Travis Hoium

This isn't completely new.

We could go back to Norwest buying Wells Fargo in 1988, essentially just took over the name Wells Fargo.

Kmart bought Sears.

Remember that was when Eddie Lampert kind of made his name known.

Don't know that that's necessarily worked out over the past 20 years or so.

Yeah, I don't know if GameStop wants to be Kmart.

Yeah, that's not necessarily a great omen for them.

I've been following gaming for 20 years.

And Eldorado, which was a company that most of us had never heard of a couple of years before that, bought Caesars Entertainment.

So this has happened before.

It is kind of a situation where GameStop's got to figure out where in the world they go next.

Their business isn't exactly doing great.

So might as well buy something.

And I guess eBay's for sale.

Yeah.

And let's keep in mind that part of the strategy is keeping the meme going.

GameStop, not exactly a thriving business today.

I think that's putting it mildly over the past 10 years.

Their compound annual revenue growth rate is negative 8%.

The company has shrunk under Cohen.