Question:Couldnt the CEO of now large cap gamestop now raise billions and set up dominos pizza like driver delivery from all stores turning gamestop into a massive amazon like online retailer instantly? (while providing many driver jobs)
Wouldn't that sort of instantly turn them into an futuristic online retailer with a huge in place local distribution system with virtually same day delivery?
So suddenly gamestop isn't old "brick and mortar" but now new "online & distribution center'. Also would sort of be a an uber or uber eats as well except they would be "gamerber"
Could they do that?
Didnt tesla when their stock went way up use the opportunity to raise billions to be able to do more?
I mean couldnt such a huge vote of confidence by retail investors actually allow them transform the company?
That's not how stock works.
Gamestop doesn't have any more money that it did yesterday and it's still a shit company destined for bankruptcy.
They don't own any of their stock. That's how stock works. The investors bought a percentage of ownership in GameStop and are trading those percentages amongst themselves.
The big hedge funds thought they could buy it all up cheap and end up in full control of GameStop, make a profit on the side, then sell off GameStop's assets in bankruptcy to earn another profit.
Instead, they are going to have to pay out tens of billions to the people who caught onto their scam.
Meanwhile, GameStop hasn't changed at all and will still go bankrupt.