Why Meme Stocks Amc Entertainment And Gamestop Are Still ‘in Danger Of Declining To $0’

I ordered a used game for my son online because according to their website all items bought by them are inspected for product quality. The game arrived damaged with 2 cracks in it therefore, it was nonreadable by the console. I spoken to customer service 5 times to get my full refund and Game Stop will only give me a partial refund even though they sent me DAMAGED PRODUCT. They are refusing to refund the 1 year warranty plan I purchased, Tax and Handling charges. I bought an item 3 months ago for same day delivery and the delivery driver stole the item.

For what it’s worth, the movie never really convinces us that GameStop has made or will make any real and significant changes, as Tarzia and a fellow online-video streamer known as “Roaring Kitty” insist. When, though, has that ever mattered in the big casino we call the stock market, anyway? It was never the point, and one of the more ingenious and revealing consequences of the 2021 short squeeze is how it made that reality clear to anyone paying attention. GameStop has a huge selection of new and used games at fantastic prices.

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The website never showed my order on my account, and when I looked up my order activity, there was no record. I called customer service and the rude lady on the phone said I would have to wait for them to ship it, then they would get the carrier to change the address and that the website messes up. People on the political left and right in the United States see the squeeze as a good thing, and that, apparently, is as deep as Tulis is willing to dig into the politics of the issue . “AMC’s cash crisis puts the company’s stock at significant risk of declining to $0 per share as tightening financial conditions render financial engineering schemes unsustainable,” he said. Are having another moment, gaining 20% and 48.7% in the past month, respectively. New Constructs analyst David Trainer remains skeptical of the two stocks and said both AMC and GameStop’s underlying businesses continue to struggle.

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If there’s anything to be learned from the GameStop affair, it’s that a leveling of the playing field is the only hope to start reshaping the landscape of America’s economy. The series begins as education and ends as activism, equipping the audience with knowhow and then urging the legislators to allow them an honest shot to use it. While Deml’s skeptical about whether the vampire squids of capitalism can ever be bested, he’s confident that the craftiness of smaller players on the margins will only continue growing. A smart, fun look at how GameStop’s stock made a small group of people very rich during the COVID-19 pandemic.

  • For three and a half months straight, six or seven days a week, Deml and his producer Tessa Byford spent 14 to 16 hours on the “brutal” post-production process required to render these lessons layperson-friendly without losing their nuance.
  • Much of the documentary is devoted to explaining the arcane physics of the market and unpacking its jargon, often through slick animated visual aids and voiceover from Kieran Culkin (practically in character as Succession’s smarmy Roman Roy).
  • Benzinga does not provide investment advice.
  • Bank and thrift deposits are insured by the Federal Deposit Insurance Corp.

It was suppose to come out on August 1st 2022. My money was taken out for the pre order but never received confirmation on shipping. When I go to check to see what’s going on, it still shows waiting for the product. Well if you’ve ever pre ordered from game stop you know that they do not take your money until the product is available for shipment.

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They keep saying investigation is not complete and call back in few days. Obviously the video was good to have a police report that driver didn’t deliver item. I bought a refurbished cell phone that was bad. I sent the phone back because it was not working correctly. I contacted them on 7/27 (according to FedEx the phone arrived 7/21).

I tried numerous times to contact them through email , chat, and phone number with no luck. Finally, today after waiting for half a hour I was able to get a hold of someone. The guy that helped me was pretty nice and was able to tell me why my order has not shipped.

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Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration. Trainer estimates AMC only has enough cash to sustain operations for another 20 months or so unless its business fundamentals improve significantly. Despite recent rallies, analysts say their underlying businesses may have little value.

A Smart, Fun Look At How Gamestop’s Stock Made A Small Group Of People Very Rich During The Covid

It’s the pandemic and a lot of people are at home, bored. For all of the definitions and data that Tulis presents in this movie, the filmmaker either misses gamestopped review or ignores that larger point. I have been buying products consoles games and so much more for my kids myself family over the course of more than 20 years.

He knows us by name and will call us when things come in he thinks my kids may like. My daughter is disabled and he is amazing with helping us find products that will work for her. They have children working in their stores who have no clout, no ability to understand reason and make a logical decision.

The store is located at 6000 Glades Rd, Boca Raton, FL inside the boca mall Town Center at Boca Raton. The person that sold the video game to kid the receipts at Kyle. Gamestop should do something because this is getting ridiculous. How can this man sell this video game to this underage kid. I ordered some things off their website and once I was done checking out, their system added an old shipping address and a different price. I emailed customer service twice immediately after I got the order confirmation, but heard nothing back.

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Apparently game stop does not know how manage pre orders and regular orders and ended up selling out of the item and now have it on back order. Even though I pre ordered this item back in November of last year I now have to wait even longer because they sold out without completing all of the pre orders. Sorry for the long review but this is really frustrating and will be the last time I ever order something from game stop. But in an era when a degree’s worth of knowledge sits waiting on the internet, it was only a matter of time until some normal folks realized that everyone’s making it up as they go. “Anyone who claims to know everything about how the market works is lying to you,” Deml says. While finding his way around the no-fee investment app Robinhood, he became obsessed with big-fish frauds like Enron, and “how people deceive each other to make more money than they deserve to”.

Save by trading your old video games at over 4,500 store locations worldwide. Shop online at GameStop.com for popular PS 3, PlayStation 3, playstation3, PS3, PS 2, PS2, PlayStation 2, playstation2, PSP, Nintendo Wii, Wii, Nintendo DS, DS, X Box, Xbox360, Xbox 360, Game Cube, GameCube and PC Games. As Deml puts it, how any of this is allowed to happen represents “a tough question with a layered answer”. Much of the documentary is devoted to explaining the arcane physics of the market and unpacking its jargon, often through slick animated visual aids and voiceover from Kieran Culkin (practically in character as Succession’s smarmy Roman Roy). For three and a half months straight, six or seven days a week, Deml and his producer Tessa Byford spent 14 to 16 hours on the “brutal” post-production process required to render these lessons layperson-friendly without losing their nuance.

I just made a purchase and was charged to then later be told they canceled. Did not return my money and their only reason was “I don’t see a specific reason for the cancelation” and that was all. Benzinga does not provide investment advice. Trainer said GameStop shares also face a significant risk of falling to $0 in the long term. “The company’s valuation simply cannot be justified by the deteriorating fundamentals of the actual business,” he said. All reviews are published without moderation.

Mostly, though, they’re united by a then-weird love for a company that had become a joke among its target customers. You don’t promise delivery dates when you pay extra to ship. Give 1 tracking number for 2 packages being sent. Spent over 400 bucks so gamestop could screw up my son’s birthday. I am so mad at this store for selling a rated M for mature video game to my 15 yr old kid.

The inevitable came to pass when Reddit users posting on the board r/wallstreetbets turned their plugged-in access and organization into power, an unprecedented episode on which Deml plants his focus. You may recall buzzing about GameStop last January, as the brick-and-mortar video game https://xcritical.com/ retailer’s lagging stock soared out of nowhere. Banded together for strength in numbers, the Redditors were pulling off a daring “short squeeze”, buying up shares of GME en masse to pump up the value before selling them back to big Wall Street firms who’d have to eat the difference.

A high-risk, high-reward maneuver liable to fluctuate wildly over the course of a single day, it made millions for a select few and left many others in destitution. For better or worse, their stand blew up the toll booth barring ordinary folks from one of the fastest pathways to wealth. I pre-ordered the LMTD Halo Nerf needler back in November of 2021.

In the curious case of GameStop, he saw a David and Goliath narrative pitting a band of eccentric nerds against one-percenters perched comfortably in the highest halls of influence. His fascination wasn’t just in this unlikely uprising, however, but in its outrageous outcomes. Just as it seemed like the rabblerousers on r/wallstreetbets had the fatcats at Citadel Securities poised to take a big hit, Robinhood put the kibosh on the whole operation by halting all buying of GME and other so-called “meme stocks”. App users cried foul, and upon learning that Citadel Securities pays Robinhood for its order flow, directed those complaints into a class-action lawsuit on charges of market manipulation. The lawsuit was later dismissed and the SEC’s official report into the matter contained no evidence to support the claim.