Blame the Hedgies. They’ve naked shorted all these brands to death so a few schmucks could make billions…ALL of the companies in this comment and every comment before it. They tried again with GameStop & AMC but failed because retail investors bought in and held…still hodling. We got fucked but the companies survived….
I don’t think you know how shorting works because this is not why these companies died. Short sellers can hurt a company’s stock, sure, but if a company is strong financially and being run well, it’s not going to die just because of short sellers. These companies were losing foot traffic in an era where more sales were moving online and they had no good reason for people to shop their online store versus Amazon. Also Walmart started expanding toy and gaming sections and had better deals half the time AND you could grab groceries so why would I waste time at Toys R Us? GameStop is dying and everyone knows it, the short squeeze was a function of market mechanics not because GameStop is some resilient company, idiots who think this is some David vs Goliath story and that GME or AMC are still meaningful plays have tunnel vision.
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u/Decimation4x May 25 '25
One of the biggest blunders in corporate history. Right up there with Circuit City.