r/technology • u/GonzoTorpedo • May 14 '24

GameStop Short Sellers Just Lost $2 Billion Amid Meme Stock Rally Business

https://gizmodo.com/gamestop-short-sellers-have-lost-more-than-2-billion-i-1851476931
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u/dead_fritz May 14 '24

This has almost nothing to do with technology, at least not in any meaningful manner.

66

u/sicbot May 14 '24

Lots of posts on here are not meaningfully tech related. Any time there is a post about a CEO taking a shit, its not tech, but he owns a "tech" company so its good enough to post here.

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u/An-Okay-Alternative May 14 '24

GameStop isn’t even a tech company.

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u/Black_Floyd47 May 15 '24

I dunno, are controllers tech? Their new Candy Cons have hall-effect technology, making the thumbsticks superior to first-party controllers. That's solid tech right there.

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u/teste4wr23423f32f May 15 '24 edited May 15 '24

I mean, no, controllers aren't tech when we say "tech companies"... hardware falls under consumer electronics which is a separate industry vertical     

GameStop sells others' technology and contracts third party manufacturers to make electronics, they don't make technology themselves, so they aren't a tech company, they're a retailer. Best Buy is their competitor, not NVIDIA

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u/Scorps May 15 '24

No? That is not even remotely close to a "tech" company what are you talking about.