Gamestop was always a dying company. It hasn't had any reason to exist for many years now.
Gamestop briefly became the vehicle for stock market manipulation in the form of exploiting heavy short interest to crush shorts. Nearly all the profit from this didn't go to "the people" but instead to wall street hedge funds who orchestrated the faux populist movement. All the big losers from the bubble popping were retard retail bag holders, who still go on a cult web site called r/superstonk bloviating about supposed conspiracies in stock market manipulation to rationalize their stupid choices and gambling addiction.
Populism ultimately fails because people are stupid and easily manipulated. Every populist movement is immediately co-opted by the elites and twisted to benefit some elites over others. The same was true of Gamestop.
Gamestop was always a dying company. It hasn't had any reason to exist for many years now.
Gamestop briefly became the vehicle for stock market manipulation in the form of exploiting heavy short interest to crush shorts. Nearly all the profit from this didn't go to "the people" but instead to wall street hedge funds who orchestrated the faux populist movement. All the big losers from the bubble popping were retard retail bag holders, who still go on a cult web site called r/superstonk bloviating about supposed conspiracies in stock market manipulation to rationalize their stupid choices and gambling addiction.
Populism ultimately fails because people are stupid and easily manipulated. Every populist movement is immediately co-opted by the elites and twisted to benefit some elites over others. The same was true of Gamestop.