The Rise And Fall Of GameStop
Переглядів 527,838
3 роки томуWith more people stuck indoors and craving entertainment thanks to lockdowns across the country, you’d think that video game retailer GameStop would be thriving. GameStop’s core business is selling new and used software and hardware to video game enthusiasts. But the video game retail chain has fallen on hard times. Even before the coronavirus pandemic started gamers had already begun to shift from buying packaged software at brick and mortar stores to downloading games directly to their consoles.
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
#CNBC
The Rise And Fall Of GameStop
@luiscampos1378 3 роки тому
This didn’t age well...
@charlieritchie8957 3 роки тому
Rise, fall, and RISE AGAIN
@amosbackstrom5366 3 роки тому
Charlie Ritchie Metallica?
@niallkehoe6298 3 роки тому
@@tukayz254 What do you mean? Being a rational person? They have $2.8B in assets and 2.2B in liabilities and lost $0.4B last year.
@dacypher22 3 роки тому
No, they are still doomed. Inflated stock prices do not mean that they have a sustainable model forward. Within 6 months the stock will be back in the cellar.
@luiscampos1378 3 роки тому
@@dacypher22 ok boomer
@Stjaernljus 3 роки тому
High prices, poor service, bad trade-in value, treating staff poorly, and not having an online presence. gee, can't imagine why they are struggling.
@enigmathegrayman2953 3 роки тому
Couldn’t have said it better myself! Customer service is horrible!
@mackenziegray2090 3 роки тому
I find used games at gamestop cheaper than psnstore. Sometimes half the price.
@mackenziegray2090 3 роки тому
@baerleon No, I find games on playstation are like 2 years old and they are full price. I go to gamestop and they're literally half the price. I never come across these problems people a claiming.
@projectfreedom9510 3 роки тому
@@enigmathegrayman2953 What is customer service to you?
@juliangonzalez9744 3 роки тому
Idk about y’all but the dudes are nice and cool but females who work at GameStop always have an ugly attitude
@alecgrimmett8294 3 роки тому
All the kids (now adults) that got completely ripped off selling their games to Gamestop are laughing. Karma's a B
@shanek9803 3 роки тому
Gamestop used to be cool,when they try sell ps2 orginal xbob and gamecube was super cheap like 2 dollars when new console came out.digital is killing physical games
@kevinvargas2448 3 роки тому
True
@kommetkhan2979 3 роки тому
That part...that damn part...they sell high and buy low...greed will always be someone's undoing.
@LazyPirate8 3 роки тому
Yup
@ki6eki 3 роки тому
They shouldn't have bought back games imo
@johnwaas4864 3 роки тому
Who’s watching with tears of joy and nostalgia after the stock increase ?
@mervunit 3 роки тому
Should be a very interesting end of the week
@EveryDay-ov2tl 3 роки тому
Its gonn get get suspended
@AT-js7hg 3 роки тому
HOLD THE LINE!
@justdood7416 3 роки тому
How can anyone take this video seriously when they have a video of someone playing a Xbox 360 in the store?
@JohannaParrishParrish_Place 3 роки тому
Me?? But I'm ready to go buy some games from Game Stop
@Otter-Destruction 3 роки тому
If GameStop management is still wondering why their business is failing, they only need to read the comments section.
@cassideyousley406 3 роки тому
The shareholders and execs only care about the bottom line. Why should they concern themselves with the customer?
@aname959 3 роки тому
@@cassideyousley406 because if the customers are not happy they will lose money
@projectfreedom9510 3 роки тому
@@aname959 That's not how it works. That's outdated material. The customer can be wrong. Customers don't always make the right decisions. In the business you need to make profit or you won't succeed. Opening a box of a new product and then trading it in, you need to profit from that. You can't please the customer by simply saying will give you 45$ for this when it sells for 69.99 new unopened. Not here to defend Gamestop but a lot of you "gamers" don't have a clue on how to run a business. Why would you buy new then trade it in for $30.00 that's a bad decision on your part but there are people who will do this. Then they complain they got ripped off and say "bad service"
@aname959 3 роки тому
@@projectfreedom9510 that’s not what I mean. I’m was saying that companies can’t just completely neglect the customers if they do that they will lose money. For example I don’t like going places if they have a bad website.
@sliderx1897 3 роки тому
U mean toy stop
@srchamb05 3 роки тому
Let’s not make any mistakes or deviate here, GameStop’s NUMBER UNO issue is the Trade-In Value System. That alone has nuked and continues to nuke GameStop’s customer loyalty
@jryde421 3 роки тому
I just made a comment about that...its the worst
@anthonymcneill4863 3 роки тому
Facts you can bring in a game that just came out and only get $30
@KiLLED5639 3 роки тому
The game stop in my city closed during the pandemic. It hasn't reopened at all. There's one at the mall but I haven't checke dit out. And I really don't need to because I'm all for digital purchases.
@Christjs27 3 роки тому
TheresOnly1Stef What should the trade-in value be for your used, dated software that will be hard to resell?
@noahdove4355 3 роки тому
Place blew from the start, hardcore gamers worth their salt play PC games, not games using a 8 button controller an 8 year old can play. learn a faking computer, quit being a weenie.
@gilbertmendez6684 3 роки тому
The media: "GameStop is failing." Reddit: "Hold my stocks."
@moebands 3 роки тому
stonks*
@Denise53. 3 роки тому
They offered me 75cents for assassins creed 3 a year after release lol
@leninfranco9328 3 роки тому
And they would sell it for 30$
@franksandoval6046 3 роки тому
@@leninfranco9328 blame China
@realistmw 3 роки тому
I would have offered you 25 cents for assassins creed 3, it sucked
@chanhjohnnguyen1867 3 роки тому
Frank Sandoval why
@xkimopye 3 роки тому
If you took that 75 cents and put it into GameStop you would have $750 right now
@lindanilushaba5323 3 роки тому
Hey GameStop I will buy your company for $9.99, final offer!
@hermanjohnson9180 3 роки тому
Haha awesome
@andrewagar9700 3 роки тому
You cant buy a single share for that you simp
@mournerlisa6025 3 роки тому
Someone has overvalued something here.
@ragequit2GO 3 роки тому
Hey would you like to purchase a protection plan or donate in addition to that offer?
@steffen1341 3 роки тому
Short seller
@ChiefExecutiveOrbiter 3 роки тому
Cuz their website is garbage, can't order most of the products, most aren't even available for curbside pickup. People don't want to pay $300 for a used system covered in dust and soda pop with broken buttons
@Tuubesoxx 3 роки тому
I will agree that our website sucks. But since may, we haven't had any new product coming in to sell, so you can't curbside if it's not in stock
@ChiefExecutiveOrbiter 3 роки тому
@@Tuubesoxx I'm still a pro member and prefer buying disks but the GameStop near me closed down so unfortunately I have to buy digital copies. It's a domino effect. No stores No pro members No game informer No product Stock Done. Sucks honestly
@noahdove4355 3 роки тому
@@Tuubesoxx notice the word "We" havent had any in stock, what your surprised? Gamestop employees/investors have youtube? Read..Think..This is their #1 platform for free advertising.
@Tuubesoxx 3 роки тому
@@noahdove4355 yes we, I work for gamestop as a peon. Why advertise our lack of product...
@willdejong7763 3 роки тому
@@Tuubesoxx One thing your website got right was the Xbox Series X launch. There were intentional delays in the ordering process to slow down bots and clear instructions about how the ordering process was going. I was on 4 different websites trying to pre-order and GameStop's worked the best.
@9tailsbandit412 3 роки тому
Can’t stop Won’t stop Game Stop
@Javier51694 3 роки тому
Every time I bought a “new” game from GameStop they had always given me an open box game... I haven’t bought anything there since 2017
@laurynrossback1604 3 роки тому
Not that this excuses this, but if you're wondering why, corporate forces stores to unbox one copy of the title to shelve the empty box. And a lot of times that copy would end up being the last one. The plus side though... Not much difference between a new and used title anymore. Usually employees will put any inserts with the disc so they cannot get stolen, and unless the game is really old then the case is usually fine.
@shanek9803 3 роки тому
@@laurynrossback1604 depends.i got new it was open with scratch i got and fingerprint.
@Udon_Noodle 3 роки тому
Than that's your own fault? Who the hell buys a supposedly new game unsealed? Blame your own incompetence
@camsavvva6102 3 роки тому
@@Udon_Noodlewow big brain over there
@bascal133 3 роки тому
They are so HATED in the community it’s a meme at this point.
@maenad1231 3 роки тому
They deserve even more hate imo
@steffen1341 3 роки тому
Smells Like robinhood short seller..
@Alltimefox 3 роки тому
Would you like to pre-order a game? Would you like to renew your power up reward?
@fypage. 3 роки тому
It's their own fault they failed because they became greedy 15, years ago you could trade a used $25 game and get atleast $7 now you trade a brand new $50 game you would be lucky to get $10 that's why I and everyone I know hates GAME STOP
@robertt9342 3 роки тому
Led istic . Ya... TIV aren't really the problem
@SuperPlayz 3 роки тому
GameStop is basically a Funko shop
@pyrophobia133 3 роки тому
@jack doe that's not a bad idea
@chuckley54494 3 роки тому
no funko was amazing
@chuckley54494 3 роки тому
ahh i thought you meant the old funko land that did the main order video games that kb toys bought
@marcusbartholomew7340 3 роки тому
I miss funkoland.😭😭
@yore5 3 роки тому
I do not get the funko appeal at all. Just really don't get how people spend money on those things to just put them on a shelf.
@gameframe2405 3 роки тому
Who is here after the GameStop stock story
@legoatjames4566 3 роки тому
yup lol
@bijendraadhikari7627 3 роки тому
🤪lol
@darekdomagaa4018 3 роки тому
The rise and fall... and rise.
@anthonypistolese8843 3 роки тому
and fall again
@smallboto 3 роки тому
@@anthonypistolese8843 it will keep going up and down, because if the situation going on.
@sansnom99 3 роки тому
I prefer physical copies as they still have resale value online. Especially Nintendo games, since they apparently never lose value. 🙄🙄
@AngelFlores-li7rh 3 роки тому
Hey Ray I love Nintendo box artwork.
@harrywilliamdick5684 3 роки тому
resale value of what few dollars? software is valueless i can copy any games with simple code emulator and print them on cds
@alexander2685 3 роки тому
Well what ever makes you happy but don't be surprised if they go the way of the dodo 🦆bird.
@djsnixentertainment5924 3 роки тому
Boo hoo
@rokmare 3 роки тому
They never go on sale either.
@sewyoureastayathome26 3 роки тому
They are failing because of those horrible carpets.
@comebackcodplayer8248 3 роки тому
They would've failed much faster if internet service providers weren't in monopolies and actually competitive where every state had at least 5+ providers to choose from and the majority of folks had fast broadband. Access and speed of broadband is they key to gamestop survival and customers eventually moving on from disc to digital.
@gwappo4852 3 роки тому
😂😂😂 nice
@taytayrazors9033 3 роки тому
😁😁
@joekev27 3 роки тому
I have actively stopped shoping at gamestop after hearing about all of their shady practices and the way they treat their employees. Been a few years now since I've been to game stop.
@sliderx1897 3 роки тому
I worked there a few years ago for a holiday stint. After seeing how they operate i said they will never get another dollar from me
@tr3llo165 3 роки тому
Facts
@michaelb2westgaedu 3 роки тому
Remember who really benefits from Gamestop's demise, publishers who don't want you to be able to buy used games at all. I'm old, I still like physical games since I actually own something with value rather than a digital copy that can be revoked at the whim of a company.
@ShockinglyBleh 3 роки тому
@Shorty That's how it's always been.
@joelopez7459 3 роки тому
Ebay still exists
@nordy259 3 роки тому
Theres plenty of used game stores around owned by gamers. In the Seattle area where I live we have two locally owned chains. Pink Gorilla and Another Castle. Both offer much better selection of games, better prices, and MUCH better customer service. The owner of Pink Gorilla actually posts videos on UKposts teaching people how to avoid buying counterfeit games.
@nordy259 3 роки тому
m.ukposts.info/have/v-deo/jKGoeIRkpaCEzac.html
@prodbyvessels 3 роки тому
@@joelopez7459 Prices will go up if it gets harder to buy physical copies of games.
@orgasmatron4296 3 роки тому
Hate going to gamestop. Me: can I get mario all stars? Them: did you pre-order? Me: no Them:would you like to donate? Me: no Them: would you like protection plan? Me:...no I just want to buy it Them: would you like some stickers for a dollar? Me: no! Them: sorry we just sold our last copy of mario all stars
@godskillers666 3 роки тому
Lmao pretty accurate 🤣 😂
@Towlie101 3 роки тому
I wonder where these Gamestops are where people are having these experiences. I just bought my copy of All Stars and all they asked me was if I wanted the protection plan.
@amped19996 3 роки тому
@@Towlie101 in florida, they wanted to sell you the memberships cards, the protection plan, game informer, toys like tf... i just want my used game
@denislara4343 3 роки тому
Hatake Kakashi thats a game stop employee that won’t last too long. If they don’t offer and make the quota for the week or month they will be let go.
@godskillers666 3 роки тому
@@denislara4343 yeah they are required to ask all that nonsense 🙄 everytime i went there.. it was the same speech at the counter.
@patricknevermind8529 3 роки тому
Why is GameStop failing because they sold used game for $5 less than the new $60 ones.
@joshido7352 3 роки тому
Nope they’ve been doing that for decades
@stpedro-ht9ng 3 роки тому
That's literally how video game prices work. When a game is in high-demand (usually because it's new) and the supply stays normal, prices go up. GameStop's problem has never been the prices they sell games for. Matter of fact, they often sell used consoles and games cheaper than OfferUp, Craigslist or Amazon and Ebay.
@alia7750 3 роки тому
@@stpedro-ht9ng doesn’t even have to be high demand they still rip you off.
@stpedro-ht9ng 3 роки тому
@@alia7750 But how do they rip you off? Games are not more expensive there than they are anywhere else. Often the opposite. And when you sell them a game, they take it off your hands right then and there. Of course they won't give you as much money as if you sold it yourself. You have to create a listing, pick a fair price and wait for someone to buy it. And you have to arrange to meet up with the buyer or ship the game. Gamestop takes care of the sale for you and gives you a cut. It's simple business.
@gaurichess 3 роки тому
@@stpedro-ht9ng judging from the comments section, the customers still FEEL ripped off. This doesn't built a good relationship or loyalty with the customer. Also they sell opened games (without wrap) as "new" which always felt like another ripoff to me
@pekinese8011 3 роки тому
Who else is here because the stock rise 70% (today) and got suspended after. ;D
@A.GAMING1 3 роки тому
This aged Like Milk 😂
@jimmieparker8093 3 роки тому
Ok...enough with the age jokes..🙄
@Soundafek 3 роки тому
The downfall is a lot of corporations never think about & or prepare for the future. It shows selfishness & poor leadership at the very core when companies like Game Stop try to figure out how do we survive the winds of change after the storm has passed..
@cassideyousley406 3 роки тому
To be fair, unless they perhaps started their own publishing company, how can you ever adapt to online games? Gamestop was simply the middleman. Middlemen are all eventually cut.
@iamnotaweebiswear8940 3 роки тому
@@cassideyousley406 I feel like they could have moved and tried to make a steam-like launched for PC, supported indie games and took a cut of the revenue, upped trade in values, cut down store amounts, turned the stores into more community centers where people come together to game and hang out like a club instead of just coming in to buy games. They also could have improved their online store and invested into classic video games much earlier, such as a GoG like system where you can purchase old video games digitally or buy physical ones in-store. Making limited run physical editions of games could be good and exclusive collectors editions would also be nice.
@topsilog2236 Рік тому
@@cassideyousley406 netflix?its not like all the movies are own by them.they are also a middle man.but it works
@ebenenchef4560 3 роки тому
I'm not sad about it at all.... you show up with a wheel barrow full of games and they be like: you'll get 3 dollars lol
@TorranceJPlaylist 3 роки тому
Cause nobody wants them
@Downphoenix 3 роки тому
That's what old copies of Madden and Fifa are worth.
@Downphoenix 3 роки тому
@BxxDxx Hoodoo doubt it
@Downphoenix 3 роки тому
@BxxDxx Hoodoo it's all relative on demand. If you trade in a game within a month or two after launch, it will be more sought after than if you wait a year or 2. People tend to want to play the newest titles. Also if a game has a sequel coming out or whatever, that usually gives a bit of a boost in the previous game of the series too.
@Towlie101 3 роки тому
It's the stupid attitude that's poisoning your brains. I wish Gamestop would just stop doing trades all together so people stop complaining. All new items, no use products. Would that make everyone happy?
@TrebleWing 3 роки тому
"The start of their downfall was cell phones..." Um is this Radioshack 2.0? lol
@savethaelephants1202 3 роки тому
I luv RadioShack!!! Best memories growing up shopping there
@jovanijaimes6340 3 роки тому
@@savethaelephants1202 my RadioShack was next to a subway so it smelled good
@jamesmeppler6375 3 роки тому
Radio shack was great. But when I buy a phone and they tell me, if you lose your charger its cheaper just to buy a new phone at $10.00 than just a charger at $30....how does that make sense?
@albertoh1753 3 роки тому
I got screwed over so many times as a kid by GameStop glad I can help stick a fork in them and continue to buy on the PlayStation store!
@captain7327 3 роки тому
are you high? your paying more digital than used physical. I bought deus ex human revolution and bio shock infinite for $4 at a game stop last year. deus ex human revolution itself goes for $19 on steam.
@prodbyvessels 3 роки тому
Digital is ass.
@unicorntomboy9736 3 роки тому
@@prodbyvessels No it's not. The majority of my small collection is digital copies, you cannot beat the convenience factor
@prodbyvessels 3 роки тому
@@unicorntomboy9736 At the end of the day, its all personal preference. I know its convenient as hell to be able to switch games without having to put any disc or change them. I just personally like owning physical copies of games.
@unicorntomboy9736 3 роки тому
@@prodbyvessels So I don't own my digital copies?
@michalwawrzenczyk 3 роки тому
It's too bad. I LOVE owning a physical collection, other than taking up space It's all upside
@Excalibur-Sonic 3 роки тому
Yea I like have the physical version of games if i can help it. Not counting Steam, I only bought one console game digital (New Horizons) since I didn't feel comfortable going to the store at the time due to the outbreak.
@treythompson8717 3 роки тому
Absolutely. There's something about having a tangible object that gives you the feeling of having "ownership."
@juniorsanchez7441 3 роки тому
Dude seriously. I have all my favorite movies and series on dvd or bluray, all my favorite books in physical form, all my games in physical form. U never know when a hard drive will malfunction or a company will disable or edit media
@mattwolf7698 3 роки тому
You can still buy physical games on Amazon. I seriously don't think this will continue when the PS6 comes out though, more and more people are buying digital.
@moodlampActual 3 роки тому
Gamestop is the blockbuster of our generation
@delconagher12 3 роки тому
Blockbuster didn't rip off their customers. I actually loved BB til their doors closed.
@lamartruth6601 3 роки тому
@@delconagher12 blockbuster certainly did rip people off.
@crazykenbei 3 роки тому
@@lamartruth6601 Right. It went out of business for a few reasons lol
@cassideyousley406 3 роки тому
@@delconagher12 Blockbuster late fees were nuts.
@delconagher12 3 роки тому
@@cassideyousley406 Well that's just you being lazy. That's not ripping people off. I actually had 3 movies a day. All you need to do is burn them & drop them back off after. So yeah that's on you not them.
@shiguka 3 роки тому
This will be the blockbuster for us
@nothingiseverperfect 3 роки тому
BRUH I CANT IMAGINE FUTURE KIDS NOT KNOWING WHAT A GAMESTOP IS LIKE A BLOCK BUSTER OMGGG
@fefetron 3 роки тому
I KNOW!! at least my kid had the opportunity to walk around a block buster.
@treythompson8717 3 роки тому
Same with a Toys-R-Us. Luckily my now 10 year old had a chance to actually go in one. When I was a kid, going into a Toys-R-Us was everything to me.
@zaverdragon1 3 роки тому
Now that I'm older GameStop: We are looking to sell stock of our business. Grown up me: I can only do penny stocks, take it or leave it. GameStop: .....but it was worth a million dollar at one point. Spiderman 1 Tobby: I fail to see how thats my problem.
@SplashIt34 3 роки тому
Was funny until the end you got too nerdy
@ayuloveappears 3 роки тому
Spiderman 3 Tobey: You'll get your million dollars when you fix this damn door!
@zaverdragon1 3 роки тому
@@SplashIt34 why dont you go splash around else where, this aint HickStop lmao
@steffen1341 3 роки тому
Poor short seller
@KidGreeD14 3 роки тому
Lol I love this comment
@MrScott664 3 роки тому
I'll be honest, I wasn't expecting CNBC to actually do a story on GameStop...
@gabel9815 3 роки тому
It may have something to do with all the recent developments such as activists investors taking big stakes, as well as partnership with Microsoft. New consoles are coming out as well, so Wall Street is forced to take gme seriously again.
@Scotty_in_Ohio 3 роки тому
Well they really didn't cover the way they treat their employees, policies during the CV. kind of glossed over the trade-in program which you'd have to be pretty dumb to do regularly - even with eBay fees you'd almost always make out better selling vs. trading-in - you would likely do better selling at a garage sale compared to the value given at GS. From the financials perspective they covered most-if-not-all the bases - if you know a bit more about the culture then you know the other reasons - primarily that you know you're getting ripped off when you go there as a customer but have few other options. For our family (I'm the one with the wallet) we make GameStop our "last stop" after Target, BestBuy, and even WalMart. On (very) rare occasion they (GS) will have a "special edition" that my kids want but even then they'll say that's too much for what you get and get the "regular" one...
@phrog849 3 роки тому
Probably because their stock is up 700% in the past few weeks
@EricJCaraballoso 3 роки тому
It's nice to see that older dude who knows what he's talking about, as far as what's hot in the gaming industry. Not as many older folk care about videogames.
@fqwgads 3 роки тому
Imagine if Gamestop had invested in digital distribution early. They could've been Steam: sitting on market dominance and collecting a percentage of every game sold.
@TheGreenCouncil 3 роки тому
Why doesn’t GameStop invest what money they have left to become a streaming service itself, it could buy rights to games instead of copies to sell. Close and shrink existing stores to a digital interface of screens where you can pick what games you want but all of the games are stored in the back. Less rent and overhead per store to maintain their presence in the industry.
@Spacemonkeymojo 3 роки тому
I would say it's a hard market to crack. Why would anyone go to GameStop streaming as opposed to Steam, Epic games, GOG etc? And knowing GameStop they'd charge you rip off prices. Also the expertise to set that up I doubt they would have. GameStop deserve to die off to be honest. They aren't even competitive with normal retailers in Australia, here EB Games is known as a rip off. I only go there as a last resort.
@OG_LAMONT 3 роки тому
Thatd be hard especially now that xbox and playstation have their own in console streaming services for a fairly reasonable price
@crtmojo2705 3 роки тому
They should have but they did not adjust in time.
@OG_LAMONT 3 роки тому
@@crtmojo2705 blockbuster mad the same mistake
@crtmojo2705 3 роки тому
Navin N yep. Movie theaters are next
@sadmancho 3 роки тому
I still buy physical copies, anyone else?
@atom_gray 3 роки тому
as often as possible.
@TEDdotcom 3 роки тому
I do buy physical copies...never at GameStop though.
@Otter-Destruction 3 роки тому
Just not at GameStop.
@versatileduplicity9313 3 роки тому
You’re now weird in today’s time
@CommandereON 3 роки тому
Fills up the mancave with nostalgia vibes. 👌🏿
@rjmendoza 3 роки тому
GameStop will most likely end up just like Blockbuster!
@Cahluvca 3 роки тому
💯
@jamesmeppler6375 3 роки тому
One store operated by a die hard fan in a tiny town of college kids?
@treythompson8717 3 роки тому
I was an Assistant Manager at a Blockbuster Video from '99-'01. I remember when Redbox hit the scene, and it was a wrap for Blockbuster. Luckily I got out before the mass closings.
@paganmin8124 3 роки тому
Stonks
@evanytgaming1986 3 роки тому
Well well well this aged like milk
@SirVib 3 роки тому
Well, that literally escalated quickly.
@denislara4343 3 роки тому
Here is why: Trades in PS5 GameStop: best I can do is $1.75 store credit LMAO 15:56 “ a big chunk of the population who looks at every disc as a $20 bill” not at GameStop
@Towlie101 3 роки тому
Or : sorry, we don't do trades anymore. Too many people complained.
@godskillers666 3 роки тому
most people look towards ebay or offer up / let go etc etc to sell there new/ used games so they recover some of that money.
@troywright359 3 роки тому
@@godskillers666 I really don't think 'most people' resell their games on Ebay rather than Gamestop
@Scotty_in_Ohio 3 роки тому
perhaps in Canadian dollars.... and only if they just paid $69 for it 5 minutes ago and it's still sealed in plastic....
@Scotty_in_Ohio 3 роки тому
@@troywright359 If they're buying more than a couple games a year - even with fees and the "hassle" (because taking two pictures and writing a line of text is too hard) is almost always worth it. But you are right - "most people" are indeed lazy and figure "I'm getting something" for it....
@DDRaHolic 3 роки тому
This is one of the most poorly researched and narrated videos you've ever made, CNBC. The narrator spent most of it reiterating the same points over and over again. He failed to identify why people don't like to go into Gamestop (the overpricing, the cluttered nature of the stores and the relentless salespeople asking you to buy the magazine in years past). He said people buy games online because they can use cloud storage to save, which isn't true. Finally, he contradicted himself at the end saying that Xbox Series X and PS5 won't bail the company out, while failing to mention the shortages that the systems will surely have. The narrator was clearly reading from a script full of industry buzzwords that someone unfamiliar with the industry wrote.
@gwappo4852 3 роки тому
You do download the games from the provider to be honest, and you can just delete to open up storage space, but you will still have the game because you own it....
@ShaudaySmith 3 роки тому
TRUE! Clearly someone who was assigned the story, and not actually interested in the company or the industry. Sales tactics, poor store organization... the poor web infrastructure and lack of customer support for their web services. They blow over the Microsoft deal in the beginning like this isn't a huge pivot for the brick and mortar stores. The bit that the consumer is going to see. Not the best video to say the least.
@Scotty_in_Ohio 3 роки тому
Not to mention that their "analysts" bought a gaming chair and own a console - they are now experts in the community. Not to take too much away from them - they're probably nice people and likely understand the financials behind what GS is _saying_ what's happening - the reality is all through the comments section of this video - people don't like doing business with GS. If the experience was better and prices paid for used gear/software was better I think it could survive (at least longer than it would without those changes) - I really don't know anyone who "likes" to go to GS - they want a game today and either they don't want to download it or don't have an easy way to pay for it on-line. Even buying t-shirts and Funko stuff is an ordeal - the sales never ring up correctly or items are in the wrong bin - when you think you're going to end up spending $50 for a couple t-shirts and a figure it'll be $70. Most of the time you leave thinking - I could have bought on Amazon and save $20-30....
@MrVariant 3 роки тому
7:40 is well said though. They interviewed others at least who knew more. 10:20 amazon had a discover cross promotion and put switch first party games on sale. Gamestop can only exploit pre-owned stuff for pennies and is a dated model. 11:20 interview better than nothing. This vid isn't that bad. Whatever he goofs or doesn't answer I feel others did for most. 12:13 collectibles market is at least fair. No Lego Mario of course lol
@FXFXFXFX 3 роки тому
Xbox series x and PS5 will not bail the company out just because they sell out like hotcakes. GameStop, as a physical brick and mortar store, has a lot of overhead and they're limited by supply side (quantity of new consoles). GameStop sold out of both PS5 and Series X preorders in seconds, but that does not mean the business is doing well given their enormous costs. Go look at their 2019 quarterly report lmao they are not gonna be miraculously saved by a new console launch. And once supply stabilizes and new consoles are ubiquitous a year from now, I guarantee people will look to other retailers such as Amazon, Best Buy, Walmart for their new devices and GameStop as a last resort, especially since you'll almost certainly get free shipping for spending that much.
@christopherpeery7436 3 роки тому
Me buying gamestop stock as an adult: best i can do is 22 cents
@asandax6 3 роки тому
🤣🤣To the Moon
@Dan-do2pl 3 роки тому
Now you see if you invested you would have 220 dollars
@GlamorousTitanic21 3 роки тому
Anyone here after the GameStop stock boost?
@deet4895 3 роки тому
I actually like collecting the physical copies of my games, however I do not buy them from GameStop I buy them from Amazon.
@lorddoma6637 3 роки тому
I buy my physical copies from Amazon and Best Buy.
@Daddioangel 3 роки тому
Or Walmart I haven’t stepped into a GameStop in years
@carljohnson7168 3 роки тому
Walmart, Target, Best Buy, and the occasional game delivery from amazon. That’s how I get my games.
@theoldgods8229 3 роки тому
Do you all buy them used on Amazon or strictly new?
@deet4895 3 роки тому
@@theoldgods8229 Strictly News.
@TopHatRonin 3 роки тому
Me: So Gamestop, how much will you give me for my PS4 & 20 games? Gamestop: So will you want 0.10 in dime, nickels, or pennies? Me: 😳
@EG-mm8yl 3 роки тому
Bro that's in cash credit is more $0.15 🤣
@mournerlisa6025 3 роки тому
You are lucky you even got anything, Sincerely, GameStop.
@mrgadget997 3 роки тому
Thieves
@videosammy 3 роки тому
Your better off selling your console on facebook 🤣😂🤣
@PudWhacker 3 роки тому
😂😂
@rileykazama3145 3 роки тому
I hope they don't stop with physical game copies
@electrosec 3 роки тому
HOLD IT!
@Christian-id1is 3 роки тому
lmfao when the media outside game media makes comments, its even funnier.
@KiLLED5639 3 роки тому
I agree they don't understand gaming so well but they're financial people so they see things a little differently.
@pedroportillo1585 3 роки тому
The funny part, is that smaller retro game stores are doing great. But that’s because their target audience know where to go for retro games.
@johnc7532 3 роки тому
Pedro Portillo that and retro game shops a cheeper and they tend to vet their games. I seen a fake Pokémon green ver. At a game stop for 85$ and it was a very obvious fake lol.
@dylanf3108 3 роки тому
Yep I love my local retro store.
@shouldersofgiants4649 3 роки тому
Power to the Players!
@duahaun123 3 роки тому
Man gme is at 370 rn 🤯
@TheZerbio 3 роки тому
I love how they did the whole pice without mentioning the PC Games at all and the Competitors it brings with it (Valve, Epic etc.).
@mandisaw 3 роки тому
No mention at all of Nintendo either, and that's been Gamestop's bread and butter since the GameBoy & DS. The Switch and those stupid Amiibos (Amiibi? LOL) are the only game stuff they have outside of Funko Pop figs.
@litojonny 3 роки тому
i remember being like 13-14 year old, and one of my friends said he was glad he sold 8+ games for like 5 dollars
@versatileduplicity9313 3 роки тому
Wow
@BossMan1313 3 роки тому
I know that GameStop has a lot of problems but I honestly just enjoyed going here. When I was younger and driving around or doing stuff, I’d just see a GameStop and always be like “Hey, look! It’s a GameStop!” I’d always enjoy going in there too, seeing all the latest and old games. It was honestly amazing seeing fellow gamers there. You may have a bad rep, but you’ll always be special to me, GameStop.
@iank11b62 3 роки тому
Old gamestop was the best. Picking up my copy of game informer with whatever game I am getting
@8luvbug 3 роки тому
The company man?
@nathan9755 3 роки тому
Great UKpostsr.
@angelgjr1999 3 роки тому
Pretty good channel
@SmashJT 3 роки тому
Stock: Goes up 450% in 6 months CNBC: HeRe’S WhY GaMeStApP iZ fAiL
@Radix_Gold 3 роки тому
I agree with you Smash JT, it seems to me like CNBC has a short interest in GME. All I see is negative stories and how GameStop is doomed to fail. And people believe them and think a business can’t adapt to a changing market. Seems like a little bit of manipulation is going on.
@aiRxShop 3 роки тому
luvin nana ryan Cohen, who started from scratch (chewy.com) managed to outsell Amazon with online dog products, is buying up everything to own 50% so he can turn GameStop around... this was like 2-4 weeks ago. New consoles always make GameStop increase in stock price. Most likely stock manipulation.
@aiRxShop 3 роки тому
@luvin nana “about someone buying up shares”? Not just anyone... someone that started chewy.com and managed to build it all the way up to outsell Amazon regarding DOG TOYS AND SUPPLIES. Is that not exactly what I just said regarding gme? The new consoles will make the stock increase because they always do, but I never said it will stay up... And you yourself just described why GameStop’s stock increases during new gen; because it’s the presumption that their business is going to increase when the new consoles come out.
@aiRxShop 3 роки тому
@luvin nana really all I have to say is, just look at the stock has increased nearly 200% in the last 2 months... enough information that you need to know that GameStop isn’t going anywhere anytime in the immediate future. 6 months to a year... at least another holiday season or two which is plenty to make money off of the market... not to mention the shorts... way extended.. 64 million shares and 68 million shorts bought...
@1queijocas 3 роки тому
@@aiRxShop GME 🚀🚀🚀🚀🚀🚀
@biggerbusiness6748 3 роки тому
My my how the tables have turned for Gamestop....
@zcorpalpha2462 3 роки тому
I still play 2K18 MLB, & I’m up to the 2022 season. I just like to keep & play older games on PS4 Pro
@oathgarde6641 3 роки тому
How does it feel to die slowly and painfully Gamestop?
@dummy112 3 роки тому
I hate gamestop
@eo6994 3 роки тому
Love how there is no mention of the 60 million shares sold short. It's the number 1 shorted stock. I wonder who paid for this video...
@PhayzinOut 3 роки тому
Not everyone needs the obvious to be pointed out to them 🙄
@jurzal4890 3 роки тому
Oh boy, how the turntables
@cxrunner1178 3 роки тому
I buy Disc version most of time still... for one reason if anything ever happens to my internet I'm solid I can just play it offline without having to authenticate if I bought or not.
@bleuebloom 3 роки тому
Stadia doesn’t appeal to “enthusiasts” because since it’s over the internet there is a slight lag Edit: 9:53 why tf didn’t they overlay the iOS App Store on an iPhone screen????
@digheanurag 3 роки тому
Lol right??
@ninjaman96 3 роки тому
Most people still prefer physical over digital games because you can resell the game once you finish it. GameStop started doing a lot of shady stuff which shifted people away from their stores. One experience I had was they offered me 40$ store credit for 10 games I was trading in that were relatively new and if I wanted cash, $5. Had I gone and sold them on my own I had at least $200 worth. They stopped caring about customers, they even opened new packaging and took out extra codes that came with the new game, repacked them in their packaging and sold the extra DLC on the side to make an extra buck. They are failing, and them screwing over so many people just has them on the side waving as they go under.
@videogameboutique2196 3 роки тому
ya know, you can help them along on their way to bankruptcy by NOT buying your games there! Shop online or walmart,target ect...
@hondusspa 3 роки тому
This aged well lol
@alanrkirmit 3 роки тому
This isn’t going to age well...
@fjjj5206 3 роки тому
They’ve tried so hard to stay open waiting for the next gen console to save them
@sp0rtbilly77 3 роки тому
Digital storage is expensive. Not everyone can afford more storage. There will always be used games to sell and the experience of trading games is part of the culture.
@unknownunknowns 3 роки тому
Who wants to stream $70/game?
@sammusaev5883 3 роки тому
Digital storage is expensive? Is this comment from 2006?
@sp0rtbilly77 3 роки тому
@@sammusaev5883 I was referring to those that want to commit to a new console - the higher the storage the higher the prices.
@jesusa3280 3 роки тому
Why should I buy a digital game at 59.99 when the physical copy is cheaper at times or the same.
@Behzad_abd 3 роки тому
Some points: - it is called Series X and Series S - no mention Gamepass subscription, with 15M subscribers, it makes an impact on phisical game sales
@tarreislam 3 роки тому
Finally new "the company man" videos
@juegofuego6715 3 роки тому
Why'd they make it sound like the Xbox one was Microsoft's first console
@troywright359 3 роки тому
lol I caught that too. "They decided to enter the market" like.....where were you dude? Should have had an actual gamer run through their script
@ForceofNature99 3 роки тому
Well it's because it's called the Xbox "One". Duh! (Yeah it's a stupid name...)
@SativaLungz 3 роки тому
I'm convinced they did this on purpose to get us to comment on their video more leading to more, user interaction.
@kingcotton659 3 роки тому
This aged badly
@qrion13 3 роки тому
Well this video didn’t age well
@KH3heartless98 3 роки тому
I am surprized you didn't mention the hard selling culture of gamestop.
@joshido7352 3 роки тому
As much as people complain about it the selling culture is not what is losing gamestop money. Consumer preferences have changed and Gamestop has been slow to respond, that’s it.
@KH3heartless98 3 роки тому
@@joshido7352 you'd be foolish to think that a strong sales culture does nothing to the consumers. Usually with that type of culture you get more corruption from management and employees in order to reach there quarterly numbers. It's all over the internet and it doesn't have to do with giving pennies on the dime for trade ins.
@KH3heartless98 3 роки тому
@@joshido7352 it's the same reason why pharmaceutical don't give bonuses for selling medication. You would increase the opioid pandemic.
@joshido7352 3 роки тому
Danny Padilla That culture has been in Gamestop/EB since the late 90s. Gamestop was doing just fine until Digital gaming became a wide spread option for consumers. People bitched about Gamestop all the time yes but they still went in because it was still the best retailer for games. Now consumers have more convenient options.
@KH3heartless98 3 роки тому
@@joshido7352 yes, that's a part of their down fall, thanks for a summary of the video. How we treat the consumer is more important now because of social responsibility. Thus, dated sales tactics is a problem too.
@leroycash6 3 роки тому
GameStop doesn’t need to survive ! Let it go bankrupt or they just need to close down before things get worst. Let’s be honest as a gamer my self I would rather have a digital copy of a game then a disk 💯 R.I.P GameStop Have a great day everybody
@abdulsoleh7131 3 роки тому
Yeah but the problem now in site like Steam you don't own the digital copy, you basically rent it. If Steam goes bankrupt tomorrow your digital copy is gone too.
@newstation795 3 роки тому
Abdul Soleh why would they go bankrupt the profit margins on internet services are insane they probably have money in the stash or are owned by an even bigger company
@abdulsoleh7131 3 роки тому
@@newstation795 anything can happen in business. Beside you miss my point, I'm just making examples because most people don't know they didn't own digital copy.
@leroycash6 3 роки тому
Gentlemen no one cares about about buying a disk for almost a century go with the trend.
@i05CrafterGames 3 роки тому
*stonks*
@hustle2muscle 3 роки тому
Me: hi I’m trying to sell my ps5 😀 GameStop: I can give you 3 dollars 😑
@cactusjack2264 3 роки тому
Lol, facts and they would turn around and resell it for like $1000+
@hustle2muscle 3 роки тому
@@cactusjack2264 exactly! Basically everything is going to get devalued dramatically. So once I buy something most of the time I just keep it, unless I can give it to some in need or will actually appreciate it.
@tobydanger86 3 роки тому
You would be lucky to get the three 😂😂
@tobydanger86 3 роки тому
@@hustle2muscle same. I honestly just stopped buying from them.
@hustle2muscle 3 роки тому
@@tobydanger86 GameStop is wack lol I would rather play Tetris for 3 hours
@MovieUniversity 3 роки тому
In the words of the joker: “you get what you f’ing deserve”
@reppinseattle7974 3 роки тому
Godlike comment.
@16soccerball 3 роки тому
Now go cap the suits
@GINGI9519 3 роки тому
The stadia portion kinda made me laugh " high quality games" haha nah
@marcusmccloud8394 3 роки тому
I remember i traded in 40 ps2 games a long time ago and they only gave me $2.35.
@WestleyWolf 3 роки тому
Gamestop was always my go to ever since they were Funcoland, today if i wanted a used game i'd use Amazon or even better a local record shop and if i'm lucky....Goodwill.
@wormworm 3 роки тому
jumped up $100 this month, thanks reddit...
@scaldon2 3 роки тому
Im glad gamestop went other .This is result of bad evil business practices. Buying a game from customers for 20 dollars then selling that same games for 54.99. Also I got tired of going in gamestop and being asked a hundred questions before I purchased a game. Now I have all my physical games shipped to me by Amazon thst I receive on launch day . Alot better .
@hermanjohnson9180 3 роки тому
Same here. I think most ppl have their games shipped through an online purchase.
@Downphoenix 3 роки тому
That you receive on launch day maybe 50% of the time. I stopped doing launch day buys at Amazon after they sent Mario Kart 8 Deluxe and Splatoon 2 a day and 3 days late respectively.
@scaldon2 3 роки тому
@@Downphoenix everytime I order i get it on launch day . Your situation must be unique. Also all my friends use Amazon for games and they receive there's on launch day.
@Downphoenix 3 роки тому
@@scaldon2 definitely not, I know several people that didn't get Mario 3d all stars on launch day, I know one that didn't get it until the Tuesday after, despite preordering the day preorders opened.
@Minny_Paul 3 роки тому
I'm still Loyal to GameStop. I won't shop anywhere else for video games unless I absolutely have to. I like buying new/used games and consoles. It feels rewarding to have something physical in your hands. I will admit things will go downhill for them unless they change. The day my local GameStop closes, is the day GameStop dies for me.
@game_master_rukia 3 роки тому
gamestop's number one issue is that they focus on current gen games and consoles instead of previous gen games and consoles. previous gen games from wii back to nes can't be downloaded on the consoles and that's why independent local game stores are thriving. they carry previous gen games and consoles in their stores whereas gamestop doesn't hardly carry anything if at all in their stores
@elonmusk1799 3 роки тому
💎 🙌 🚀🚀🚀
@ChildishDicaprio 3 роки тому
Digital games is amazing because I never have to worry about my disc getting scratched/lost
@lorddoma6637 3 роки тому
Or having it in the disc drive just to play the game lol.
@cyabits1 3 роки тому
4 year ago NYC Queens center Mall there 3 game stop in there all within 0.3 mile a part. Now only 1 left.
@chunglyfeseiker2231 3 роки тому
1:21 pretty good scaled graph, shows the whole area (gain) 8:50 way to make a 15% loss look like a 66% loss. Gains are shown normally while losses are hugely abnormally scaled. We now know who's shorting Gamestop and has a vested interest in influencing you.
@SkullBanger77 3 роки тому
1:38 Microsoft's PlayStation 5 and Sony's Xbox Series X
@Ale-cd2wt 3 роки тому
Glad I wasn’t the only one who noticed that
@lorddoma6637 3 роки тому
I think they are trying to tell us something. 🤔
@burneminjetfuel2252 3 роки тому
Oh yeah this aged well
@deepblue8143 3 роки тому
I still shop there. I will always choose physical over digital, I have zero desire for an all digital future.
@bryanmiller476 3 роки тому
It’s the future, remember pc game have been basically all digital only for years now, nearly all gaming laptops and desktop PCs haven’t come with disk drives for years It’s been only consoles waiting to drop the disk drive and they are slowly doing it and are just in transition time period with offering a digital only model of their Xbox and PlayStation systems As console games get to big in files sizes, they will eventually not be offered on any physical medium and will require you to download them to user replaceable ssd’s
@firedell1031 3 роки тому
Downloading games is just much more convenient now. Nearly everybody has internet access, so it's never really an issue that people run into that they would need to go to a store to get a game. Just about the only reason you'd really need to go to a physical store at this point is to get your console, and even that isn't necessary when you have places like Amazon, Walmart, Best Buy, etc doing deliveries to your house. Sure, they have merchandise such as models, keychains, clothing, etc, but that alone isn't enough reason enough to go to a physical store since those things can also be purchased online. Another major reason is that now, with how much performance these games demand now, the speed of a disc drive can't keep up with, so you still have to download the game to your HDD/SSD to play it. What's more is that you still have to have the disc in the console instead of just being able to quickly switch games. You can claim as much as you want that they just started to branch out to things that don't make sense, but those things are just a drop in the bucket in comparison to the actual main problem at hand.
@OG_LAMONT 3 роки тому
I'm not going digital I just can't stand feeling like I'm bring harrassed out of my wallet so I skip them and just get my games at bestbuy or offer up for used games
@elonmusk1799 3 роки тому
💎 🙌
@darkhelliadarkfire6109 3 роки тому
Between December 2020 to February 2021, 159 more stores in the US are either already closed or are closing down, with many more to follow in the coming months. Already from the beginning of 2019 to November 2020 607 stores have closed down and have not been reopened. Between 2019 to the second month of 2021there will be a total of 766 GameStop locations that have closed.
@antoniocampos6627 3 роки тому
Though I don’t shop there anymore I can’t get around a digital game. I just love being able to feel a physical copy and for it sit on my shelf with all the other ones I have.
Голос Америки Українською
Переглядів 443 тис.
ALI_Good_Gaming
Переглядів 859 тис.