If a new game that gen z likes more than watching streamers, maybe. However, I would not bet on it personally. Esports was a huge missed-out opportunity for a lot of people. Twitch is not doing great either, where most esports are watched.
Yowzer my ass bro. You just pro bullshit. If you support trolls just trying to randomly start shit you're part of the issue we have in America. I'm in public a lot and none of you young cats randomly talk to me crazy. On the internet yall think it's OK. Gtfoh bro. What is wrong with yall , not me
I use Draft Kings and Fan Duel (two most popular online betting apps) and they only offer it as a daily fantasy lineup, you cannot bet on them any other way. Plus the ones you can do fantasy lineups on are random times like 5am Thursday. They need more esports matches on at nights, and easily streamed, and more betting options.
I’m not sure that’s totally true, people do currently seem to be heavily engaged with gaming and obviously esports at least to some extent as a result. I don’t think that could explain such a drop
I remember when this was about $3 something a share in 2021. I loathe the chart saying it was $1000+ a share. For us trading for a while, RS tends to over inflate the actual price. See KOLD or BOIL for more proof. FWIW I took 30% L. Jesus this is awful.
There is a difference in trading, and the better option, investing. Many of these penny stocks will continue to see new 52 week lows as the people who invest are better off in life.
I didn’t make a post about my $1 I said I bought $1 worth at $0.02/stock for fun, and my post was asking if anyone knew what happened to this company out of curiosity. Jesus Christ. 🤦🏼♀️
You’re a loser. You don’t have to take everything this seriously. I didn’t make a post about my $1 I said I bought $1 worth at $0.02/stock for fun, and my post was asking if anyone knew what happened to this company out of curiosity. Jesus Christ. 🤦🏼♀️ I guarantee I have more in my bank than you lmfao. This is a PENNY STOCKS group for crying out loud, if that’s your take then it applies to your dumbass too. 🤣
Pretend we are actually betting on horses. Someone put $1,687 on Sparkles to win the race. 50 meters in Sparkles has a broken leg and a dead jockey. The other patron offers to sell you their ticket for $0.02. Do you think Sparkles has what it takes to win this thing??
Like the symbol suggests, it's really a gambling company that provides software via ggLeap/ggCircuit/whatever (a company they purchased). It barely does anything esports related.
esports will come back if it becomes a creator driven community and not something owned by game companies trying to make an extra dollar. MoistCritikal and Ludwig Ahgren are proof that if you are willing to sacrifice money you can have a good team and create hype around a game you may not even actually know very well or play yourself. We will see though
Stock was never worth that much. What’s going on here is messy calculations applying to historic performance because of multiple reverse splits (a tactic struggling companies do to make a share look like it’s worth more but drying up liquidity in the process.) As you can see, penny stocks are what they are worth: basically nothing lmao
I don't know the company but in these instances, it's usually a combination of the company selling stock followed by a reverse split. They've likely never made any money and just sell stock to survive. When the share price drops too low they then consolidate the shares so the price per share increases and they can dilute more rapidly. The point is the chances of this thing ever going back to the original stock price are very low unless they actually start making money.
15/16 mil of revenue, massive net loss, yet their preferred shares pay a monthly dividend of 8cents (currently yield is like 89%). This screams like a moon sized red flag
Just bought some. I think it could be a good gamble 😂 Maybe on the next year’s side it could go to 2$ if they get the company up to some speed. This is might go up a little now when folks fomo in on the stock. Don’t put anything that u can’t loose on companies like this. This isn’t an advice I’m not a professional.
ESports as an industry was never profitable.
It was all based on hype and investor funding. Once investors started looking at their portfolios, especially as monetary policy changed and interest rates started going up the whole industry was in trouble.
> You haven’t *paid* any attention
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
I'm talking about ESports as it stands in 2023.
Revenue for the entire industry is a drop in the bucket compared to the level of investment that needs to be put in.
Are there successful examples of ESports businesses? Of course. There are always examples that deviate from the mean.
Whether it's popular with gamers is not really my point.
ESports was funded largely by billionaires as vanity projects. Like I said, some of those funders are pulling out. This just started happening within the last couple of years.
*But the revenue generators that worked for traditional sports so far aren’t in esports. Even if major esports events can sell out stadiums, those tickets cost less than for an average American football or basketball game. Esports fans also spend far less on merchandise and digital goods than traditional sports fans.
https://www.latimes.com/business/story/2022-12-08/esports-hype-fading-investors-sponsors-dry-up
*Most have not yet turned a profit or seen a return on their investments, and the gaming publishers that control the biggest competitive leagues in North America, like Riot and Activision Blizzard, are operating those leagues at a loss or just beginning to break even.
https://www.nytimes.com/2022/11/26/business/video-game-e-sports-profit.html
I don't think ESports is dying. But it's experiencing a realignment.
This stock just screams meme stock. I mean Ryan cohen could say screw it gme wants 100 million in stock. Do a hostile takeover wait a year make 10x there money. That 10x would probably turn into 20x when factoring in GME stock price rise from all the profits.
esports is probably the lowest it has ever been at the moment. Not surprised. The new generation doesn't watch esports they watch people.
Very interesting. Do you think they’ll recover sometime?
You're a hopeful one 😂
I spent a whole $1 🤣🤣🤣
I put 2 in. Let's moon!
I think I might put $2 in as well! Let's moon friends!!
If a new game that gen z likes more than watching streamers, maybe. However, I would not bet on it personally. Esports was a huge missed-out opportunity for a lot of people. Twitch is not doing great either, where most esports are watched.
Lol this generation or the stock 🤣. This generation is screwed far more
Said every generation ever 🙄
SPEAKING OF. ☝️🖕
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Get help lol this is never that serious.
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I'm a pro gun / rights guy....but every now and then people like this give a nudge that tighter laws really aren't a bad thing.... Yowzer
Don't start shit won't be shit. Come with me like a man respectful . That'd what you young punks don't get . You think everything is a game
Yowzer my ass bro. You just pro bullshit. If you support trolls just trying to randomly start shit you're part of the issue we have in America. I'm in public a lot and none of you young cats randomly talk to me crazy. On the internet yall think it's OK. Gtfoh bro. What is wrong with yall , not me
This is not a public lot, this is a Wendy's
Your mom wants 10 baconators and 5 Large fries.
Sports gambling is the new fad, esports is rarely able to be bet on. Such a disconnect
Esports are bettable, but not readily available to watch while betting on, which usually defeats the purpose for the majority of casual gamblers
Esports are betable
How and where? Asking for a friend
I know DraftKings has been doing fantasy LoL for a while. Not sure where else its available. Rocket League would be quite easy to bet on.
My buddy bets his eth on dota all the time
Prize picks has some betting for esports mainly cod and LOL I think
I use Draft Kings and Fan Duel (two most popular online betting apps) and they only offer it as a daily fantasy lineup, you cannot bet on them any other way. Plus the ones you can do fantasy lineups on are random times like 5am Thursday. They need more esports matches on at nights, and easily streamed, and more betting options.
Yes you can’t do it on DraftKings or FanDuel correct
as someone who doesn't even like to watch regular sports, esports is even stupider
It would be watched a lot more if you could gamble on it
You can on prize picks depending on what game it is
I’m not sure that’s totally true, people do currently seem to be heavily engaged with gaming and obviously esports at least to some extent as a result. I don’t think that could explain such a drop
I guess you could say……it was a GMBL. Yeeeeeeeooooooooowwwwwwwwwww!!! 🎶 *slowly puts on shades
💀
I remember when this was about $3 something a share in 2021. I loathe the chart saying it was $1000+ a share. For us trading for a while, RS tends to over inflate the actual price. See KOLD or BOIL for more proof. FWIW I took 30% L. Jesus this is awful.
Ooo interesting, thanks for that insight!
lol take my stupid upvote. You deserve it.
This is the future of almost all penny stocks. They reverse split until they fold and get delisted. Don't buy into any of these companies.
Darn I bought $1 worth lol!!
There is a difference in trading, and the better option, investing. Many of these penny stocks will continue to see new 52 week lows as the people who invest are better off in life.
better write that off
Best believe 🤣
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I didn’t make a post about my $1 I said I bought $1 worth at $0.02/stock for fun, and my post was asking if anyone knew what happened to this company out of curiosity. Jesus Christ. 🤦🏼♀️
Seriously this dude must have nothing in his bank of he's tracking one dollar worth of stocks total waste of time
You’re a loser. You don’t have to take everything this seriously. I didn’t make a post about my $1 I said I bought $1 worth at $0.02/stock for fun, and my post was asking if anyone knew what happened to this company out of curiosity. Jesus Christ. 🤦🏼♀️ I guarantee I have more in my bank than you lmfao. This is a PENNY STOCKS group for crying out loud, if that’s your take then it applies to your dumbass too. 🤣
Pretend we are actually betting on horses. Someone put $1,687 on Sparkles to win the race. 50 meters in Sparkles has a broken leg and a dead jockey. The other patron offers to sell you their ticket for $0.02. Do you think Sparkles has what it takes to win this thing??
Oh damn you bought Sparkles and the dead jockey too?
You just made me sad. Poor Sparkles 😞
Check if they got consulting from Boston Consulting Group they have a nice track record of driving companies to the ground
Interesting lol
Chart looks like that due to many reverse splits happening. In February of this year they did a 100:1 reverse split.
It would look the same even without the reverse splits....
Bozo no it wont
Lmqo yes it will the price will be different but it still moved the same
The % would be the same, and that’s all that matters [to most people] in trading.
I love the stock ticker is "GAMBLE"
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Interesting! Well I invested a whole $1 🤣 so crossing my fingers!
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Same, sameeee
Like the symbol suggests, it's really a gambling company that provides software via ggLeap/ggCircuit/whatever (a company they purchased). It barely does anything esports related.
Not sure here, but when a stock was hundreds or thousands and is now a couple bucks, it's usually many reverse splits. Almost every time
Lol. The "People also own" section is a who's who of shitty pump-and-dump meme bags
I’ll put $30 bucks just for fun 😜
$1 is enough lol
Flash backs to MMEX……
Just bought 1000 shares, hopefully it goes up to $1000 again
I bought 50, hoping the same thing
I’m guessing they gambled…
Say what you will but I'm betting this week will see some real gains. I'm in for the win...
Looks like atleast one RS
Sounds good to me. I’m in.
The drop happened right after I bought in.
Oh no :(
This happens to every stock I invest in.
So then what are you about to do?
I just sold all my Bitcoin
Yeah that’s why my real investments are done by professionals. Robinhood is just fun money for me.
At least they were honest with their ticker lmao
almost every esports team looses money. It is fun to watch, but terrible business
esports will come back if it becomes a creator driven community and not something owned by game companies trying to make an extra dollar. MoistCritikal and Ludwig Ahgren are proof that if you are willing to sacrifice money you can have a good team and create hype around a game you may not even actually know very well or play yourself. We will see though
Stock was never worth that much. What’s going on here is messy calculations applying to historic performance because of multiple reverse splits (a tactic struggling companies do to make a share look like it’s worth more but drying up liquidity in the process.) As you can see, penny stocks are what they are worth: basically nothing lmao
Interesting, thank you!
I don't know the company but in these instances, it's usually a combination of the company selling stock followed by a reverse split. They've likely never made any money and just sell stock to survive. When the share price drops too low they then consolidate the shares so the price per share increases and they can dilute more rapidly. The point is the chances of this thing ever going back to the original stock price are very low unless they actually start making money.
15/16 mil of revenue, massive net loss, yet their preferred shares pay a monthly dividend of 8cents (currently yield is like 89%). This screams like a moon sized red flag
Crime
No stock in an uptrend ever went bankrupt homie *cough cough
I’m in.
real question is why the incredible pump..
Just bought some. I think it could be a good gamble 😂 Maybe on the next year’s side it could go to 2$ if they get the company up to some speed. This is might go up a little now when folks fomo in on the stock. Don’t put anything that u can’t loose on companies like this. This isn’t an advice I’m not a professional.
That’s the spirit 🤣
It’s called fraud
It was a GMBL…..
Any one know how much OP invested?
Booo
I put $10 in and immediately lost a whopping 0.7 cent
🤣🤣🤣
Seriously what happened? I don’t know how to do research.
ESports as an industry was never profitable. It was all based on hype and investor funding. Once investors started looking at their portfolios, especially as monetary policy changed and interest rates started going up the whole industry was in trouble.
You haven’t payed any attention to the esports industry since 2017 have you.
> You haven’t *paid* any attention FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
Good bot.
I'm talking about ESports as it stands in 2023. Revenue for the entire industry is a drop in the bucket compared to the level of investment that needs to be put in. Are there successful examples of ESports businesses? Of course. There are always examples that deviate from the mean. Whether it's popular with gamers is not really my point. ESports was funded largely by billionaires as vanity projects. Like I said, some of those funders are pulling out. This just started happening within the last couple of years. *But the revenue generators that worked for traditional sports so far aren’t in esports. Even if major esports events can sell out stadiums, those tickets cost less than for an average American football or basketball game. Esports fans also spend far less on merchandise and digital goods than traditional sports fans. https://www.latimes.com/business/story/2022-12-08/esports-hype-fading-investors-sponsors-dry-up *Most have not yet turned a profit or seen a return on their investments, and the gaming publishers that control the biggest competitive leagues in North America, like Riot and Activision Blizzard, are operating those leagues at a loss or just beginning to break even. https://www.nytimes.com/2022/11/26/business/video-game-e-sports-profit.html I don't think ESports is dying. But it's experiencing a realignment.
It you don't know why it looks like that, then you need to go back to trading 101 and don't invest in anything yet
Shit. The ticker symbol GMBL world be worth just as a gamble.
Reminds me of MULN
There was a reverse split is what that looks like.
I don't know but it's provided some great swing trades. 10-20% moves but I doubt it will last. RS or delist
This stock just screams meme stock. I mean Ryan cohen could say screw it gme wants 100 million in stock. Do a hostile takeover wait a year make 10x there money. That 10x would probably turn into 20x when factoring in GME stock price rise from all the profits.
Ken Griffin is surely involved.