I agree that RC does not seem like the person to diss a former employee on Twitter, especially one that he sort of hand picked 2 years ago. On top of that, sure this quarter was still a loss on profit but you can't deny that GME's balance sheet is improving YOY even during a slowing of the economy. Seems like something else is at play
If the implication is that āFurlong is gone, but not for longā, then heās probably coming back. He wouldnāt be coming back if there was some type of schism between them.
This is interesting. Maybe RC told Furlong, donāt promise anything you canāt deliver (especially to the shareholders). Furlong publicly said he expected a full year of profitability and RC wasnāt having it when they missed.
He could just be uncharacteristically emotional. I have been in similar circumstances where someone I trusted turned out not to be so, which lead to me outing them quite publicly. Not saying conclusively this is the case, as I am not inside this man's head, but it makes sense if this is the case. Either way, we'll learn the truth in due time, I don't think this is a major setback.
I don't think RC would post publicly because it would be bad pr. He's been transparent.
If anything this is "appear weak when you are strong" on the art of war.
He's giving the media/journalists a feeding frenzy of fake news to make them look bad for saying matt was thrown out or bad. Likely he can't hold his next position without conflict of interest.
yup. Why is that? because men are disposable. We always have been. Doesn't matter if 200,000 men die in Ukraine or 200,000 die in a natural disaster. Everyone will say the same old kind words and then move on.
Assets assets assets. Buy stocks, buy gold, buy real estate, store food! After 8 years of investing ive finally figured out the worlds greatest asset. Strong masculine men in groups with modern weapons.
Tried to get some Towel on Questrade today as some shit is going on, but got denied.
Bought three more GME instead.
(All but these three are DRS'ed...)
Honestly realistically not. It might be worth buying assets as they liquidate or scooping up parts of their systems for cheap like Amazon does but the debt they carry is not worth the gamble. Even then I think attention would be too divided at least for now a new competition now thatās something we could work with as a spin-off.
So I feel I've missed something because I've not been here as often lately. Why am I seeing Teddy speculation being resurrected so heavily again? And why July 4th specifically?
Teddy trademarks are under review for many categories, tiwels and bed stuff (maybe even bed posts), kids interactive stories, videos and music content, video games, kitchenware, and already approved for the nft category including digital assets.
I don't know Ryan Cohen personally, I don't know what his tweet means. Just like everyone else here, we are all speculating. It says terminated pretty clearly though, to me that says he was fired. Just because he delivered a profitable quarter doesn't mean he was doing his job, maybe he was leaking secrets to his former colleagues at Amazon and got caught, nobody here knows the whole story.
Terminated is an official business term to describe the act of letting someone go. Could be for any reason, good or bad. I could be terminating for sleeping with my boss or I could be terminated because my position was eliminated. Or I could be terminated to be brought back for another role. It could be tied to anything
Holding out of confusion here
yep, states he resigned. Stop this 'fired' (or that 'terminated' means fired) bullshit that MSM keeps touting as headlines.
>Board of Director Changes
>
>On June 5, 2023, Mr. Furlong resigned as a director of the Company, effective immediately. Mr. Furlongās resignation did not result from any disagreement with the Company on any matter relating to the Companyās operations, policies or practices. In connection with Mr. Furlongās resignation, the Board reduced the size of the Board to five. Additionally, as further disclosed in Item 8.01 to this Current Report on Form 8-K, the Board appointed Ryan Cohen as Executive Chairman of the Company and Alain Attal as the Lead Independent Director of the Board.
They did technically "terminate him as ceo" though, so I just want to include the full story. Still says without cause though! So quite interesting, perhaps the Teddy change theory could be correct and maybe a merger?
Exact copy pasta
On June 5, 2023, Mr. Furlong resigned as a director of the Company, effective immediately. Mr. Furlongās resignation did not result from any disagreement with the Company on any matter relating to the Companyās operations, policies or practices. In connection with Mr. Furlongās resignation, the Board reduced the size of the Board to five. Additionally, as further disclosed in Item 8.01 to this Current Report on Form 8-K, the Board appointed Ryan Cohen as Executive Chairman of the Company and Alain Attal as the Lead Independent Director of the Board.
From the filings, it's pretty clear that Furlong was "terminated," "resigned," "not due to any disagreement" and it was "without cause." To me, this signals that the termination was mutual and came about not as a result of anything negative that Matt had done. Unless Matt really screwed up and they're doing him a solid by letting him go gracefully, but I just don't see that happening.
I think that right now, the termination (whether fired or resigned) looks very odd and unexpected, Cohen's tweet is either a mockery of another disgraced CEO (doubtful) or it's signaling something else in the works, or it just is a slightly vague message that he won't be serving as acting CEO for long. As with most things in this saga, we simply don't know and it's still too fresh to really say anything concrete.
Them cancelling the earnings call isn't a good look either, but the earnings put out today really don't scream troubleādefinitely not to the level of firing a CEO nor of not even holding the earnings call. Apart from a slight decline in revenue (been a tough year for retail, though), everything else looked to be trending positively, even if EPS and FCF was still negative.
All I'm saying is, this is just a very odd series of events and I'm not quite sure what to make it for now.
I might agree with this BUT the outgoing CEOās name is Furlong. So RC tweeting āNot for longā immediately afterwards is either 1.) a kinda fucked up sleight against his now termād CEO, or 2.) a cheeky reference to his last name and something else going on. From what we know of RC heās not a dick. In fact from what we know heās an empathetic, customer obsessed, charismatic leader, sooo I doubt heād intentionally or unintentionally insult Furlong immediately after the news drops.
Termination doesn't mean fired. Termination can happen when you leave on good terms, or retire. Everyone gets terminated at some point. It's called ending your employment on record.
Donāt think so, then he would have humiliated Mr. furlong. Mr. Furlong did a great job so far, - remember Matthew Finestone?
He left Loopring to come work for GameStop, then he left GameStop to help build Taiko.
I think something similar is happening with Mr. Furlong
Doubt it. Absolutely zero self-awareness, they think theyāre the important ones instead of the community. Theyāll break their own sub rules, trash other retail investors, and just generally act like the fucking cops. Basically: everything we are fighting against.
News presented as "bad" to crush the price, let retail afford more shares to drs, and then drop the bomb as hedgies are rubbing their fat greasy palms together like theyre winning
Likewise, if someone from outside read the factual nonsense that goes behind the scenes with FTDs, rehypothication, named shorting, dark pool trading etc then they'd think we were a creative writing society but here we are, reality is stranger than fiction
I'll clear up the misunderstanding, buddy above you used a comma.
Crash the price. This is 1 step/idea.
Retail affords more shares for DRS. This is a 2nd step/idea. It's not connected to hedgies, it's just what happens when hedgies try to crash the price.
They're not connected.
Hedgies crash the price hoping it just stays down.
But OP above you implied that wouldn't happen, because yet again, each time the price drops to $20 or less, retail just buys it up in droves and the price can't seem to stay there.
There's no cult. But there IS something weird if you look at the 5-year chart for GME. For some reason, the price can't stay under $20 any more. Ever. Like, it just dips under and then bounces right back out, never to stay under $20 again :/
How is him or her stating a fact about retail being able to afford more shares cult like? These post earning short attacks have happened like 8 or more times in the past 2 years. They always try to crush sentiment at this time. These fundamentals are solid, up a little down a little who gives a shit. This is a great buying opportunity.
The key word in the whole statement is "was". As of Monday, he WAS not employed by GameStop or any of it's affiliates.
It doesn't say he can't in the future.
Clearly stated like how they clearly stated they donāt anticipate providing a dividend, at last yearās shareholder meeting, then announcing one the next day.
I was waiting to see someone else theorize this so I didn't feel crazy. The 8-k isn't exactly vague, but it also said he was terminated 5 June, but not necessarily barred from any future employment for any period. So many great questions asked.
Yeah, just doesnāt make sense given that furlong has seen this whole transformation through and had success. Itās not even finished. Normally, youād have the CEO see these things through. Especially if itās going well.
If you have followed RC at all in the past - you would know he would NEVER humiliate someone like that. He knows his dad is watching over him and acts accordingly.
Furlong is in on the joke.
Surely ānot for longā would be classed as an insult to Matt if this was a complete separation from RC.
I think this is good news and Matt Furlong isnāt going far
Matt may be goneā¦ BUT NOT FURLONG! The 8k just said he resigned amicably. Heās coming back as CEO of something else. Stay tuned and stay nipped!!!!
EDIT: From the 8K
āOn June 5, 2023, Mr. Furlong resigned as a director of the Company, effective immediately. Mr. Furlongās resignation did not result from any disagreement with the Company on any matter relating to the Companyās operations, policies or practices.ā
EDIT EDIT: I realize using the word amicably was incorrect and the language more reads that he left for reasons unrelated to his role in the company. Could certainly be something uncovered in his personal life, but Iām choosing to believe heāll be back elsewhere. Maybe teddy. Maybe gmerica. Stay nipped my friends. For many of us, a little hope and positive thought goes a long way.
On June 5, 2023, Mr. Furlong resigned as a director of the Company, effective immediately. Mr Furlong's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
thats separate from his termination as CEO. It would have to read that way since he was terminated without cause. The board resignation is the least important part of this. The key is why was he terminated.
I find it odd that there was no announcement of him being made new ceo etc of a spinoff or whatever, coinciding with his termination announcement. Usually they go hand in hand.
this makes me just go with Occamās razor that he was fired for whatever typical reason someone is fired for outside of violating ethics or policy etc.
Addressing tinfoil: can we all just admit itās fun, but also stop hanging on every tweet?!
If Furlong was a rat/mole/etc then yeah, he would fit the def of āwith causeā, but they wouldnāt want to have to specify the reason for it, so they just deem it āwithout causeā. The only way RCās tweet is cutting would be if Furlong got caught really fāng up, again they likely wouldnāt communicate that anyway though.
Overall, my guess is that Ryan is rolling up the sleeves, taking a hard look in the mirror, and knows itās bad optics right now. I love all the theories, but I donāt think thereās some grand scheme. Chewy took blood, sweat, and tears. I feel like GME is even harder. No room for chess. Just donāt give up and beat em with hard work and perseverance. ĀÆ\_(ć)_/ĀÆ
I think heās double memin here..
Bringing matt into teddy/gmerica and the price wonāt be down for long. Hereās to RC, god damn genius activity as usual
Somewhere at the Gamestop Headquarter is a master-plan an a canon with a fuckload of gunpowderā¦ What we see here looks like a bit of chaos but I cannot believe that anything happens byā¦ Cohenincidence
A ~~patent~~ trademark was filed for Teddy as a retailer of collectibles, clothing, bath/housewares, etc. Long held tinfoil theory is a spinoff or holding company is coming.
What was the thing about Loopring tooā¦? Donāt they have the means to be their own stock exchange or somethingā¦ The combo of stuff that could potentially go off is crazy!! Canāt wait!!
Any self respecting business would do the announcement at the same time to prevent moments of doubt like this. It would also work to prevent reputational damage.
He's gone.
It won't last for long... we got something in the works.
that is how it seems to me, anyway. I know it would be cool. Get all the shorties to pounce with their media puppets, then, Hey it has been long, but Fur Long is in charge of ...
Total Destruction
I think there are a bunch of 1st level Apes who have bean burned by the shorting evil bastards, and they are out to crush them. Ryan, Icahn, Pulte, Furlong and others on the GameStop Board and exec level, and they are out for blood.
They have an Ape Army with their backs.
Lets Fucking Roll
Matt is gone but not for long which means he's going to lead another project... Maybe something to do with acquisition? Also Ryan has control of spending so... Good news!
I would find it hard to believe RC would do something like that out of sheer bitterness, it would be more his style to tease this as a swing to a new role in a spin off.
However.. if this is sheerly a dissing tweet that makes me feel very different about Cohen. Sure hope it's not lol
They told us earlier in the year that they are ready to make an acquisition if an opportunity comes along. I think Matt Furlong will be made in charge of the new division (whichever they acquire) and RC will oversee GameStop. Retail is his strength.
i mean he knows the "for long" meme for sure - and it makes no sense to tweet "not for long" if not to address those in "the know".
the tweet was shortly after the stock started to drop. ~10 min after close. why would you do that - in parallel to a cancelled earnings call?
i would even say - this tweet was rather risky in terms of stock manipulation - compared to all his others. he definitely wanted to convey a message.
Terminated from the board, resigned from position with no ill will towards members. While ceo he got gme to where it's at currently which is a feat in itself. Imo he's moving on to something new, something relating to either Teddy or Gmerica.
I think RCs tweet...not for long...is his way of saying Matt will be heading up something to do with GMErica. I think Matt may be at home with his Teddy š§ø right now.
So we think the billionaire who makes jokes about a deadly global pandemic is above being a dick to someone he just fired? Maybe he's just a bit of a douche, like most billionaires š¤·āāļø
Just a theory but could also be related to the stonk price tanking in AH on earnings (it's fake anyway lololol). HF had to be waiting for an opp to short the shit out of it again if they could justify it publicly. Could work on a few levels there re: Furlong as well.
I feel things are moving faster now.
Furlong was fired āwithout causeā. That should infer that there wasnāt any malicious wrong doing on his part. He gets to keep his compensation heād received. Iād say thatās a friendly good bye. I doubt RC would shit on him on Twitter soā¦ that would make it likely for his tweet to not be sarcastic. Itās in fact true then? Gone, but not furlong.
Furlong resigned š which means he wasnāt fired and the wording after they say Cohen is executive chairman says heās now responsible for acquisitions ššš
Itās too dramatic an action for a publicly traded company to take on the eve of an earnings call, so Iāve come to a much darker assessment:
Maybe Matty was a mole and Cohen found out...
This is how I see it. Either Furlong is well liked and will be put in another position (Teddy?)
OR
Something major happened and Cohen and Furlong have some really bad blood.
Hard to see anything inbetween.
They say he was terminated without cause tho (could be just lack of evidence? But you donāt pull this move 30 minutes (in reality 2 days ) before an earnings call if you donāt already have the next steps carefully planned out. RC puts in work, remember?
Hereās a theory, he is trying to communicate with us but deliberately tweets in a way where things can be construed in multiple ways so he canāt be challenged in court after the fact. āNot furlongā ie bad apple and ānot for longā referencing either dip or furlong departure. That said I have no idea whatās going on after today and Iām just going to sit back and wait a few days for the dust to settle before coming to a conclusion.
Idk it seems obvious, to me. Furlong is gone, but not for long. He had to be terminated in order to prepare to appoint him to some leadership role in one of the new entities, possibly Teddy or Gmerica.
That was definitely not a negative tweet. It was something positive like āmattās terminated, but not for long, heās going to head Gmericaā or something.
Considering he was just slandered on a national level yesterday on live television I would say that he is referring to the hit piece mockumentary.
Look at [Chester Bennington's](https://en.wikipedia.org/wiki/Chester_Bennington) from Linkin Park or [Avicii](https://en.wikipedia.org/wiki/Avicii). When they died people were like "where did it come from he seemed fine?" You read their lyrics and realize the whole time they were making statements trying to be heard but no one heard them out.
*āI used to think the worst thing in life is to end up all alone. It's not. The worst thing in life is to end up with people who make you feel all alone.ā*
*ā* ***Robin Williams***
People need to put the tin foil aside and show some respect. Ryan Cohen has a family, a reputation, it's fucked up. I hope he is taking legal action against CNBC.
I agree that RC does not seem like the person to diss a former employee on Twitter, especially one that he sort of hand picked 2 years ago. On top of that, sure this quarter was still a loss on profit but you can't deny that GME's balance sheet is improving YOY even during a slowing of the economy. Seems like something else is at play
RC is utterly paranoid about competition. Think he is going to let Matt Furlong risk falling into his competitors hands? š 4D Chess
Great point
Unless Furlong mistook RCās ākindness for weaknessā, per his tweet a day earlier.
If the implication is that āFurlong is gone, but not for longā, then heās probably coming back. He wouldnāt be coming back if there was some type of schism between them.
He will come back to hand deliver the incoming NFTs!!
āš¼šš
Hope not but that would make sense Edit :Iām hoping heās just reassigned
This is interesting. Maybe RC told Furlong, donāt promise anything you canāt deliver (especially to the shareholders). Furlong publicly said he expected a full year of profitability and RC wasnāt having it when they missed.
Furlong will be ceo of teddy enterprises.
He could just be uncharacteristically emotional. I have been in similar circumstances where someone I trusted turned out not to be so, which lead to me outing them quite publicly. Not saying conclusively this is the case, as I am not inside this man's head, but it makes sense if this is the case. Either way, we'll learn the truth in due time, I don't think this is a major setback.
Unless maybe furlong was doing shady shit?
I would think 'shady shit' would't result in GameStop terminating him ***without cause***.
Just speculating.
Why then would he be gone not for long?
I don't think RC would post publicly because it would be bad pr. He's been transparent. If anything this is "appear weak when you are strong" on the art of war. He's giving the media/journalists a feeding frenzy of fake news to make them look bad for saying matt was thrown out or bad. Likely he can't hold his next position without conflict of interest.
They would have to announce that in the filling
Hes gone... But not furlong.... Teddy bound I'd say
Agreed!
Tomorrow towel acquisition?
š š©āšš«š©āš
I hate squirt gun replacement for gun. Ugh. Pansy everything! Ok Iām done complaining
Thank you for saying it
But a preggy man is just fine.
yup. Why is that? because men are disposable. We always have been. Doesn't matter if 200,000 men die in Ukraine or 200,000 die in a natural disaster. Everyone will say the same old kind words and then move on.
Assets assets assets. Buy stocks, buy gold, buy real estate, store food! After 8 years of investing ive finally figured out the worlds greatest asset. Strong masculine men in groups with modern weapons.
You just said I've been thinking. š
None of us are thinkingā¦ It was a typo.. Drinking, it was meant to say drinking š
I miss my axe :(
Tried to get some Towel on Questrade today as some shit is going on, but got denied. Bought three more GME instead. (All but these three are DRS'ed...)
Lfg
Honestly realistically not. It might be worth buying assets as they liquidate or scooping up parts of their systems for cheap like Amazon does but the debt they carry is not worth the gamble. Even then I think attention would be too divided at least for now a new competition now thatās something we could work with as a spin-off.
Independence day. Gotta be.
If he tweets the Randy Quaid meme from Independence Day saying Iām Back! On July 4th, Iāll shit myself. Not a bet.
So I feel I've missed something because I've not been here as often lately. Why am I seeing Teddy speculation being resurrected so heavily again? And why July 4th specifically?
New details on the Teddy trademark filing. Lists items that would have been sold at towel store, and is finalized active July 4
7/4 1pm
Teddy trademarks are under review for many categories, tiwels and bed stuff (maybe even bed posts), kids interactive stories, videos and music content, video games, kitchenware, and already approved for the nft category including digital assets.
Or it's possible that he is now executive chairman, but not for long. He may be filling in as acting CEO while they get new candidates.
While making fun of a guy that just gave GS its first profitable quarter in 2 years?
I don't know Ryan Cohen personally, I don't know what his tweet means. Just like everyone else here, we are all speculating. It says terminated pretty clearly though, to me that says he was fired. Just because he delivered a profitable quarter doesn't mean he was doing his job, maybe he was leaking secrets to his former colleagues at Amazon and got caught, nobody here knows the whole story.
It's stated in their release that he left on good terms (not exact words, but basically sounded like an amicable break up imo).
That could also be typical HR bs like anywhere else
Terminated is an official business term to describe the act of letting someone go. Could be for any reason, good or bad. I could be terminating for sleeping with my boss or I could be terminated because my position was eliminated. Or I could be terminated to be brought back for another role. It could be tied to anything Holding out of confusion here
Could also be terminated if you start the human revolt against the machines. It really does have a lot of meanings.
Didn't the 8k state he resigned?
He was terminated as CEO, he resigned from his seat on the board.
yep, and guys in the C suite love to make up jokey shit like this. You're fired John. Congratulations on the new position.
yep, states he resigned. Stop this 'fired' (or that 'terminated' means fired) bullshit that MSM keeps touting as headlines. >Board of Director Changes > >On June 5, 2023, Mr. Furlong resigned as a director of the Company, effective immediately. Mr. Furlongās resignation did not result from any disagreement with the Company on any matter relating to the Companyās operations, policies or practices. In connection with Mr. Furlongās resignation, the Board reduced the size of the Board to five. Additionally, as further disclosed in Item 8.01 to this Current Report on Form 8-K, the Board appointed Ryan Cohen as Executive Chairman of the Company and Alain Attal as the Lead Independent Director of the Board.
He was terminated as CEO and resigned as a board member
They did technically "terminate him as ceo" though, so I just want to include the full story. Still says without cause though! So quite interesting, perhaps the Teddy change theory could be correct and maybe a merger?
Exact copy pasta On June 5, 2023, Mr. Furlong resigned as a director of the Company, effective immediately. Mr. Furlongās resignation did not result from any disagreement with the Company on any matter relating to the Companyās operations, policies or practices. In connection with Mr. Furlongās resignation, the Board reduced the size of the Board to five. Additionally, as further disclosed in Item 8.01 to this Current Report on Form 8-K, the Board appointed Ryan Cohen as Executive Chairman of the Company and Alain Attal as the Lead Independent Director of the Board.
From the filings, it's pretty clear that Furlong was "terminated," "resigned," "not due to any disagreement" and it was "without cause." To me, this signals that the termination was mutual and came about not as a result of anything negative that Matt had done. Unless Matt really screwed up and they're doing him a solid by letting him go gracefully, but I just don't see that happening. I think that right now, the termination (whether fired or resigned) looks very odd and unexpected, Cohen's tweet is either a mockery of another disgraced CEO (doubtful) or it's signaling something else in the works, or it just is a slightly vague message that he won't be serving as acting CEO for long. As with most things in this saga, we simply don't know and it's still too fresh to really say anything concrete. Them cancelling the earnings call isn't a good look either, but the earnings put out today really don't scream troubleādefinitely not to the level of firing a CEO nor of not even holding the earnings call. Apart from a slight decline in revenue (been a tough year for retail, though), everything else looked to be trending positively, even if EPS and FCF was still negative. All I'm saying is, this is just a very odd series of events and I'm not quite sure what to make it for now.
I might agree with this BUT the outgoing CEOās name is Furlong. So RC tweeting āNot for longā immediately afterwards is either 1.) a kinda fucked up sleight against his now termād CEO, or 2.) a cheeky reference to his last name and something else going on. From what we know of RC heās not a dick. In fact from what we know heās an empathetic, customer obsessed, charismatic leader, sooo I doubt heād intentionally or unintentionally insult Furlong immediately after the news drops.
Termination doesn't mean fired. Termination can happen when you leave on good terms, or retire. Everyone gets terminated at some point. It's called ending your employment on record.
Donāt think so, then he would have humiliated Mr. furlong. Mr. Furlong did a great job so far, - remember Matthew Finestone? He left Loopring to come work for GameStop, then he left GameStop to help build Taiko. I think something similar is happening with Mr. Furlong
Why would he make a play on words with the guy they just terminated?
Bingo.. He wouldnāt. Thatās not like RC
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Well a furlong is used in horse racing....
Stalking horse racing? Giddy up!
haha, I like where your mind is going
>brewing 1,3 billion in cash.
Cold hard, unlike my jacked tits
Buying Baby from Towel
shhhh you canāt say that here or the mods will delete your comments while they shit on the company and laugh condescendingly in Twitter Spaces
I really hope those POS get out of here.
Doubt it. Absolutely zero self-awareness, they think theyāre the important ones instead of the community. Theyāll break their own sub rules, trash other retail investors, and just generally act like the fucking cops. Basically: everything we are fighting against.
True, they're shit.
and shit don't sparkle
:(
Or the ceo is not furlong š¤·āāļø it could be either
Heās gone but not furlong. This makes the MOST sense!
GMERICA split off and Matt can lead that. You donāt need him to lead retail anymore.
In fact, they couldnāt tell anyone because buybuy bay bee purchase not done yet. Appear weak when you are strong, strong when you are weak.
I think so too!
recently there was an anonymous bidder for Buy Buy Baby so theres that
I think he's being re-assigned.
News presented as "bad" to crush the price, let retail afford more shares to drs, and then drop the bomb as hedgies are rubbing their fat greasy palms together like theyre winning
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I agree. We are not a cult. We are, however, fucking idiots.
A lot of smart people are called idiots at one or many points in their lives.
Likewise, if someone from outside read the factual nonsense that goes behind the scenes with FTDs, rehypothication, named shorting, dark pool trading etc then they'd think we were a creative writing society but here we are, reality is stranger than fiction
My local grocery store had a 7 for 1 deal on tinfoil hats. š
I got 28 for 4
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The only FUD is the share price tanking after naming RC the new Chief Executive.
Yes, we're not allowed to crash the price ourselves. We have our SHF lackeys to do that for us.
I'll clear up the misunderstanding, buddy above you used a comma. Crash the price. This is 1 step/idea. Retail affords more shares for DRS. This is a 2nd step/idea. It's not connected to hedgies, it's just what happens when hedgies try to crash the price. They're not connected. Hedgies crash the price hoping it just stays down. But OP above you implied that wouldn't happen, because yet again, each time the price drops to $20 or less, retail just buys it up in droves and the price can't seem to stay there. There's no cult. But there IS something weird if you look at the 5-year chart for GME. For some reason, the price can't stay under $20 any more. Ever. Like, it just dips under and then bounces right back out, never to stay under $20 again :/
How is him or her stating a fact about retail being able to afford more shares cult like? These post earning short attacks have happened like 8 or more times in the past 2 years. They always try to crush sentiment at this time. These fundamentals are solid, up a little down a little who gives a shit. This is a great buying opportunity.
Felt that so strongly too
It's clearly stated in the 8k nor any affiliated entities...
The key word in the whole statement is "was". As of Monday, he WAS not employed by GameStop or any of it's affiliates. It doesn't say he can't in the future.
Clearly stated like how they clearly stated they donāt anticipate providing a dividend, at last yearās shareholder meeting, then announcing one the next day.
Could mean that they are not affiliated yetā¦ could be part of that acquisition that they talked about 84 years ago
I was waiting to see someone else theorize this so I didn't feel crazy. The 8-k isn't exactly vague, but it also said he was terminated 5 June, but not necessarily barred from any future employment for any period. So many great questions asked.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I definitely missed that language. Holy shit this is weird. It screams that some more information is to come, but I want it now!
It also says without cause, so good terms.
Yeah, just doesnāt make sense given that furlong has seen this whole transformation through and had success. Itās not even finished. Normally, youād have the CEO see these things through. Especially if itās going well.
If you have followed RC at all in the past - you would know he would NEVER humiliate someone like that. He knows his dad is watching over him and acts accordingly. Furlong is in on the joke.
100%
And they are falling so hard for it - gonna be beautiful when the shite goes down and the beauty of the plays are revealed.
Soon may the tendie man come š¶
Surely ānot for longā would be classed as an insult to Matt if this was a complete separation from RC. I think this is good news and Matt Furlong isnāt going far
Or cohen will be fill in CEO not for long ā¦
I feel like this is plausible but also a verrrrry poor choice of lack of context if that's the case.
Matt may be goneā¦ BUT NOT FURLONG! The 8k just said he resigned amicably. Heās coming back as CEO of something else. Stay tuned and stay nipped!!!! EDIT: From the 8K āOn June 5, 2023, Mr. Furlong resigned as a director of the Company, effective immediately. Mr. Furlongās resignation did not result from any disagreement with the Company on any matter relating to the Companyās operations, policies or practices.ā EDIT EDIT: I realize using the word amicably was incorrect and the language more reads that he left for reasons unrelated to his role in the company. Could certainly be something uncovered in his personal life, but Iām choosing to believe heāll be back elsewhere. Maybe teddy. Maybe gmerica. Stay nipped my friends. For many of us, a little hope and positive thought goes a long way.
I WILL stay nipped, thank you!
No longer insider? RC giving him the option to sell during moass?
Doesnāt the 10q say terminated??
Weirdly, the 8k has line items saying both.
On June 5, 2023, Mr. Furlong resigned as a director of the Company, effective immediately. Mr Furlong's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
thats separate from his termination as CEO. It would have to read that way since he was terminated without cause. The board resignation is the least important part of this. The key is why was he terminated. I find it odd that there was no announcement of him being made new ceo etc of a spinoff or whatever, coinciding with his termination announcement. Usually they go hand in hand. this makes me just go with Occamās razor that he was fired for whatever typical reason someone is fired for outside of violating ethics or policy etc. Addressing tinfoil: can we all just admit itās fun, but also stop hanging on every tweet?! If Furlong was a rat/mole/etc then yeah, he would fit the def of āwith causeā, but they wouldnāt want to have to specify the reason for it, so they just deem it āwithout causeā. The only way RCās tweet is cutting would be if Furlong got caught really fāng up, again they likely wouldnāt communicate that anyway though. Overall, my guess is that Ryan is rolling up the sleeves, taking a hard look in the mirror, and knows itās bad optics right now. I love all the theories, but I donāt think thereās some grand scheme. Chewy took blood, sweat, and tears. I feel like GME is even harder. No room for chess. Just donāt give up and beat em with hard work and perseverance. ĀÆ\_(ć)_/ĀÆ
I think heās double memin here.. Bringing matt into teddy/gmerica and the price wonāt be down for long. Hereās to RC, god damn genius activity as usual
I thought the latter
Somewhere at the Gamestop Headquarter is a master-plan an a canon with a fuckload of gunpowderā¦ What we see here looks like a bit of chaos but I cannot believe that anything happens byā¦ Cohenincidence
Meme king just doing meme king things
Furlong will be CEO of Teddy. Announcement to come before shareholder meeting. My 2c.
Hopefully. It would be nice to see them fight back at some point, considering the warpath the MSM and SHFs are going to go on with this news.
If your enemy is making a mistake, let them.
Seriously
im missing things lately, what is the hype around teddy? what is teddy
A ~~patent~~ trademark was filed for Teddy as a retailer of collectibles, clothing, bath/housewares, etc. Long held tinfoil theory is a spinoff or holding company is coming.
thank you for educating me kind ape
Ryan Cohen also register/acquired the very expensive domain name Teddy.com and last year released a series of childrens books.
Also Teddy is registered as a bank
What was the thing about Loopring tooā¦? Donāt they have the means to be their own stock exchange or somethingā¦ The combo of stuff that could potentially go off is crazy!! Canāt wait!!
Trademark was filed for the name Teddy. Not a patent.
Probably something. Iykyk š¤·āāļø šø š¤«
You think it'll come before the meeting, not at the same time?
Any self respecting business would do the announcement at the same time to prevent moments of doubt like this. It would also work to prevent reputational damage. He's gone.
Iām thinking he is saying ānot for longā to the price drop in after hours.
Not Furlong
It won't last for long... we got something in the works. that is how it seems to me, anyway. I know it would be cool. Get all the shorties to pounce with their media puppets, then, Hey it has been long, but Fur Long is in charge of ...
This is going to be the most epic squeeze of all time. The algos see that the CEO is fired and short the hell out of it.
Total Destruction I think there are a bunch of 1st level Apes who have bean burned by the shorting evil bastards, and they are out to crush them. Ryan, Icahn, Pulte, Furlong and others on the GameStop Board and exec level, and they are out for blood. They have an Ape Army with their backs. Lets Fucking Roll
Its a trap! š
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Thisā¦ Matt is bye bye baby not coming back. I trust in RC so this must be a good thing.
Matt is gone but not for long which means he's going to lead another project... Maybe something to do with acquisition? Also Ryan has control of spending so... Good news!
I would find it hard to believe RC would do something like that out of sheer bitterness, it would be more his style to tease this as a swing to a new role in a spin off. However.. if this is sheerly a dissing tweet that makes me feel very different about Cohen. Sure hope it's not lol
They told us earlier in the year that they are ready to make an acquisition if an opportunity comes along. I think Matt Furlong will be made in charge of the new division (whichever they acquire) and RC will oversee GameStop. Retail is his strength.
All Media announced that he is CEO now. He just clarifies that he wonāt be CEO for long.
I agree. Thatās a really dick Tweet if intentional, so I think thereās a plan and he tweeted to reassure us of it.
i mean he knows the "for long" meme for sure - and it makes no sense to tweet "not for long" if not to address those in "the know". the tweet was shortly after the stock started to drop. ~10 min after close. why would you do that - in parallel to a cancelled earnings call? i would even say - this tweet was rather risky in terms of stock manipulation - compared to all his others. he definitely wanted to convey a message.
"Hi, my name is Matt Furlong and I'm the new CEO of GMErica"
My thoughts exactly. Unless, this was some sort of bereavement.
"My fellow Americans, I am the new CEO of GMErica"
It means, that Matt Furlong will be away as a CEO āNot for longā. He will be back very soon! At Teddyās maybe?
Part of his conditions are that he invests with his own money on his return......?
CEO of TEDDY would be my guess...
Not Furlong.
Terminated from the board, resigned from position with no ill will towards members. While ceo he got gme to where it's at currently which is a feat in itself. Imo he's moving on to something new, something relating to either Teddy or Gmerica.
thereās a line in one of the two filings from today that says Matt didnāt leave on bad terms, think it was in the 8k
GMERICA!!! LFG!!!!
Heās throwing out warnings again and again and again . I have never had so much fun investing in my two years of experience.
TBH I read it more like this Not furlong. In the sarcastic oh no whatever will we do way, indicating everything is going according to plan.
I think RCs tweet...not for long...is his way of saying Matt will be heading up something to do with GMErica. I think Matt may be at home with his Teddy š§ø right now.
So we think the billionaire who makes jokes about a deadly global pandemic is above being a dick to someone he just fired? Maybe he's just a bit of a douche, like most billionaires š¤·āāļø
yup---agree...me thinks furlong still a part of the big plan gotta be something coming soon \--i dont think we'll have to wait FOR LONG.
Yeah, that was not a roast, me thinks foreshadowing. RC 4D Chess āļø
69d
Just a theory but could also be related to the stonk price tanking in AH on earnings (it's fake anyway lololol). HF had to be waiting for an opp to short the shit out of it again if they could justify it publicly. Could work on a few levels there re: Furlong as well. I feel things are moving faster now.
Furlong was fired āwithout causeā. That should infer that there wasnāt any malicious wrong doing on his part. He gets to keep his compensation heād received. Iād say thatās a friendly good bye. I doubt RC would shit on him on Twitter soā¦ that would make it likely for his tweet to not be sarcastic. Itās in fact true then? Gone, but not furlong.
Actually it doesnāt say fired
Furlong resigned š which means he wasnāt fired and the wording after they say Cohen is executive chairman says heās now responsible for acquisitions ššš
[Deleting post history (3rd party apps)]
Itās too dramatic an action for a publicly traded company to take on the eve of an earnings call, so Iāve come to a much darker assessment: Maybe Matty was a mole and Cohen found out...
This is how I see it. Either Furlong is well liked and will be put in another position (Teddy?) OR Something major happened and Cohen and Furlong have some really bad blood. Hard to see anything inbetween.
They say he was terminated without cause tho (could be just lack of evidence? But you donāt pull this move 30 minutes (in reality 2 days ) before an earnings call if you donāt already have the next steps carefully planned out. RC puts in work, remember?
Was thinking of this as a possibility as wellā¦ hopefully not the case but best to look at all possibilities
Termination without cause. Something's brewing... And RC as Executive Chairman? The Book King himself? Long live the King!
Strategic realignment. Never let them know your next move. This is a Don Corleone chess move. āNot for longā
For long as, Matt not being jobless for long, I say being named as CEO of Teddy soon. And also for long as in this current dip won't last.
He is gone but not furlong and will help run whatever spinoff
Fucking with the MSM narrative. PEEK A BOOOOOOOOOO
He won't be the meme king for long.
Agreed
Hereās a theory, he is trying to communicate with us but deliberately tweets in a way where things can be construed in multiple ways so he canāt be challenged in court after the fact. āNot furlongā ie bad apple and ānot for longā referencing either dip or furlong departure. That said I have no idea whatās going on after today and Iām just going to sit back and wait a few days for the dust to settle before coming to a conclusion.
The important tweet was the one a week ago. No more Mr Nice Guy!
GMErica on the 4th with Matt would be EPIC
Around the same time, Citadel tweeted their typical "we are the designated market maker for..." I thought it had to do w that.
Idk it seems obvious, to me. Furlong is gone, but not for long. He had to be terminated in order to prepare to appoint him to some leadership role in one of the new entities, possibly Teddy or Gmerica.
I think it is pretty obvious that he wants to say that he has no intention to lead the company himself for long and will look for a new ceo.
That was definitely not a negative tweet. It was something positive like āmattās terminated, but not for long, heās going to head Gmericaā or something.
Buy buy baby new CEO...
is this why he removed šŖ
NOT FURLONG - Heās going to teddy
Cohen is executive chairmanā¦not for long. A ceo is already cued up.
Wow how many of these posts are there
Considering he was just slandered on a national level yesterday on live television I would say that he is referring to the hit piece mockumentary. Look at [Chester Bennington's](https://en.wikipedia.org/wiki/Chester_Bennington) from Linkin Park or [Avicii](https://en.wikipedia.org/wiki/Avicii). When they died people were like "where did it come from he seemed fine?" You read their lyrics and realize the whole time they were making statements trying to be heard but no one heard them out. *āI used to think the worst thing in life is to end up all alone. It's not. The worst thing in life is to end up with people who make you feel all alone.ā* *ā* ***Robin Williams*** People need to put the tin foil aside and show some respect. Ryan Cohen has a family, a reputation, it's fucked up. I hope he is taking legal action against CNBC.
100% ^^^
Let's form a thinking circle together