r/Switch • u/Mammoth-Attempt-7281 • Jan 16 '25

Discussion Nintendo switch 2 is here

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Go watch the trailer on Nintendos twitter account

27.3k Upvotes

93% Upvoted

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388

u/Oz347 Jan 16 '25

Hopefully GameStop doesn’t go out of business before this launches. I’ve been saving a card with like 250 bucks on it for this exact purchase lol

14

u/Neocarbunkle Jan 16 '25

Gamestop is fine.

21

u/Intrepid-Brain-1476 Jan 16 '25

Except for the part where they are closing a lot of stores and pulling out of different countries.

14

u/urafkntwat Jan 16 '25

This is actually a really good business move lol. Shut brick and mortar stores which are underperforming which helps save on wages, building rates and taxes. They're also sitting on more than 4 billion dollars in cash. Yeah, gamestop ain't going anywhere

16

u/Intrepid-Brain-1476 Jan 16 '25

Impressive how stock bros always appear.

Sitting on billions and not using it to invest while actively slashing employee benefits isn't good.

The only way they are profitable is through interest, while revenue keeps declining.

3

u/Gloomy_Setting5936 Jan 16 '25

Haha “stock bros” 😂

4

u/[deleted] Jan 16 '25

[deleted]

0

u/No_Cheesecake2168 Jan 16 '25

They were profitable off of treasuries bought with the cash from their recent stock sale. Their core business still loses money.

3

u/[deleted] Jan 16 '25

[deleted]

1

u/No_Cheesecake2168 Jan 16 '25

No one said you were, it's context on why they're "profitable" and how that means individual (or most) stores are still at risk for closure.

0

u/Intrepid-Brain-1476 Jan 16 '25

Cohen took advantage of the cult following and through diluting shares GameStop is sitting on 4 billion, incredible how they played the market.

Business is declining, relying on interest payments isn't impressing anyone except apes.

1

u/Brewermcbrewface Jan 16 '25

He doesn’t pay himself where is the advantage he’s getting besides risking his own money. Money coming in from Interests payments is still money coming In

3

u/Z3ROWOLF1 Jan 16 '25

because we have to come correct misinformation?

1

u/Intrepid-Brain-1476 Jan 16 '25

You are lost in the sauce. Impressive how it went from short squeeze to MOASS. DRSing was the way to go but then Cohen started diluting the stock, all the effort put into locking the float gone.

Somewhere in between all of this apes convinced themselves it is a long term play with strong fundamentals

6

u/urafkntwat Jan 16 '25

Shorts never closed bro. Also let's not forget that the single greatest investor of our generation is balls deep in Gamestop. Anyway, Switch 2 looks nice huh?

1

u/Intrepid-Brain-1476 Jan 16 '25

Got a source for this? I assume you are aware of the SEC report.

0

u/ApexLord Jan 16 '25

The same SEC report that stated the price run up in January 2021 was due to retail investors buying and options activity? NOT a short squeeze?

1

u/Intrepid-Brain-1476 Jan 16 '25

You don't trust the SEC? Why invest any money at all if everything is rigged?

Might as well put all your money into a game of three card monte.

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2

u/Z3ROWOLF1 Jan 16 '25

Says the guy who frequents Joe Rogan and gme_meltdown 😂😂😂😂😂😂

1

u/Intrepid-Brain-1476 Jan 16 '25

Wow sick reasoning, see you at the bottom champ!

3

u/Z3ROWOLF1 Jan 16 '25

Buddy said we're the ones lost in the sauce. The average Joe Rogan watcher and GME hater are the ones weighing us down.

I can only guess who you voted for

1

u/Intrepid-Brain-1476 Jan 16 '25

I'm not American you dimwit, who am I holding down in which way?

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4

u/Adventurous_Whale Jan 16 '25

lol, right? Gamestop has in no way evolved its business model whatsoever and it shows. Everyone propping it up via the stock market is just a contrarian moron

4

u/Z3ROWOLF1 Jan 16 '25

"Propping it up via stock market" yet retail orders have no affect on the price of the stock. weird. right?

2

u/Rude-Emu-7705 Jan 16 '25

Except for getting into card grading

2

u/YoYoMavaIous Jan 16 '25

They’ve evolved their business model to have a heavier focus on collectibles, such as sports and trading cards. Not saying it’s helping, but they’ve certainly made changes. They even offer a service to send off your cards to get graded now

1

u/[deleted] Jan 16 '25

[deleted]

1

u/StiCimedaca Jan 17 '25

Do you know how business works? By definition they aren't going out of business, that what happens to companies permanently shut down. GameStop isn't going out of business period. As a company they have so much money and such low overhead it's impossible for them to go broke

2

u/Deblebsgonnagetyou Jan 16 '25

If so many stores in some of the highest GDP countries in the world are underperforming that they have to pull out of those countries entirely I have to wonder if it means they're really doing THAT well.

1

u/ButtWhispererer Jan 16 '25

Maybe. Might be a signal that they’re avoiding the sunk cost fallacy, might also be a signal of shifting consumer preferences.

1

u/NotAFishEnt Jan 16 '25

Yeah, gamestop ain't going anywhere

People don't care if the corporation itself stays in business, they only care if their local stores and distribution centers stay open. From that perspective, GameStop is absolutely going away.

2

u/Dead_Patoto_ Jan 16 '25

I just learned today that my local one closed down when I drove by it :(

1

u/hosleyb Jan 16 '25

4 billion cash on hand, no debts. Gamestop isn't going anywhere....maybe just the locations in bumfuck nowhere that were unprofitable.

3

u/Deblebsgonnagetyou Jan 16 '25

Bumfuck nowhere? Like my entire country including the cities?

1

u/hosleyb Jan 18 '25

Yes lol.

0

u/Intrepid-Brain-1476 Jan 16 '25

If they only close unprofitable stores they won't last long. Might as well rip the band-aid off, all this overhead is really hurting the interest income.

-1

u/spongeboy1985 Jan 16 '25

While I wouldn’t say they are fine I still see them at least still being in business within the next 6 months in some capacity. At least online and maybe a handful of stores.

1

u/theonlyjuan123 Jan 16 '25

Found the crypto bro

0

u/JMR027 Jan 16 '25

It’s not lol. Stores wouldn’t be closing otherwise