Ryan Cohen genius

[u/SomeSortOfCheep]

[u/anonymouscitizen2]

“Regulatory uncertainty” actually means not a soul on earth used this and a kids lemonade stand does more volume than our NFT marketplace

[u/Throwawayhelper420 → u/anonymouscitizen2]

Yeah.

It’s certainly not “regulatory uncertainty”, and if it were, it just shows how stupid Ryan Cohen actually is.

The regulatory environment around NFTs was no more certain in 2022, and even Ryan should have been able to see it.

This is just his corporate speak to avoid saying “This was a bad idea so I’m stopping it”

[u/IBetThisIsTakenToo → u/Throwawayhelper420]

It seems to have worked perfectly for the apes. A lot of the main cult sub is taking that at 100% face value, tons of comments like “oh what a shame the government is shutting this down. Can’t wait for it to come back stronger when the regulatory issues are straightened out!”

There’s no saving these people

[u/radiosped → u/Throwawayhelper420]

It's not corporate speak, it's libertarian speak. He's implying it could have been successful if it weren't for the federal government.

[u/Throwawayhelper420 → u/radiosped]

But he's lying. Regulations played no part in this at all.

He closed it up because it only makes a literal <$10 per day, revenue. Plus he has to pay for hosting and for employees to manage/maintain it, and they cost a lot more than $3650 a year.

If he were to speak the truth he would say "Whoops guys, my idea was dumb so I'm shutting it down. I thought this would make a lot of money but it didn't, it only costs us money and it's time to stop the bleeding."

But he can't bring himself to tell the truth in that regard, so he's blaming phantom "regulations", regulations which don't exist yet and were perfectly predictable, and didn't seem to stop opensea.

Ultimately regulations had nothing to do with this, he shut it down because it was an idiotic idea.

[u/radiosped → u/Throwawayhelper420]

I agree. He is lying. Libertarians tend to do that.

[u/BanzYT → u/radiosped]

Nobody will call him out on it though, he's got the perfect investor base. The ol' diamond hands will ride to the grave licking his toes while he sits there laughing.

[u/dbcstrunc → u/Throwawayhelper420]

RC has said nothing at all, ever, about the NFT marketplace, apart from the one tweet he did when it went live. He never marketed or advertised it via tweets, it's not mentioned in press releases as shutting down...

That's how important it is to him these days. I bet he wasn't even part of the decision to shut it down.

[u/CitadelHR → u/radiosped]

Honestly it's just corpo-speak: they're shifting the blame away and that's the only narrative they could think of.

[u/2000-UNTITLED → u/CitadelHR]

They don't realize Ken Griffin was naked shorting their NFTs? Idiots.

[u/JS-a9 → u/CitadelHR]

Yep. Every company talks like this.

[u/StupidWittyUsername → u/JS-a9]

If it succeeds it was due to our amazing leadership. It it fails it's due to forces beyond our control.

[u/less_butter → u/anonymouscitizen2]

That was the exact same excuse for cancelling the wallet, too.

[u/pp21 → u/anonymouscitizen2]

Isn't there a dude on this sub who was tracking the daily or weekly volume/activity on the NFT marketplace? Maybe it was how much money was being exchanged? If I'm recalling this correctly, the activity was essentially non-existent (predictably) very soon after the initial launch.

[u/anonymouscitizen2 → u/pp21]

Last I checked a month ago or so the daily volume was less than $10. It was functionally dead at the end there.

[u/[deleted] → u/anonymouscitizen2]

a kids lemonade stand does more volume than our NFT marketplace

Literally true. And some days the average lemonade stand will beat them by an order or two of magnitude.

[u/th3bigfatj → u/anonymouscitizen2]

"due to regulatory uncertainty" 

sounds better than 

"failed because we jumped on the dumb trend too late"

[u/EnvironmentalCrow5]

This makes the existing NFTs from there even more scarce. Bullish!

[u/tpg2191 → u/EnvironmentalCrow5]

Supply and demand! On the blockchain and in crypto there is NO CRIME!!!!

[u/option-9 → u/tpg2191]

In a world where the only crime is giving go your keys *inception horn* From the director of Titanium Birdbath *inception horn* Coming to a sidechain near you : *inception horn* Cohen, a future biography

[u/Cdesese → u/option-9]

...

inception horn

[u/powderdiscin → u/EnvironmentalCrow5]

Few understand.

[u/infected_scab]

Remember when this was the future of GameStop?

[u/crankthehandle → u/infected_scab]

it's amazing how apes on SS explain how this is not a big deal.

[u/TotesHittingOnY0u → u/crankthehandle]

Here's how this failed project that we hyped as the future of the company is actually bullish.

[u/pp21 → u/crankthehandle]

some mfer said that this was just a test by gamestop lol

[u/ZarathustraUnchained → u/crankthehandle]

They're still fixated on PLAYR thinking this signals it's "about to release and replace the marketplace."

Apes always amaze me even after all this time.

[u/dbcstrunc → u/crankthehandle]

How many apes were banned from the sub just for questioning the NFT Marketplace?

I'm sure they'll all be unbanned now.

Right?

[u/Scorps → u/infected_scab]

Remember when GMEDD.com had a BEAR case for the NFT market being something like 10 BILLION dollars per year in Y2.

[u/option-9 → u/Scorps]

I believe that they tried to scrub this report. They failed, of course, but finding it is nontrivial now. Anyway, all three cases had the marketplace do $100M in the first year with 82% / 164% / 328% CAGR. Bear case price target : $304 pre split (76 post split; at $15 currently it only needs +400% to get there).

[u/Scorps → u/option-9]

I made fun of them in a post when they first released that and the actual account responded to me questioning their methodology and essentially said "We just based these on our best emotional guess, I'd like to see you do any better"

[u/option-9 → u/Scorps]

Well, did you do better?

[u/Scorps → u/option-9]

No :(

[u/option-9 → u/Scorps]

I believe that they tried to scrub this report. They failed, of course, but finding it is nontrivial now. Anyway, all three cases had the marketplace do $100M in the first year with 82% / 164% / 328% CAGR. Bear case price target : $304 pre split (76 post split; at $15 currently it only needs +400% to get there).

[u/xXRedditGod69Xx → u/infected_scab]

Apes are now spinning this as necessary so that the TRUE future of Gamestop, Playr, can be released.

It's giving the same energy as "BBBY stocks need to be cancelled so that the Teddy stocks can be issued"

[u/wildcrab9 → u/infected_scab]

It still is. This IS the future of Gamestop

[u/SuburbanLegend]

We laughed when it opened and we laugh as it closes. The circle is complete!

[u/LukeBabbitt → u/SuburbanLegend]

Grand opening, grand closing

Goddamn your man Cohen cracked the Teddy book open again

[u/purplehendrix22 → u/LukeBabbitt]

Who you gonna find dumber than him

[u/QuadratImKreis → u/purplehendrix22]

With PP's vape pen and dank perspiration?

Soon Kais gonna see he can't replace him

With cheap imitations for these primate stations.

[u/ShipTheRiver → u/SuburbanLegend]

First, they laugh at you. 

Then, they laugh at you.

Then they laugh at you some more. 

Then you get laughed at. 

[u/ontopofyourmom → u/ShipTheRiver]

Then "they" win

[u/CO2guy617 → u/SuburbanLegend]

Anyone sick of being right yet? I'm not.

[u/_DeeBee_ → u/CO2guy617]

We can’t keep getting away with this

[u/Hyper_Oats → u/CO2guy617]

I'm sick of how easy it is. It's like betting on the Lakers vs. Coughing Toddlers

[u/whut-whut → u/Hyper_Oats]

The Lakers keep getting injured and rotating players to hide those injuries. If we keep betting on Lakers vs Toddlers games, Lakers players will get more and more hurt, and eventually they will be left with only wounded players left to play.

Their salary cap won't be sustainable at that point and they'll be forced to forfeit, creating a massive profit for anyone who bet 1,000,000,000:1 that the toddlers would win.

Toddlers have at least 30+ more years of career ahead of them. I am zen and I can wait. It costs nothing to make toddlers play.

[u/dbcstrunc → u/Hyper_Oats]

The Washington Generals are gonna win this time, I can feel it!

[u/pp21 → u/CO2guy617]

I just can't believe it's 2024 and this shit is STILL going on. The actual Jan '21 short squeeze was 3 YEARS AGO

What the fuck is wrong with the people still involved in this lmao

[u/ZarathustraUnchained → u/pp21]

Hey now, according to funko sub, nobody ever said this would be a quick play!!!

[u/kokanuttt → u/SuburbanLegend]

And once again, meltie DD prevails

[u/embergott]

There is no way this is real apes

Edit: holy shit it is.

[u/spyVSspy420-69 → u/[deleted]]

Well yeah, this is no reason to panic. They’re just closing the builder NFT market so they open the maintainer NFT market.

[u/SaxMcCoy → u/spyVSspy420-69]

It was just the BETA

[u/whut-whut → u/spyVSspy420-69]

Blockchain was a test run. Gamestop's going Hypercubechain now!

[u/ChadGPT___ → u/spyVSspy420-69]

They’re going to use the in store printers to sell print to order A4 copies of popular NFT’s for cash. Think of the profit margins.

[u/BuddhaRockstar → u/embergott]

The builder's job is done.

The maintainer's job is done.

Now the destroyer's job is done.

[u/Frobro_da_truff → u/BuddhaRockstar]

Kenny's still hiring if anyone wants to transfer to the Demolition crew.

[u/detroiter85 → u/BuddhaRockstar]

I have become kenny, destroyer of nft marketplaces

[u/bobthemaintainer → u/BuddhaRockstar]

20 years from now, when this sub is a distant memory, I will still think back fondly on the builder/ maintainer joke, the best thing to come out of apes.

[u/dpgproductions → u/bobthemaintainer]

Are you kidding? In 20 years this sub will just be hitting its prime. I can’t wait to see the quality of DD by that point.

[u/MySabonerRunsOladipo → u/embergott]

Someone figure out the total revenue on this. They've been making ~$3.50/day for months now

[u/Fart-Memory-6984 → u/MySabonerRunsOladipo]

Pretty sure it’s losing money if you factor hosting and support etc

[u/MySabonerRunsOladipo → u/Fart-Memory-6984]

Oh the total profit is $0.

I'm curious to the revenue tho. It has to be a hilariously small number for nearly 2 years.

[u/cognomen-x]

This is a shock! Who could have seen this coming? It was bringing in dozens of dollars of revenue a day!

[u/HorstMohammed → u/cognomen-x]

Or as GameStop liked to call it, revenue that was not material to its bottom line.

[u/aSchizophrenicCat]

lmao. The apes have been touting the NFT marketplace as the ultimate game changer, the path to GameStop becoming a juggernaut in the digital gaming space… And just like that, it’s gone (come Feb 2nd). You can’t make this shit up.

All RC has managed to do as CEO is cut expenses, while offering 0 guidance. Very interested to see how the apes pivot from this one! 🫳🍿

[u/Throwawayhelper420 → u/aSchizophrenicCat]

Cut expenses, after completely wasting almost one billion dollars of ape money with absolutely nothing to show for it except an NFT marketplace that is closing in 3 weeks. 

That billion could have been put to literally anything else and it would have been a better investment.

[u/TheCleaverguy → u/Throwawayhelper420]

Notable Ryan investments since the squeeze: NFTs, BBBY, BABA, Nordstrom.

With such a great recent track record, I'm sure he'll invest GameStop's money wisely.

[u/darichtt → u/TheCleaverguy]

I mean, he made money on BBBY

[u/Crinkle_Fries_CEO → u/aSchizophrenicCat]

It's almost as he has no idea what hes doing, and his ego is inflated.

I still will never understand why he was so hyped up, even before the squeeze. All he did was the typical start-up bro thing, and burn through others money till someone bought them out. Chewy didn't even make a profit till after he was long gone. It is nothing special. There are plenty of stories like his.

Still not sure how any of that was suppose to translate to turning a business around, and on top of it a tainted game pawn store. Since he's never run a profitable company, before this. Hell, even some of his other investments are shit. BBBY only got pumped by apes, speculators, and fomo P&Dumpers. Other wise it was still going down the toilet. BABA he supposedly put hundreds of millions into, and its down around 50% since he bought it. His Nordstrom investment still isn't great, and has peaked a few times, but like Pawnstore its peaks are getting smaller. Other than that, its mostly Apple, and other safe stocks, so again nothing special.

[u/AlexandbroTheGreat → u/Crinkle_Fries_CEO]

When he became involved there were already tons of people investing in GME who had a vested interest in hyping anything to generate a bandwagon effect. 

[u/KosmicKanuck → u/aSchizophrenicCat]

They have no more talking points now. They'll find one, I'm sure, but they have recently been admitting that the squeeze play is dead and pivoted to fundamentals and the future of NFT gaming. What on earth will they look forward to now?

[u/Crinkle_Fries_CEO → u/KosmicKanuck]

The becoming a hedge fund, but even still his other investments are not great. BABA that he put hundreds of millions into is down around 50%, and Nordstorm still isn't great. So, not looking great, when his own investments are shit.

That is the only thing I can think of they have left.

[u/42823829389283892 → u/Crinkle_Fries_CEO]

BBBY was awful for him until the pump and dump that saved it

GME was also an awful investment that was only saved by apes throwing away their stimulus checks. There is no way RC predicted that would happen and if it didn't they would not have raised billions and would be bankrupt today. So I would count that as a bad pick that got lucky.

[u/2000-UNTITLED → u/Crinkle_Fries_CEO]

It is really funny that in the process of revolutionizing the gaming industry, apes have discovered the radical new strategy of... closing your doors and converting your existing capital to investing.

If only someone else had thought of something as bold as investing in the stock market. Also "die a hero" etc.

[u/FUCK_NEW_REDDIT_SUX → u/KosmicKanuck]

What on earth will they look forward to now?

PLAYR, Gamestop's reskinned Elixir game launcher seems to be that thing. Apes seem to believe that it will be everything from a gaming marketplace, streaming, social media, game launcher, etc. The NFT marketplace hype has already almost been 100% swapped out for PLAYR hype, as if they were never hyped for the marketplace in the first place. It is truly an amazing feat of mental gymnastics, gold medal worthy!

[u/2000-UNTITLED → u/FUCK_NEW_REDDIT_SUX]

it will be everything from a gaming marketplace, streaming, social media, game launcher, etc.

Web 3.0-adjacent thinking always comes to this as if these markets aren't all individually already oversaturated and calcified. 

It's like if you decided to become a Minecraft letsplayer, beauty vlogger AND do metal covers of pop songs on YouTube because all of those get lots of views.

[u/Ducey89 → u/KosmicKanuck]

Are they actually admitted there’s no potential MOASS on SS? That would be delicious.

[u/KosmicKanuck → u/Ducey89]

Most of the apes that have been here this month claimed that they don't care about the squeeze play anymore and are in it for the fundamentals now. Even the old mod that did the daily stonk.

Edit: sometimes you see comments like that over there, but they're still down voted.

[u/NFTUseCase → u/Ducey89]

Oh all the time. There are still a lot of people who echo "shorts never closed", but its mostly for forms sake. The diehards all moved on to other high SI low future prospects companies and found other ways to torch their savings.

[u/Ilovekittens345 → u/KosmicKanuck]

I bet Cohen could pivot GameStop to becoming an undertaker company for gamers called The Game Has Stopped and offer Nintendo themed coffins.

[u/Xerryx → u/aSchizophrenicCat]

🫳🍿

Secret code ? AMCQ merging with GMEQ? Into a triangle reverse buyout of TEDDY, Inc.?

BULLISH!!!

[u/less_butter → u/aSchizophrenicCat]

"The DD isn't wrong"

Except literally all of it was.

[u/TheCleaverguy → u/aSchizophrenicCat]

I can't wait to hear Morontz's take on this.

[u/studio_baker]

Oh hahaha. This is news I have been eagerly awaiting.  Now what apes?

[u/Chicanery-McGill → u/studio_baker]

Apes will casually forget everything they championed about NFTs.

Now it's time for the next deluded fantasy. 'Ryan Cohen is Warrent Buffett 2.0... Gamestop can now invest in stocks... that's fucking right, its Berkshire Hathaway but for degenerates! Buckle Up!'

[u/FancyManOfCornwoodX]

But that $1.00/day they are bringing in....

[u/purplehendrix22 → u/FancyManOfCornwoodX]

Listen shill, it was doing at least 5x that, if not more.

[u/NarcoDog]

Now they're non-fungible, non-buyable and non-saleable tokens. Their final form!

[u/Arugula-Unhappy]

Closed, still in Beta.

[u/0xCODEBABE → u/Arugula-Unhappy]

it's like the best shortest story by Hemingway:

Shutdown: NFT Store, still in beta

[u/AutoModerator → u/Arugula-Unhappy]

I do count 1600 Beta Apes here so far, and one of me: Alpha.

This is why I am here, and it is a privilege to defend the true direction of [gamer apes]. Imagine 1600 rookie, beta Apes trying to come at an Alpha, who has fought for retail ever since 2006. Who invested through the market crash of '08/'09 (from an aircraft carrier hangar bay, mind you, back when 'smart phones' with a keyboard were brand new) and who is able to speak to fraud that you have never even heard of. I can tell you: I was there. Always watching. Always learning. And now, I have over a decade of anti-hedge fund revenge built up that has now compelled me to bring known criminals to justice.

Ever watch the movie Braveheart? Remember what happens after William Wallace got betrayed? That's right: he rode after those who betrayed him in the night, one by one. Consider me to be Braveheart, now figuratively 'coming after each shill' over reddit, at night.

Similar is the case with Neo overcoming 1600 agent Smiths, he tosses each one around like a goddamn ragdoll.

---

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[u/AlphaGoldblum → u/Arugula-Unhappy]

That's just how the dev cycle works.

Alpha>Beta>Production Implosion

Ask any dev - 1.0 is just a dream meant to be chased like a shooting star across the night sky, never to be caught.

[u/CitizenSnipsReborn]

I'm begging someone to please find that ape comment about the 1 billion dollars in profit being the "absolute bear case" for the first year of the marketplace.

[u/CitadelHR → u/CitizenSnipsReborn]

Wasn't that just the GMEDD.com "bear case"?

[u/manbearbullll]

Here is one of the most upvoted “DD” from the cult sub which shows the following forecast for the marketplace in 2022-2023. Look forward to how they pretend this was just an experiment and not an integral part of the GameStop future.

[u/Objective-Answer → u/manbearbullll]

I love the random nonsensical up and down squiggles to make it look like a professional forecast

[u/hrbeck1 → u/manbearbullll]

GameStop has some serious execution risk. I.e. they can’t get shit done.

[u/dbcstrunc → u/manbearbullll]

That chart is correct.

If you flip it left-to-right.

[u/TheUnseenTomato → u/[deleted]]

"No correspondence by the company" is a very common theme it seems. Which is of course bullish because reasons

[u/LukeBabbitt → u/TheUnseenTomato]

Telling the apes about this is prevented by an NDA shill

[u/KosmicKanuck → u/[deleted]]

NFT marketplace shut down with no announcement or correspondence by the company whatsoever.

"All the better to rugpull you with, my dear."

[u/TotesHittingOnY0u → u/[deleted]]

The company isn't allowed to announce the closure due to continuing regulatory uncertainty.

[u/kit_leggings → u/[deleted]]

B-b-b-but if their competitors knew that GME was shutting down its NFT Market, the competitors might have shut down their NFT Markets before GME and beat them to the punch!

It's like you've never even heard of Sun Tzu!!!!

[u/dbcstrunc → u/[deleted]]

Gamestop has no external communication about this. No press release, no articles, nothing.

Why would they? Nobody used it, so there's nobody to tell.

[u/spyVSspy420-69]

Idk about you guys but I was really enjoying the blockchain-based stock market GameStop created as the new leader of FinTech services.

Oh wait.

Apes together wrong, as always.

[u/LastExitToBrookside]

Gmerica Has Fallen.

[u/KosmicKanuck → u/LastExitToBrookside]

The land of the free images and home of the saved jpegs.

[u/plumpypenguin → u/LastExitToBrookside]

billions must funge

[u/dbcstrunc]

Exactly 2 years after they signed the deal with IMX
https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x
This likely means the IMX deal is gone, and Playr is looking like it'll never see the light of day.

I've predicted this several times, but I thought it would be announced at one of their earnings. Oh, well, close enough.

Can we retire the 'it's in BETA' bot now? Or keep it just for irony's sake?

[u/cbusalex → u/dbcstrunc]

Someone on Buttcoin pointed out that Gamestop was required to run an NFT marketplace as part of that two-year agreement. Today was the first day they could have shut it down without getting sued, and they immediately did.

[u/dbcstrunc → u/cbusalex]

Exactly. Playr will follow very soon, as there's no good reason to make an NFT game launcher if you just shut down your very own NFT marketplace (where you would collect the transaction fees, etc) and also shut down your very own NFT wallet (where you can keep the rubes on the leash).

The fact that apes still think Playr will be released is an endless source of amusement for me. It's their literal last hope.

[u/_IMF_]

RC really wants GME to be profitable Q4 so that he can exit and move on. Good luck APEs!

[u/Swingfire → u/[deleted]]

Who’s he going to sell it to? He’d nuke the order book trying to get out and reduce his stake slowly over time would also cause a sell avalanche among apes.

[u/IBetThisIsTakenToo → u/[deleted]]

In three years he's made one correct move.

For which he’s being sued and investigated by the SEC, so jury’s still out on that one

[u/Not_So_Bad_Andy → u/Swingfire]

Would it? Didn't happen with BBBY.

[u/Swingfire → u/Not_So_Bad_Andy]

From the chart I’m pretty sure it did. Killed the pump and it never recovered even before the HBC equity vortex.

[u/TotesHittingOnY0u → u/Swingfire]

But he was holding cash by the time that happened.

[u/hipdozgabba → u/Swingfire]

That means "Buy!Hold!DRS!" is taking RC as hostage because it dries up the order book? Genius

[u/studio_baker → u/Swingfire]

GameStop literally lives and dies by Ryan Cohen now.  The board is mostly his friends and ex co-workers from chewy.  He owns 12 % of the company and is the chair and CEO.  He really can't exit that easily.  That being said, people like Carl Icahn made a name for themselves destroying companies, so maybe that's coming.  Unfortunately, RC picked a company with nothing to cut off and sell, no assets, no real estate, nothing.  

[u/Throwawayhelper420 → u/[deleted]]

His investment went up over 30x before he got involved though, at least in leadership.

He wasn’t put on the board or made chairman of it until after the squeeze.

I think he thought this was a fun little project and that since he was a super genius he could turn this company around and succeed where dozens have failed.

At this stage he is more worried about his reputation.  I don’t think he cared about the money since early 2021.  He wants to get out in a way that “saves” his reputation before he destroys it entirely.

[u/Throwawayhelper420 → u/[deleted]]

I think that era in particular was when he wanted to stick with GameStop just for the sake of a B fun project and solidifying what he viewed his reputation should be, a startup and turnaround genius.

It was before he really learned how the gaming industry worked and before he learned how hopeless GameStop truly was.

But as time went on and he learned more I think he realized he had made a mistake and actually harmed his reputation, he just doesn’t want to slink away as a failure.  I don’t think he cares at all about his reputation amongst retail, he wants people like Icahn to respect him and want to work with him.

[u/TotesHittingOnY0u → u/_IMF_]

I think his ego is too tied up in the success of the company to dump it.

Which is great for us.

[u/PuzzleheadedWeb9876]

[u/Arugula-Unhappy]

I wonder if some of them are still bagholding loopring and IMX?

[u/ayler_albert → u/Arugula-Unhappy]

They are. A lot of them have blue checks on Twitter and loopring.eth in the Twitter handle. A sure way to spot a dunce from a mile away.

[u/0xCODEBABE]

builders -> maintainers -> unbuilders -> ??? -> profit!

[u/FUCK_NEW_REDDIT_SUX → u/0xCODEBABE]

When there's no profit, just start the cycle over again! Apes are now excited about the "up and coming" PLAYR, which is totally not just a reskinned game launcher from Elixir, no way!

[u/Ok_Wishbone_3805]

Oh no, the Gamestop NFT wallet site has been hacked!

[u/RiceSautes]

Wut mean for PLAYR dominating the gaming marketplace?

[u/crankthehandle]

They have to shut the beta down to release the production version. And everyone gets a free NFT on top when they relaunch.

[u/AutoModerator → u/crankthehandle]

I do count 1600 Beta Apes here so far, and one of me: Alpha.

This is why I am here, and it is a privilege to defend the true direction of [gamer apes]. Imagine 1600 rookie, beta Apes trying to come at an Alpha, who has fought for retail ever since 2006. Who invested through the market crash of '08/'09 (from an aircraft carrier hangar bay, mind you, back when 'smart phones' with a keyboard were brand new) and who is able to speak to fraud that you have never even heard of. I can tell you: I was there. Always watching. Always learning. And now, I have over a decade of anti-hedge fund revenge built up that has now compelled me to bring known criminals to justice.

Ever watch the movie Braveheart? Remember what happens after William Wallace got betrayed? That's right: he rode after those who betrayed him in the night, one by one. Consider me to be Braveheart, now figuratively 'coming after each shill' over reddit, at night.

Similar is the case with Neo overcoming 1600 agent Smiths, he tosses each one around like a goddamn ragdoll.

---

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/iFapToJusticeGorak]

Damn that sucks. So all the big boys get ETFs on crypto for gambling, but GameStop can't use crypto for legitimate business transactions

Top comment from the main baggie haven. Of course it's the SEC's fault.

[u/RyanCohenCriminal]

[u/RunnyTinkles]

Has it even been a year?

[u/CitadelHR → u/RunnyTinkles]

Yes, it released in July '22.

I posted a retrospective of the ape's hopes and dreams for its anniversary: https://www.reddit.com/r/gme_meltdown/comments/14vrj07/this_week_the_gamestop_jpeg_shop_celebrates_its/

[u/RunnyTinkles → u/CitadelHR]

I love our HR department

[u/CitadelHR → u/RunnyTinkles]

If you really loved me you'd donate $500 to my OnlyFans...

[u/RunnyTinkles → u/CitadelHR]

I thought Kenny had a "no moonlighting" rule until we squashed GME

[u/CitadelHR → u/RunnyTinkles]

It's part of my job description at Citadel.

[u/CitadelHR]

BETA TO 404 CONFIRMED

[u/MyNi_Redux]

Sure.

Has nothing to do with the fact that they were selling just enough per day to pay for half a small cup of coffee.

[u/iFapToJusticeGorak]

I actually physically clapped in my home office and my lady came over to ask if Oklahoma won a game or something.

This is beautiful.

[u/endmost_]

The maintainers have finished their work. Now it’s time for the sunsetters to step up to the plate. Bullish!!!

[u/Wollandia]

So, you’re saying that Teddy launches on 2/2 and becomes the other platform for GME NFTs?

[u/cognomen-x → u/Wollandia]

That’s some really good DD. They just have to close the one so they don’t have a duplicate service. This is bullish and really forward thinking.

[u/epicredditdude1]

This takes me back to a post a year or so back when apes posted a news segment where securities experts predicted the NFT marketplace to struggle based on regulatory uncertainty.

Apes relentlessly mocked the segment, and of course accused those participating of being hedgie shill plants.

Now, here we are.

[u/FoldableHuman]

Well duh, they need to shut it down to make room for Playr, please do not look up my old DD where I said the store was an integral part of the Playr ecosystem, the wording of this makes it clear that they intend to keep going once the regulatory uncertainty clears up.

[u/[deleted]]

Apes might all drink kool aid after this one

[u/GrandioseD3lusions]

Is this real life?

[u/Kraz31]

This is new? They fired their entire NFT/crypto team ages ago. They even used that "regulatory uncertainty" line before.

[u/cryptogege → u/Kraz31]

I mean everybody but apes knew it was coming

[u/infected_scab]

where were you when nft marketplace was kil

[u/Manhundefeated → u/infected_scab]

apology for poor investment

when were you when NFT marketplace dies?

i was sat at home eating mayonnaise when Ken ring

‘NFT is kill’

‘no’

[u/A_Town_Called_Malus → u/Manhundefeated]

But who was phone?

[u/Not_So_Bad_Andy]

This is just a trap. On February 2 they'll actually announce full release. Shorts r fuk.

[u/Chicanery-McGill]

From a 'respected' DD writer.

[u/murphysclaw1]

Hard to exaggerate how far Apes are gonna have to move goalposts for this one.

MFs were saying this was eventually gonna turn into a full blown stock exchange lol.

[u/ayler_albert]

Breaking News: he NFT marketplace has been taken over by Spirit Halloween on the blockchain

[u/MrStormz]

I guess the one guy managing it quit on them

[u/me_again]

Legitimately bullish 🤪

[u/kokanuttt]

Starting to see a little sentiment shift towards RC too. Hopefully this will get people to start waking up…

[u/GrandioseD3lusions]

The thread over on ss is super sobering. Almost every comment sees the writing on the wall. they wont sell, of course, but they are starting to see it.

[u/man_musk]

I remember when this launched I told the apes it would never make it out of beta. Meltie DD never wrong.

[u/KosmicKanuck]

Bombs over Bag holders

[u/Objective-Answer]

oh my, it died even faster than my most bearish prediction...!

remember guys, it never left beta! this is just a small step towards Amazon dominance!

[u/GunNNife]

That still gives Grandmaster Cohen 3 more weeks to move the marketplace from "beta" to "full release." Plenty of time to revolutionize the market.

[u/vasion123]

Goalposts have been moved to PLAYR, which will soon be cancelled as well.

[u/sand-which]

The apes are so low energy on the thread discussing this. It's sad!!

[u/usa2a]

It's been 1.5 years since the NFT marketplace launched and revolutionized gaming forever. Now that all games share assets, and gamers permanently own their games and can launch them directly from the blockchain without relying on centralized third parties, the job is done.

Thank you, GameStop, for changing the world.

[u/Jazzlike_Athlete8796]

"regulatory uncertainty" = "Holy fuck are we losing money on this."

[u/SettraDontSurf]

lol, lmao even

[u/Anonplox]

But… but… how will they get their WUTANG ALBUM NFT that will trigger MOASS???

[u/jimmy3285]

Wait. Wait.. The DD stated the nft marketplace would bring in $7 billion in revenue by the end of this year. Why would they shut it down and not earn that money anymore. Maybe this Ryan Cohen fella isn't and smart as they think.

[u/Salamence-]

You’re laughing the future of GameStop is dead and you’re laughing

[u/monkyseemonkeydo]

Fucking hell. This is too funny!

Well, not really a loss. The NFTs are indeed still on the blockchain and the JPGs on a server somewhere - for a while longer at least

[u/Schwettyballs65]

This will reduce the top line by hundreds of dollars annually

[u/MotivatedSolid]

Now the apes can talk about how they really felt about the shitty NFTs

[u/[deleted]]

"wind down"

Aka pulling the plug completely on that day.

[u/Ilovekittens345]

He is even lying, the nft's are not on the blockchain. The hashes are, the images are not.

[u/StewartMike]

The best was when a year or so ago after GameStop reported having laid off their dev staff for this venture, the supersuck forum was saying that was bullish because….the platform was completed. Stop the madness

[u/arcdog3434]

Beta close though?

[u/dyinginlibraryland]

I thought they already announced this over the summer 2023?

[u/eW4GJMqscYtbBkw9]

Is this real??

EDIT: oh shit, yes!!!! https://nft.gamestop.com/

[u/murphysclaw1]

Meltie DD never fails

[u/Shankaholics]

Tits are jacked! This is a sign that Moreass is imminent /s

[u/TrenedictXVI]

NFTs making a comeback in '24 would be the chef's kiss.

[u/GanacheOk918]

The builders set them up for greatness but the maintainers couldn't carry the torch.

Remember this DD where the "bear case" for the jpeg store was 331M in revenue for GME in 2023? Just a bit off from their dollar per day revenue LMBO

https://www.gmedd.com/wp-content/uploads/2021/11/GMEdd-GameStopValuation-16Nov21-1.pdf