Microsoft's Game Pass is bad news for GameStop investors

GameStop (GME) shares are sliding further as this past week's reinvigorated meme stock trade begins to wane and the retailer files to sell 45 million shares of its additional stock.
Wedbush Equity Research Managing Director Michael Pachter comes on Catalysts to talk about GameStop's future - expecting further declines in the stock despite any messaging from X (formerly Twitter) user Roaring Kitty - and what Microsoft's (MSFT) Game Pass service could mean for the video game retailer.
"The big news today, which is a Wall Street Journal exclusive speculation that Call of Duty will be on Game Pass," Pachter tells Yahoo Finance. "I can confidently tell you that anybody who's a Game Pass subscriber would be an idiot to buy Call of Duty. they won't. So Call of Duty sales will be lower this year, it wasn't on Game Pass last year."
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#microsoft #gamepss #gamestop #yahoofinance

[@Cryptowitchery]

Lies $gme cash money

[@money0436]

I have bought 25000 shares of GME last Fri. Lets go! I think we will see +500% very soon.

[@DiegoSanchez12]

It’s a little insulting to just shut RoaringKitty’s post down after saying he was absolutely right in 2020. He’s not saying anything directly because he doesn’t want the scrutiny that came from it last time 😅

[@papershark]

these three things will not exist in ten years time. 1. Gamepass. 2.Gamestop 3.Shortsellers who shorted GS and don't have finances to hold the position for 9 years.

[@fivehundrediq5212]

Reason?

[@papershark]

@@fivehundrediq5212 short sellers are too greedy (exposed), and game player know how to win.

[@papershark]

@@fivehundrediq5212 reason 1... because the shortsellers are right about Gamestop. 2. because meme traders are right about the shortsellers. 3. find me one you tube video by a gamer who is excited about the prospect of renting access to their games and i'll buy you some horse armour.

[@RealSerie26]

GameStop is the Blockbuster of gaming. They should have pivoted to the cloud over a decade ago after seeing Netflix's success.

[@josepreciadocortes8224]

They should become an arcade and start selling pc parts

[@youngpower24]

Any real gamer knows gamepass sucks in its current form. Old games for free who cares. Now, the new COD? That would be different.

[@on2thenextthing]

Exactly. Game pass is lousy at best.

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[@joeyeleven8997]

HAHAHAHA stop lying

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[@Koushi82]

blah blah blah everything is bad news for gamestop investors apparently even when they beat earnings by 100% its bad news for investors and profitability is also bad news for investors aint that right?

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Who else is here to laugh at reddit?

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[@on2thenextthing]

Game pass has lousy games and cod won't change anything from that perspective.

[@Handle_Edit]

I pity these boomers who believe they are gamers