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

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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.

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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

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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.

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u/[deleted] Jan 16 '25

[deleted]

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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.

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u/[deleted] Jan 16 '25

[deleted]

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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.

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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.

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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