down as company cites 'regulatory uncertainty of the crypto space'](https://www.shacknews.com/article/136499/gme-gamestop-wallet-shutting-down) - - - - November 1, 2023: Wallet support ended. - - - - January 12, 2024: #### [FYI: GameStop NFT Marketplace winding down on February 2nd, 2024.](https://www.reddit.com/r/Superstonk/comments/194y5fw/fyi_gamestop_nft_marketplace_winding_down_on/) - - - - January 13, 2024 - [GameStop axes its short-lived NFT marketplace as it retreats from crypto](https://finance.yahoo.com/news/gamestop-axes-its-short-lived-nft-marketplace-as-it-retreats-from-crypto-215911813.html) - [GameStop is pulling out of the NFT game.](https://www.theverge.com/2024/1/13/24037045/gamestop-is-pulling-out-of-the-nft-game) ----- February 2, 2024: GameStop NFT Marketplace to shut down.

DRS Your GME jersan • 8 months ago • 100%

On March 31, 2023, Citadel Advisors LLC produced [an information brochure](https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=842328) that contains some interesting information. Oddly, it wasn't until around October 2023 when this document was discovered and [posted on reddit](https://www.reddit.com/r/Superstonk/comments/17iq1d4/citadel_advisors_llc_on_meme_stocks_shorts_short/?sort=top). This post goes through the document at some length. ---- There are a bunch of different interesting things that are found in the information brochure. For example, under the section titled **Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss - General Risks**: > ### Short Positions > A short sale of an investment instrument entails the risk of **an unlimited risk of loss** as there is no limit on how much the market price of that investment instrument may increase before the short position is closed. As a result, short sales can result in significant losses to a Fund. > ...purchasing investment instruments to close out a short position in such investment instruments can itself cause the price of the investment instrument to rise further, increasing losses. > Risks of short selling are increased by actions aimed at creating “short squeezes” (e.g., increasing the price of specific securities for which there are known or perceived substantial short positions across the market, resulting in short sellers closing out their short positions in such securities at the demand of lenders or to curb further potential losses, which, in turn, further increases the price of the specific securities). **Hedge funds that trade securities that are considered “meme stocks” may be particularly prone to short squeezes related to such stocks.** ----- Citadel basically confirms things that GME investors have been speculating about for a while. I assume that the purpose of Citadel producing this brochure is for legal liability reasons. When they say it, it's just good business. But when GME investors talk about it, we're called all kinds of derogatory words that insinuate we lack intelligence and knowledge and that we're delusional. The writing is on the wall.

DRS Your GME jersan • 9 months ago • 100%

www.businessinsider.com

This article is based on this original report by [Apollo Research](https://www.apolloresearch.ai/). [Technical Report: Large Language Models can Strategically Deceive their Users when Put Under Pressure](https://arxiv.org/pdf/2311.07590.pdf) from the abstract: "Within this environment, the [AI model] obtains an insider tip about a lucrative stock trade and acts upon it despite knowing that insider trading is disapproved of by company management. When reporting to its manager, the [AI model] consistently hides the genuine reasons behind its trading decision." - - - - "Apollo Research is a fiscally sponsored project of [Rethink Priorities](https://projects.propublica.org/nonprofits/organizations/843896318)" - - - - businessinsider article [archive.org paywall bypass](https://web.archive.org/web/20240101093216/https://www.businessinsider.com/ai-deceive-users-insider-trading-study-gpt-2023-12) TLDR: - Researchers created an AI stock trader to see if it would engage in insider trading under pressure. - They found the AI did — and also lied to its hypothetical manager about why it made its decision. - The AI had been told that insider trading was illegal.

DRS Your GME jersan • 9 months ago • 94%

Recently there have been some great discussions about the important distinction between Plan shares (aka DirectStock aka DSPP), and DRS shares. - - - - ## Plan is not DRS. - [Why are DRS numbers stagnant? Exploring the possibilities ... Plan is not DRS](https://lemmy.whynotdrs.org/post/487756) - post by Chives on December 8 - [Plan is not DRS](https://www.reddit.com/r/Superstonk/comments/18onddp/plan_is_not_drs/) - post on superstonk on December 22 by jackofspades123 based on the original post by Chives. Regarding the distinction between Plan shares (not DRS) and DRS shares, the term "plan versus book" (or "book versus plan") is a term often used to refer to this. In the context of holding DRSd shares of GME with Computershare, if your shares are DRS shares, it will show as 'Book' under share type, and if your shares are in Plan (not DRS), it will show as 'Plan holdings' under Share Type.  This is likely the original source of the term "Plan versus Book", to address the distinction between these two types of holdings in a Computershare account. - - - - ## "Plan versus Book" is a misnomer. "Book" means [Book-Entry (or Paperless) Securities](https://www.investopedia.com/terms/b/bookentrysecurities.asp). "Book-entry securities are investments such as stocks and bonds whose ownership is recorded electronically." That's it. The following are examples of book-entry securities: - shares of GME in a brokerage account - shares of GME in DSPP / Plan through Computershare - shares of GME in DRS. All of these types of holding are recorded electronically and they are all book-entry. So, when the term "Plan versus Book" is used, it is a misnomer because plan shares are book-entry shares, and "Book", usually intended to refer to "pure DRS" in this context, also just means book-entry shares. Both types are book-entry, but they are not both DRS. - - - - TLDR: ## "Plan versus DRS" is more accurate "Plan versus DRS" is a term that more accurately refers to the distinction of shares held in Plan (book-entry, not DRS) and shares held in DRS (book-entry, DRS).

DRS Your GME jersan • 9 months ago • 100%

Inflation is a serious issue that is affecting practically everybody in some way or another. On numerous occasions Ryan Cohen has publicly commented (tweeted) on the issue of inflation and its causes. - - - - ## Ryan Cohen on inflation - [February 9, 2022:](https://twitter.com/ryancohen/status/1491608576175099908) "Who will be the piñata for all this inflation? 🤨" - [February 11, 2022:](https://twitter.com/ryancohen/status/1492254050661847044) "The reverberations of fiscal and monetary policy are likely to be more severe to humans than any climate or societal disaster 💀" - [March 31, 2022:](https://twitter.com/ryancohen/status/1509582599878029322) (indirectly related to inflation) "gas prices are outrageous. Wonder if BCG has a view…" - [April 20, 2022](https://twitter.com/ryancohen/status/1516962826962698241) "Fed prints 80% of all dollars in existence since 2020. Causes record inflation. Damn it Russia" - [April 21, 2022:](https://twitter.com/ryancohen/status/1517324363351035904) "Party extremism and divisiveness, deglobalization, civil unrest and inflation are byproducts of govts printing huge sums of money" - [May 11, 2022:](https://twitter.com/ryancohen/status/1524470193157779458) "I’m really upset with Putin for causing all this inflation" - [June 10, 2022 ](https://twitter.com/ryancohen/status/1535247081249595392) Poll: "Did coronavirus lockdowns and economic stimulus spark inflation?" - [June 17, 2022](https://twitter.com/ryancohen/status/1537744455867981824) "Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man" - [June 27, 2022](https://twitter.com/ryancohen/status/1541556841133445120) "Wall Street charges lofty fees, doesn’t risk its own money, consistently underperforms and wins regardless of how the economy does. Meanwhile, Main Street faces inflation and a growing wealth gap. What’s the solution?" - [August 10, 2022](https://twitter.com/ryancohen/status/1557541659323248640) "if we print a few trillion more, it should bring inflation down #taxtherich #wealthtax" - [October 11, 2022](https://twitter.com/ryancohen/status/1579973046206894081) "Low interest rates may prove to be like easy sex — tempting but possibly fatal" - [December 30, 2022](https://twitter.com/ryancohen/status/1608920756100141057) "Has inflation cured the land from covid?" - [May 2, 2023](https://twitter.com/ryancohen/status/1653455058745294854) "The Fed may have to choose between fighting inflation or bank contagion" - [October 25, 2023](https://twitter.com/ryancohen/status/1717337273262313603?s=46&t=1kgf16QwDp2Ydp9mdZLBYw) “The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.” -- Ludwig von Mises

DRS Your GME jersan • 9 months ago • 94%

www.businessinsider.com

[businessinsider.com - JPMorgan employees describe growing 'paranoia' as the company tracks their office attendance, calls, calendars, and more — with one worker even installing a 'mouse jiggler' to evade 'Big Brother' - May 16, 2023](https://www.businessinsider.com/jpmorgan-chase-employees-describe-fear-mass-workplace-data-surveillance-wadu-2022-5) There was also a related post on Reddit on May 13, 2023, titled: [A warning for anyone working at or thinking about working at JPMorgan Chase & Co.](https://archive.is/oMbXp), an incredible and horrifying read. The original post was eventually removed for some reason but was archived. These posts go into detail about a program at JPMorgan called WADU, an acronym for Workforce Activity Data Utility. TLDR of WADU: WADU is an artificial intelligence & machine learning system for workforce human behavior. It is part of a surveillance system that monitors everything that employees are doing at all times, analyzes things like facial expressions to produce bio-metrics such as attention/focus and stress. "Upper management pushes a narrative that all this surveillance is required to safeguard the firm against insider threats. While that may be partially true, the main reason is to train and refine the AI/ML system. They want every employee profile to be as accurate and as detailed as possible." - - - - This article and that reddit post provide valuable insight into the kinds of surveillance methods and capabilities currently being used by powerful institutions such as [JPMorgan Chase, the largest bank in the world](https://en.wikipedia.org/wiki/JPMorgan_Chase). This is the kind of information collecting (surveillance) and processing (AI/ML) that this company is using against it's own employees, for the purpose of maximizing productivity and knowing as much as absolutely possible, to an absurd unfathomable degree, of each and every employee. It's a demonstration of the sort of incredible but paranoid nature of highly intelligent information systems owned by large, powerful institutions. I wonder what other surveillance and intelligence capabilities that entities such as JPMorgan or other similar kinds of institutions (e.g. Citadel) might have, for tracking people, for tracking all kinds of information. I have to imagine that they possess other similar incredible intelligence capabilities in other areas. For example, monitoring the entire social media landscape to assess emotional sentiment, to use this data in order to better position themselves with access to all kinds of different data sources, to basically try and produce a nearly omniscient view of the entire market and economy of everything in the entire world, where the money is moving, who is moving it, who holds what, etc. etc. Just incredible tools to give them access to a view of information that gives them a competitive advantage over competitors that might not have such sophisticated intelligence capabilities. - - - - In the context of DRS GME, I think this is important. GME is a unique stock of the idiosyncratic risk variety, something that poses a threat to a multitude of incumbent financial players and maybe even the financial system itself to some degree. If this is a view that is held seriously by some group or faction out there (e.g. GME investors), a view that that faction is aware of, the implications of it being so large, then it is hard to believe that the incumbent major players are not aware of the intricacies of this situation, players that possess incredible intelligent capabilities, such as JPMorgan Chase and other large banks, Citadel Securities and other market makers, Fidelity Investments and other huge brokerages / financial services companies, etc. For example just consider Fidelity. Fidelity we know lead an investment round into Reddit in summer of 2021, some number of months after the sneeze of January 2021, perhaps around the same time that everyone was being told to Forget GameStop. This was also around the time when superstonk, on Reddit, was the preeminent social media location for GME investors, investors of the stock of the idiosyncratic risk variety. Fidelity is also a major stock broker and [has demonstrated awareness and contempt of DRS GME investors](https://lemmy.whynotdrs.org/post/4181). As a large brokerage they would have access to all of the information of how much GME is being bought and sold at any given moment in time, and how many DRS requests are being sent per day, how many DRS shares per day, etc. They would be able to plot all of their live direct trading and DRS request information that they have in house, and measure it against sentiment on reddit in places like superstonk. As Reddit investors, they could potentially have access to large amounts of valuable information in Reddit about user behavior, sentiment, etc., on any given day. I suspect that Fidelity has the ability to track DRS GME information to a more accurate degree than was being tracked by the GME investment community, for example with computershared.net at the time using data pulled from superstonk and other subreddits. I suspect that Fidelity's data models probably provided the view that, based on the changing rate of DRS, etc., over time, from late 2021, through 2022, until now, that the total amount of shares of GME that would get DRS'd would slow down and stagnate around 25% of shares outstanding. I have to imagine that they are tracking this valuable and worthwhile information for the same reason that GME investors are tracking it, because it is meaningful and important. And if they are tracking it, then I have to imagine that their ability to do so is very great. If they knew of the impending stagnation, then others would know too. And this information would all be worthwhile to be used to maximize the effectiveness of maintaining their own positions, as well helping them to stay in control of the narrative, and whatever other ways they might use such information to their benefit. TLDR: The DRS GME situation is very peculiar, and if we know all about it, then they know all about it. Any incumbent that knows about it is going to be doing whatever they can do to protect themselves from exposure to liability.

DRS Your GME jersan • 9 months ago • 96%

theconversation.com

This article: [ theconversation.com - How ordinary people are convinced to become spies](https://theconversation.com/how-ordinary-people-are-convinced-to-become-spies-166688) describes a concept known as MICE, an acronym for **Money, Ideology, Coercion, and Ego** Another [definition](https://thecyberwire.com/glossary/mice) is as follows: ### MICE > A mnemonic device used in counterintelligence training to remind trainees of the four general motivations that could lead someone to commit treason, become an insider threat, or collaborate with a hostile agency or organization. In other words, 4 methods by which a person can be motivated to change their actions, or 4 weaknesses that can make a person vulnerable to being corrupted. **The 4 main motivators** - **Money**- E.g. a person in debt or poverty might be more vulnerable to being motivated to do something for an offer of money. - **Ideology**- from the article: "Some people are willing to risk life and limb for their beliefs." - **Coercion**- a person can have leverage used against them - **Ego**- from the article: "For some, espionage is an opportunity to secretly manipulate people around them and to prove their superiority." - - - - I'm posting this here in sort of a similar spirit as this post: [COINTELPRO Techniques for dilution, misdirection and control of a internet forum](https://lemmy.whynotdrs.org/post/4478). I think the MICE concept is useful in the context of understanding human behavior in terms of corrupt acts, a person doings things that contradict what they apparently stand for. Although it seems to be a term that came from the intelligence community, I think it is useful in any context of human corruption. For example, how a politician or a judge might get corrupted. Or how people working in the media or other relevant industries might become corrupted. Financial actors with loads of money can and will find opportunities where they can: insiders at companies that could provide them with inside information, insiders at media organization that can help them control the narrative, insiders in political offices to help them write the rules, and so on. For reasons that can mostly be reduced to these 4 motivators, [as per Wikipedia](https://en.wikipedia.org/wiki/Corruption), "corruption and crime are endemic sociological occurrences which appear with regular frequency in virtually all countries on a global scale in varying degrees and proportions."

The PPShow jersan • 9 months ago • 88%

https://youtu.be/9GCGn_STx-o?t=7932 The following is a transcript lightly edited for improved readability. - - - - ### Bill Pulte: Larry, maybe you could just say hi to everyone, and then, you know, you were the first money in Chewy, which I think is now, what, a 12 or 20 billion dollar company? Maybe you could just walk us through how you worked with Ryan Cohen, what you saw in him that did it, and then we'll get in to your multi billion dollar fund after that. ### Larry Cheng: Sure, yea, I was the first investor to meet with Ryan in person, I think that was back in 2012, I ultimately invested in the company on behalf of Volition in 2013. We invested 15 million dollars in Chewy series A as the first institutional investor in the company. ### Pulte: Let's go! Can I ask how much that 15 million turned in to? Is that public, or no? ### Larry Cheng: It's not, but, hundreds of millions I would say. ### Pulte: Everybody is cheering for you. ### Larry Cheng: Alright! I remember the first meeting with Ryan, and my first impression of him was, he said he would spend every night reading the reviews on the site, of Chewy, and if there were any issues with anyone who was unhappy, he would personally go take the lead and try to and figure out to resolve issues, and right then and there I knew he was, as customer centric, as focused on customer delight, as anyone from a first impression perspective, but that only grew over the years that I've gotten to know him. So yea, we invested in the company, it was a huge success obviously, and Ryan is a generational entrepreneur. ### Pulte: And, how old are you Larry, cause I didn't look it up but you look young as hell. ### Larry Cheng: 48 ### Pulte: 48, wow, you look good at 48. So, 48, and you got, how big is your fund now, a couple billion? ### Larry Cheng: About a couple billion in assets under management, just shy of that, yea. ### Pulte: And, what are you investing in, and, you've got a lot of fans here, I don't know, 20, 30 thousand followers on Twitter, something like that? ### Larry Cheng: Yea, we invest, Volition is a growth equity firm, so we invest in emerging growth tech companies, so these are companies with 5, 15 million in revenue, in that zone, growing 50 to 100 percent plus. So, really dynamic emerging tech companies. We have two sides of the house, software and services is one, and internet and consumer is the other. I lead the internet and consumer team, so that's all things e-commerce, digital media, ad tech, transactional services, consumer, retail, all that good stuff, all fun stuff. ### Pulte: Love it. Okay, so, is there anything you want to tell this crowd? ### Larry Cheng: I think this is truly inspirational that you guys are all together. You guys are really defining what it means for retail investors to be in community, and what comes from that. And so, you know, when I think about what, where this is headed and where communities are going, from impacting the financial markets, it's wherever you guys in this room want to go. Because you guys are on the forefront, and you're leading it, and so kudos to you guys, because, I think that the power of individual investors in community will only grow over time. And, there are days in the future, where rooms like what you have, will be more important and more influential than Goldman Sachs. ### Pulte: Wow. Did you hear that? Wow. That's amazing. Larry, really appreciate the sentiment. And Larry, we've got, I'll have to send it to you later, but we've got an airport hanger full of people, this room cost way too much to rent, the stereos cost way too much, I'm gonna end up having to write probably a 40 thousand dollar check, which I'm happy to write, you know, 40 thousand dollars for this party, it's basically a party right, is this not a party? But, anyway, we got basically, you know, we raised money for this. People donated 500 dollars. That's a lot of money. 500 dollars is a lot of money. People donated 500 dollars to come here to be in this room. We have 250 people, everybody paid to be here, and I really appreciate you saying that this is the future of investing, because, Larry, you know, I invest for a living, these folks now invest for a living. I also believe that this is the future too, of investing, and I believe that, you know, having somebody who is director of a 5 billion dollar company like you are, managing 2 billion dollars, thinking this is going to be, in your words, more powerful than Goldman Sachs? Did you guys hear what he just said? He just said that groups like this are the future and are going to be more powerful than Goldman Sachs. I mean, that's, I have the utmost respect for them, as I'm sure he does, but that is a huge statement. So Larry, let's just finish up here, and I know, we're going to behave ourselves, because we know you're a sitting director of a public company. So, we want to respect that. But, can you maybe tell us your favorite thing, you work with Ryan Cohen very directly. You were his money in Chewy. What's your favorite thing about Ryan Cohen? Let's start there. ### Larry Cheng: Ryan is as contrarian as they come. So he's an independent thinker. He is not afraid to buck the trend, as you all know. And, he is such an original contrarian thinker. So it's inspiring to be around that. So, he's one of a kind in that respect. So that's probably my favorite thing. ### Pulte: Love it. And, again, I'm keeping it very generic, but you feel free to tell me what or what not you'll answer, these are like softball questions. I think everybody in this room loves what I'm about to ask, which is, what is he like, inter-personally working with him? So, everybody has all these different conspiracies, they have all these different things, people are trying to do stories on him -- you're actually somebody who is credible who works with him day to day, week to week, month to month. What is he like when you're dealing with him inter-personally, what is he like to work with? ### Larry Cheng: It's kind of funny, when some of the articles would come out with pictures of him in kind of this foreboding, suit in a dark room, I would text him and say, that picture looks ridiculous. And I would say, Ryan is actually quite humble and open handed as a person, and so, he listens, but he's very directed in what he wants to do. ### Pulte: Is he funny? Is he funny? ### Larry Cheng: He's a funny guy. He's actually rather understated. He's funny but understated. Very humble. And, don't imagine a foreboding, huge, ominous figure. That's not Ryan Cohen. He's very customer-centric, and just a very independent thinker, as I mentioned before. That's how I would describe him. ### Pulte: Love it. What other questions about Ryan Cohen do we have? We have to keep it very generic. ### Kais: Did you have the chance to meet Ted Cohen? ### Larry Cheng: I did not. ### Kais: I'm sure you heard Ryan talking about his father. Can you tell us, some things you heard from him about his father? ### Larry Cheng: I think it's best for Ryan to talk about his father. All I will say is that, his father is an inspiration to him. ### Pulte: Very good. Thank you Larry. Have you heard of the PP show before tonight, or no Larry? ### Larry Cheng: I have. ### PP: Oh really? What do you think about the PP show, Larry? ### Larry Cheng: Honestly, I didn't know much, but, I think I saw, Bill you went on it once. ### Pulte: Yes I did. Yes I did. ### Larry Cheng: That's where it came across my radar. ### PP: I just have a question pertaining to Ryan Cohen. Based off, you know, you know Ryan Cohen's humor, and things like that. In your opinion, and again, you can't speak on behalf of Ryan Cohen, Do you think he likes the PP show, where we slap people with dildos, things like that? ### Larry Cheng: I've never specifically asked him about that, so I can't answer. ### Pulte: Well thank you for being such a good sport. We really appreciate you Larry. Thank you for coming. You have a special announcement that you want to make for everybody here, you have kind of a surprise gift. ### Larry Cheng: Yes, thank you. Actually, Bill, you were kind of my inspiration for this, not gonna lie. I saw, you were doing a lot of great things for the community, and so some of you who follow me will know that we've done some giveaways, during the holiday season with some of my companies. We are doing one today, with Grove Collaborative, which is a sustainable household essentials retail store, e-commerce store. What I thought I'd do, since I was coming on today, is I would like to give all of the attendees of today's event a 100 dollar gift card to Grove. Hopefully you can go and have some holiday fun there. We'll find a way to get your email so that we can email you those gift cards, but just my way of saying happy holidays to the whole community. ### Pulte: Very good. Everybody is clapping for you in the room, so thank you very much. If you guys didn't hear in the back of the room, Larry is gonna give everybody a hundred dollars, which is amazing, that's like, you know, 25 grand. So, you know, if you paid 500 tonight, you're getting at least 100 back. And, Kais is going to give for people he wants to give the people another hundred. ### Kais: Everybody. ### Pulte: Everybody, wow. And that's worth a hundred dollars right there. So, Larry, I can't thank you enough for coming on. Hopefully -- I think we kept it like ultra PG. I don't even know if you can keep it more PG than that. But we appreciate it, we hope to have you on again. And, we'd love to do it in person some time. But, thanks again for everything, and being here. Everybody's chanting Larry. ### Larry Cheng: Thanks so much, good to see you guys.

DRS Your GME jersan • 9 months ago • 95%

https://youtu.be/9GCGn_STx-o?t=7932 The following is a transcript lightly edited for improved readability. - - - - ### Bill Pulte: Larry, maybe you could just say hi to everyone, and then, you know, you were the first money in Chewy, which I think is now, what, a 12 or 20 billion dollar company? Maybe you could just walk us through how you worked with Ryan Cohen, what you saw in him that did it, and then we'll get in to your multi billion dollar fund after that. ### Larry Cheng: Sure, yea, I was the first investor to meet with Ryan in person, I think that was back in 2012, I ultimately invested in the company on behalf of Volition in 2013. We invested 15 million dollars in Chewy series A as the first institutional investor in the company. ### Pulte: Let's go! Can I ask how much that 15 million turned in to? Is that public, or no? ### Larry Cheng: It's not, but, hundreds of millions I would say. ### Pulte: Everybody is cheering for you. ### Larry Cheng: Alright! I remember the first meeting with Ryan, and my first impression of him was, he said he would spend every night reading the reviews on the site, of Chewy, and if there were any issues with anyone who was unhappy, he would personally go take the lead and try to and figure out to resolve issues, and right then and there I knew he was, as customer centric, as focused on customer delight, as anyone from a first impression perspective, but that only grew over the years that I've gotten to know him. So yea, we invested in the company, it was a huge success obviously, and Ryan is a generational entrepreneur. ### Pulte: And, how old are you Larry, cause I didn't look it up but you look young as hell. ### Larry Cheng: 48 ### Pulte: 48, wow, you look good at 48. So, 48, and you got, how big is your fund now, a couple billion? ### Larry Cheng: About a couple billion in assets under management, just shy of that, yea. ### Pulte: And, what are you investing in, and, you've got a lot of fans here, I don't know, 20, 30 thousand followers on Twitter, something like that? ### Larry Cheng: Yea, we invest, Volition is a growth equity firm, so we invest in emerging growth tech companies, so these are companies with 5, 15 million in revenue, in that zone, growing 50 to 100 percent plus. So, really dynamic emerging tech companies. We have two sides of the house, software and services is one, and internet and consumer is the other. I lead the internet and consumer team, so that's all things e-commerce, digital media, ad tech, transactional services, consumer, retail, all that good stuff, all fun stuff. ### Pulte: Love it. Okay, so, is there anything you want to tell this crowd? ### Larry Cheng: I think this is truly inspirational that you guys are all together. You guys are really defining what it means for retail investors to be in community, and what comes from that. And so, you know, when I think about what, where this is headed and where communities are going, from impacting the financial markets, it's wherever you guys in this room want to go. Because you guys are on the forefront, and you're leading it, and so kudos to you guys, because, I think that the power of individual investors in community will only grow over time. And, there are days in the future, where rooms like what you have, will be more important and more influential than Goldman Sachs. ### Pulte: Wow. Did you hear that? Wow. That's amazing. Larry, really appreciate the sentiment. And Larry, we've got, I'll have to send it to you later, but we've got an airport hanger full of people, this room cost way too much to rent, the stereos cost way too much, I'm gonna end up having to write probably a 40 thousand dollar check, which I'm happy to write, you know, 40 thousand dollars for this party, it's basically a party right, is this not a party? But, anyway, we got basically, you know, we raised money for this. People donated 500 dollars. That's a lot of money. 500 dollars is a lot of money. People donated 500 dollars to come here to be in this room. We have 250 people, everybody paid to be here, and I really appreciate you saying that this is the future of investing, because, Larry, you know, I invest for a living, these folks now invest for a living. I also believe that this is the future too, of investing, and I believe that, you know, having somebody who is director of a 5 billion dollar company like you are, managing 2 billion dollars, thinking this is going to be, in your words, more powerful than Goldman Sachs? Did you guys hear what he just said? He just said that groups like this are the future and are going to be more powerful than Goldman Sachs. I mean, that's, I have the utmost respect for them, as I'm sure he does, but that is a huge statement. So Larry, let's just finish up here, and I know, we're going to behave ourselves, because we know you're a sitting director of a public company. So, we want to respect that. But, can you maybe tell us your favorite thing, you work with Ryan Cohen very directly. You were his money in Chewy. What's your favorite thing about Ryan Cohen? Let's start there. ### Larry Cheng: Ryan is as contrarian as they come. So he's an independent thinker. He is not afraid to buck the trend, as you all know. And, he is such an original contrarian thinker. So it's inspiring to be around that. So, he's one of a kind in that respect. So that's probably my favorite thing. ### Pulte: Love it. And, again, I'm keeping it very generic, but you feel free to tell me what or what not you'll answer, these are like softball questions. I think everybody in this room loves what I'm about to ask, which is, what is he like, inter-personally working with him? So, everybody has all these different conspiracies, they have all these different things, people are trying to do stories on him -- you're actually somebody who is credible who works with him day to day, week to week, month to month. What is he like when you're dealing with him inter-personally, what is he like to work with? ### Larry Cheng: It's kind of funny, when some of the articles would come out with pictures of him in kind of this foreboding, suit in a dark room, I would text him and say, that picture looks ridiculous. And I would say, Ryan is actually quite humble and open handed as a person, and so, he listens, but he's very directed in what he wants to do. ### Pulte: Is he funny? Is he funny? ### Larry Cheng: He's a funny guy. He's actually rather understated. He's funny but understated. Very humble. And, don't imagine a foreboding, huge, ominous figure. That's not Ryan Cohen. He's very customer-centric, and just a very independent thinker, as I mentioned before. That's how I would describe him. ### Pulte: Love it. What other questions about Ryan Cohen do we have? We have to keep it very generic. ### Kais: Did you have the chance to meet Ted Cohen? ### Larry Cheng: I did not. ### Kais: I'm sure you heard Ryan talking about his father. Can you tell us, some things you heard from him about his father? ### Larry Cheng: I think it's best for Ryan to talk about his father. All I will say is that, his father is an inspiration to him. ### Pulte: Very good. Thank you Larry. Have you heard of the PP show before tonight, or no Larry? ### Larry Cheng: I have. ### PP: Oh really? What do you think about the PP show, Larry? ### Larry Cheng: Honestly, I didn't know much, but, I think I saw, Bill you went on it once. ### Pulte: Yes I did. Yes I did. ### Larry Cheng: That's where it came across my radar. ### PP: I just have a question pertaining to Ryan Cohen. Based off, you know, you know Ryan Cohen's humor, and things like that. In your opinion, and again, you can't speak on behalf of Ryan Cohen, Do you think he likes the PP show, where we slap people with dildos, things like that? ### Larry Cheng: I've never specifically asked him about that, so I can't answer. ### Pulte: Well thank you for being such a good sport. We really appreciate you Larry. Thank you for coming. You have a special announcement that you want to make for everybody here, you have kind of a surprise gift. ### Larry Cheng: Yes, thank you. Actually, Bill, you were kind of my inspiration for this, not gonna lie. I saw, you were doing a lot of great things for the community, and so some of you who follow me will know that we've done some giveaways, during the holiday season with some of my companies. We are doing one today, with Grove Collaborative, which is a sustainable household essentials retail store, e-commerce store. What I thought I'd do, since I was coming on today, is I would like to give all of the attendees of today's event a 100 dollar gift card to Grove. Hopefully you can go and have some holiday fun there. We'll find a way to get your email so that we can email you those gift cards, but just my way of saying happy holidays to the whole community. ### Pulte: Very good. Everybody is clapping for you in the room, so thank you very much. If you guys didn't hear in the back of the room, Larry is gonna give everybody a hundred dollars, which is amazing, that's like, you know, 25 grand. So, you know, if you paid 500 tonight, you're getting at least 100 back. And, Kais is going to give for people he wants to give the people another hundred. ### Kais: Everybody. ### Pulte: Everybody, wow. And that's worth a hundred dollars right there. So, Larry, I can't thank you enough for coming on. Hopefully -- I think we kept it like ultra PG. I don't even know if you can keep it more PG than that. But we appreciate it, we hope to have you on again. And, we'd love to do it in person some time. But, thanks again for everything, and being here. Everybody's chanting Larry. ### Larry Cheng: Thanks so much, good to see you guys.

News jersan • 9 months ago • 98%

www.cnbc.com

Breaking news: in one of the most productive countries / economies in the entire history of humanity, the majority of people creating that productivity do not get to enjoy the rewards of that productivity. same as it ever was.

DRS Your GME jersan • 9 months ago • 95%

Hello everyone, The purpose of this post is to provide a general overview of where GME investors are in terms of social media, as of December 2023. In terms of social media it is hard to accurately describe the current situation without also including some parts relevant to BBBYQ investors, there is some overlap. This post is in some ways a followup to [this post](https://lemmy.whynotdrs.org/post/4179) I made in June 2023 shortly after this Lemmy instance was born. - - - - TLDR of this post: The Energy of the community of investors cannot be contained. It does not belong to anyone or any platform. When attempts are made by some entity (e.g. Reddit) to hold on to that Energy for themselves, it slips away and finds itself somewhere else. - - - - Brief overview of some relevant events pertaining to Reddit: - pre January 2021 - the social media situation relevant to GME investors in the original "normal state". There did not exist much of a GME investor community at all. The part that did exist was in r/wallstreetbets. There was undeniably a powerful Energy and momentum surrounding the GME situation. This situation, this Energy, caused an enormous spike in growth of r/wallstreetbets  [source](https://subredditstats.com/r/wallstreetbets) - after January 2021 - several different subreddits popped up for GME investors. r/superstonk emerged as the preeminent GME investor subreddit and community on the internet, and largely remained that way until early 2023. During that period of time, Superstonk was home of "the Energy". The Energy had/has a spirit of its own, and is always changing and adapting and moving around.  [source](https://subredditstats.com/r/superstonk) - eventually, for reasons, the r/DRSyourGME subreddit was created. Compared with superstonk this was a very small subreddit. It harbored some small amount of the original genuine Energy. In April 2023, a DD was posted to r/DRSyourGME, commonly referred to the Heatlamp DD or Heatlamp theory, also referred to as the DSPP Revelations. The information in that post was being actively censored in superstonk, for some reason. People tried to post it in superstonk, and it became a great big uncomfortable and embarrassing episode of censorship. Because of the efforts to censor and contain it, there was an explosion of growth in r/DRSyourGME.  [source](https://subredditstats.com/r/drsyourgme) - not too long later (June), Reddit permanently banned that subreddit. - around this time, a different subreddit, r/theppshow, which was primarily about [the topic of the Bed Bath & Beyond bankruptcy](https://lemmy.whynotdrs.org/post/475859), was growing. There was already the r/BBBY subreddit, but the BBBY subreddit lacked most of the essence of The Energy. r/theppshow carried that essence, it had some of The Energy. Simply, there was enthusiasm and excitement there, for whatever reason. One big contributing factor might have been the novelty and value of the new medium that was the live show on YouTube. This new medium, which wasn't really well utilized up to this point by GME or BBBYQ investors, invigorated discussion, and it gave people a platform to socialize over their common interests in the subject matter. Eventually, Pulte started giving attention to that subreddit, and [in late July came on to the show](https://lemmy.whynotdrs.org/post/36558). This attention from Pulte helped fuel further growth into that subreddit and community. What eventually started happening was that this subreddit started to become the new home of "The Energy". Reminiscent, perhaps, the same way that it happened to the r/DRSyourGME subreddit. Conversations that were controlled and contained and censored in superstonk, the predominant subreddit of the "GME Energy", suddenly were free and open and fun again. Even though it was predominantly a subreddit devoted to the BBBYQ bankruptcy situation, many curious GME shareholders wanted to participate in that conversation. Many of the BBBYQ shareholders are also GME shareholders, many of them originally from GME.  [source](https://subredditstats.com/r/theppshow) - But it wasn't to last. [In late November 2023, Reddit banned r/theppshow](https://www.reddit.com/r/BBBY/comments/180posy/theppshow_subreddit_was_taken_down_heres_where_we/). Some people, familiar with the banning of r/DRSyourGME, saw this coming months in advance. - - - - To summarize that series of events: There once was a great Energy, a great GME Energy. Reddit was the original birthplace of this Energy, and to this day is still home to a large amount of it. But, over these last few years, what we have witnessed on Reddit have been numerous cases of censorship and attempted information containment. Some people, or entities, or agendas, it seems, have an interest in trying to control The Energy, to treat it as if it belongs to them. But it doesn't. The Energy belongs to nobody, and it cannot be contained. [ The harder that anyone tries to contain or control or capture the Energy for themselves, the faster it will slip from their hands](https://lemmy.whynotdrs.org/post/494287). The Energy comes from all of us, it is the sum total of the attention, time, energy, money, and excitement, that comes from each and every individual person that is contributing to it. Because of attempts made, by Reddit, to be the sole keepers of The Energy, it slips through their hands and finds a new home in new places. - - - - December 2023 So here we are. Where is this Energy now? While much of it is still found in various places on Reddit, including superstonk, significant amounts of it are found in new places. Here we are, for example, on Lemmy / in the fediverse. [The fediverse is a currently small, but promising platform](https://lemmy.whynotdrs.org/post/494473), and is but one home for the Energy. In a certain practical sense, the ongoing information sharing, the Energy, has found itself in a new decentralized form. "Decentralized" in the sense that it is not all within the confines of superstonk or Reddit at all, the way it once was in a different time.  - We have this Lemmy instance, and the larger fediverse that it connects to. - We have, for example, [the DRSyourGME Public Discord](https://discord.gg/B7YYda6X). There are also numerous other community discords that may be worthwhile, e.g. [the Loopring Discord](https://discord.com/invite/loopring) - There are numerous subreddits of various sizes that have worthwhile content. - Recently, to my surprise, partially coinciding with the banning of r/theppshow subreddit, but also occurring on its own, X (formerly Twitter) is emerging as a new and relevant location for GME investors (and BBBYQ investors) due to the existence of [X Spaces](https://help.twitter.com/en/using-x/spaces). X Spaces have emerged as a relevant social location, providing a supply to an evidently existing demand for such interaction. On any given day, there might be 500 or a thousand people listening to a live conversation about GME or BBBYQ or other related topics of conversation. On December 6, for example, GME earnings date, [nearly 10 thousand people](https://twitter.com/Badmojo6969/status/1732501802208084073) tuned in to hear the live discussion hosted on X by community participants. Compared with where we were 1 year ago, the existence of all of these worthwhile areas that are not superstonk is giving a new form and new life to the way that The Energy manifests itself, and the truth of our situation now has new avenues for being discussed, a new home where it can be free and co-mingle with other information. It is impossible to know for sure how things will continue to evolve, but I tend to believe that the greater degree of decentralization of information, the greater the freedom of truth that will exist.

Selfhosted jersan • 9 months ago • 99%

cross-posted from: https://lemmy.whynotdrs.org/post/494473 > Compared against the predominant incumbent social media platforms, the fediverse is very small. > > information sources: > - [List of social platforms with at least 100 million active users - Wikipedia](https://en.wikipedia.org/wiki/List_of_social_platforms_with_at_least_100_million_active_users) > - [Fediverse Observer](https://fediverse.observer/stats) >

Compared against the predominant incumbent social media platforms, the fediverse is very small. information sources: - [List of social platforms with at least 100 million active users - Wikipedia](https://en.wikipedia.org/wiki/List_of_social_platforms_with_at_least_100_million_active_users) - [Fediverse Observer](https://fediverse.observer/stats)

DRS Your GME jersan • 10 months ago • 90%

markets.businessinsider.com

All of GameStop's nearly $1 billion in cash is now at Ryan Cohen's unilateral discretion. RC can now use GameStop's money to buy stocks of other companies, which may or may not involve any mergers or acquisitions. What is really interesting and exciting about this, to me, is that it puts "our" money into his hands. It's our money because we are GME investors, and shareholders are the owners of companies, and GameStop's money is part of the shareholder equity that belongs to shareholders. Ryan Cohen has a vision and a strategy, and access to valuable information, and he does not telegraph his strategy to the competition. We don't know specifically what his intentions are, we don't know specifically what his strategies are. What we do know is that our interests are in alignment. We shareholders are in alignment with the RCEO because he is also a (major) shareholder. If RC makes a move that benefits GameStop, it benefits all GME shareholders including himself and us. If RC takes a strategic investment opportunity, we are all going along for the ride. This is pretty great, in my opinion, because assuming that you trust RC, it means all a person needs to do is hold GME, and they will get exposure to whatever strategic investments that RC might make. As for me, I trust that RC has a better capability than myself to wisely invest in any non-GME assets.

DRS Your GME jersan • 10 months ago • 91%

[Chart image source](https://twitter.com/lawsondt/status/1732537722693132438) This chart reflects the number of shares directly registered and takes in to account the stock split which occurred in July 2022. - - - - GameStop has reported the number of shares that are directly registered for the last 9 quarters, starting in Q3 2021. - - - - - [Q3 2021 10-Q: December 8, 2021](https://investor.gamestop.com/node/19571/html) As of October 30, 2021, 5.2 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare. - [Q4 2021 10-K: March 17, 2022](https://investor.gamestop.com/node/19651/html) As of January 29, 2022, 8.9 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare. - [Q1 2022 10-Q: June 1, 2022](https://investor.gamestop.com/node/19781/html) As of April 30, 2022, 12.7 million shares of our Class A common stock were directly registered with our transfer agent. - [Q2 2022 10-Q: September 7, 2022](https://investor.gamestop.com/node/19906/html) As of July 30, 2022, 71.3 million shares of our Class A common stock were directly registered with our transfer agent. - [Q3 2022 10-Q: December 7, 2022](https://investor.gamestop.com/node/19946/html) As of October 29, 2022, 71.8 million shares of our Class A common stock were directly registered with our transfer agent. - [Q4 2022 10-K: March 28, 2023](https://investor.gamestop.com/node/19991/html) As of March 22, 2023, there were 197,058 record holders of our Class A Common Stock. Excluding the approximately 228.7 million shares of our Class A Common Stock held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares), approximately 76.0 million shares of our Class A Common Stock were held by record holders as of March 22, 2023 (or approximately 25% of our outstanding shares). - [Q1 2023 10-Q: June 7, 2023](https://investor.gamestop.com/node/20066/html) As of June 1, 2023, there were approximately 304,751,243 shares of our Class A common stock outstanding. Of those outstanding shares, approximately 228.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately 76.6 million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares) as of June 1, 2023. - [Q2 2023 10-Q: September 6, 2023](https://investor.gamestop.com/node/20216/html) As of August 31, 2023, there were approximately 305,241,294 shares of our Class A common stock outstanding. Of those outstanding shares, approximately 229.8 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately 75.4 million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares) as of August 31, 2023. - [Q3 2023 10-Q: December 6, 2023](https://investor.gamestop.com/node/20316/html) As of November 30, 2023, there were approximately 305,514,315 shares of our Class A common stock outstanding. Of those outstanding shares, approximately 230.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately 75.4 million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares) as of November 30, 2023.

The PPShow jersan • 10 months ago • 92%

https://youtu.be/zKsZDZVL3OA?t=2374 - - - - [Byron from Loopring](https://twitter.com/macro_diary) attended the PP show and discussed Loopring. TLDW: Loopring is re-architecting the global financial infrastructure with some friends.

DRS Your GME jersan • 10 months ago • 95%

Ryan Cohen became chairman on June 9 2021. How has the company's financial standing change since then?

The PPShow jersan • 10 months ago • 92%

youtu.be

On October 11, 2023, Brenden Dearie, CEO and founder of Protocol: Gemini, gives an interview on the PP show. The [Protocol:Gemini blackpaper (2023)](https://lemmy.world/post/9164023) mentions that we're currently in phase 2 of the roadmap. Q4 2023: Live events, intensive marketing and team expansion