Ryan Cohen

And the secondhand business as well.

And the secondhand business as well.

So there were other things that I thought about where I could personally add value and might make sense for GameStop.

So there were other things that I thought about where I could personally add value and might make sense for GameStop.

But this one made sense for me personally and it makes sense for GameStop.

But this one made sense for me personally and it makes sense for GameStop.

i you know i look at basically the marketplace model where they had first mover advantage so their ability to have first mover advantage and really be the like de facto marketplace online including against amazon was was significant um so that was really helpful i wouldn't say that if you look in general at the growth in e-commerce

i you know i look at basically the marketplace model where they had first mover advantage so their ability to have first mover advantage and really be the like de facto marketplace online including against amazon was was significant um so that was really helpful i wouldn't say that if you look in general at the growth in e-commerce

And you look at Amazon as an example that basically took the marketplace model, but also took taking possession of first party inventory along with growing their marketplace.

And you look at Amazon as an example that basically took the marketplace model, but also took taking possession of first party inventory along with growing their marketplace.

And like they ultimately scaled it and they essentially did what Walmart was doing, but they did it online and at scale.

And like they ultimately scaled it and they essentially did what Walmart was doing, but they did it online and at scale.

I mean, obviously you can't compare the two.

I mean, obviously you can't compare the two.

But their focus on building a marketplace gave them a moat and staying power.

But their focus on building a marketplace gave them a moat and staying power.

But I wouldn't say that their execution was great.

But I wouldn't say that their execution was great.

In the early days, it was great when it was founder operated.

In the early days, it was great when it was founder operated.