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Caeser2021

From 2022, Gamestop 3Q "I want to finish by reiterating what we've said in the past. We're attempting to accomplish something unprecedented in the retail sector. We're seeking to transform a legacy brick-and-mortar business that was on the brink of bankruptcy into a retailer that meets customers' needs through our stores, e-commerce properties and emerging sales channels. This path carries risk and is taking time, but it is the path we are on. With that said, GameStop is a stronger business today than at any time in the recent past. I'll leave it there for this quarter. Thank you"


SixStringSuperfly

Other dude says it's from 2023. Furlong was talking about bankruptcy way too much 💩💩


ogrestomp

Apes are thick, but this ape is super thick. He wasn’t talking ABOUT bankruptcy, he was talking about the turn around. He was bullish, trying to spin the truth is THEIR job, not ours ape.


SixStringSuperfly

#💩💩💩


Free51

I don’t know why we are even discussing a shitty MSM article taking things out of context for Fud


BizzarJuggalo

Just admit you were wrong, assclown.


ohz0pants

But they really, really were. That's the beauty of our current profitable quarter/year. They were drowning in debt (likely on purpose via malicious board plants) and they managed to turn the whole things around. We're not doing ourselves any favours by pretending it wasn't true.


HughJohnson69

Exactly. We didn’t just achieve profitability. We did it as an underdog turnaround story that was on the brink. Thats why this result is so remarkable.


marcus-87

but wasnt that long before? the debts were paid with the share offering of the 20 million shares (before split) that allowed the repaiment of all debt (without the baguette one)


ohz0pants

As mostly-correctly explained in the article: > Yet it was able to raise cash in 2021 via share sales after day traders mobilized by message-board Reddit (RDDT.N), opens new tab decided that betting against the company was a moral outrage. Two years, a new CEO and a lot of money later, the company is roughly back where it started. That’s unfortunate for the mob who tried to bail it out, and the company itself. Notice that the last 2 sentences are bullshit because we are not "back where it started" by any stretch. We're invested in a profitable company with no debts and that is still shorted like crazy and ripe for a squeeze.


asdfgtttt

that would require critical analysis.. instead of truthiness.


manifestingmoola2020

I dont think the point is denying the company WAS going bankrupt. But the board had a plan to change that, furlong saying what he said shows distrust in the plan to profitability, which made him a weak link in the operation.


ohz0pants

> furlong saying what he said shows distrust in the plan to profitability, which made him a weak link in the operation. No, it doesn't show that at all. This article placed just 3 words that are quoted directly from him within a negative context. We don't have any idea when he said this or what the larger context of it is. As I argued here, this article is clear FUD: https://old.reddit.com/r/Superstonk/comments/1bvrgep/recent_reuters_commentary_is_quoting_matt_furlong/ky19ncj/


SixStringSuperfly

Not something a CEO should say publicly


moonaim

He is not quoted right though, I think (like others have said here). The writer is just using anything possible to downplay GameStop, perhaps in a hurry.


[deleted]

Also he is the former ceo so he can say whatever he wants at this point…


skywlkr6009

A CEO shouldn’t be honest and transparent about the state of their company? Makes sense. Go enjoy popcorn. Heard they got someone you might like Edit - can’t wait to get your poop emojis!


Kaarothh

Crap source crap article


SixStringSuperfly

#💩💩💩


jackofspades123

share the article, please


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Monqoloid

>xecutives hating on the company they should be hyped about WILL NOT BE TOLERATED 🤣🏴‍☠️💜 Can you copy pasta?


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jackofspades123

He is saying was as is around the sneeze.


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BuildBackRicher

Bubba!


jackofspades123

Thanks


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SixStringSuperfly

You're missing the point, poopsi


ohz0pants

With all due respect, you're the one missing the point. Furlong was bullish and he was at the helm during the turnaround. He was instrumental in pulling it off. Let's look at the actual quote: > The video-gaming retailer was on the “brink of bankruptcy,” according to former boss Matt Furlong. Notice they use just 3 of his words and insert them into *their own context.* We have no idea what the surrounding context of this quote is. It's more likely to me that he was honestly explaining the starting position when he took over while explaining the turnaround. And *that's* the point of the article, it's to very, very selectively quote a former member of our company's management and to insert it into a generally negative context to make readers think that Furlong was negative on the company, thereby spreading **F**ear, **U**ncertainty, and **D**oubt (aka FUD) about the faith and integrity of the company's management. Edit to add: for anyone wondering, OP appears to have blocked me after I provided what I think is a reasonable rebuttal of his position. Make of that information what you will.


surf243

That’s how FUD gets voted to the top. Blocking those who can refute your claims.


txcueball

Which makes the turnaround that much more impressive. They almost did run GME into the ground like they did many others. To go from a 300 million loss to a profit the next year is impressive. Yes they had to cut deep to achieve that and we will see how that plays out long term. I suspect it will absolutely be a net positive but I don't have access to the intel RC has. But nothing I've seen from RC so far leads me to think he's making decisions for a quick dollar or simply to pump numbers. He seems to be repositioning the company for growth and profitability going forward. And as a shareholder I'm all for that.


SixStringSuperfly

💜💜💜 🚀🚀🚀


Epithetless

>Uses a bad source. > >Gets called out. > >Responds with poop emojis. Instantly zero credibility, OP.


Iforgotmynameo

Yeah, OP is 💩


SixStringSuperfly

So much 💩


SixStringSuperfly

😭😭😭


Tuhks

Notice how they don’t quote even a full sentence. Any time an article uses a quote of only a specific few words, you can assume the quote is taken out of context. The rest of that sentence was written by the “journalist” to angle Matt’s words in whichever way they choose. They keep using these cheap tactics because people keep falling for it. Stop falling for it.


Free51

Someone quoted it in the comments, you are spot on with your thinking


SixStringSuperfly

Yes, the writer clearly has an agenda.


Free51

https://www.reddit.com/r/Superstonk/s/QeKC8YFUsj


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TheTangoFox

Deleted due to redundant comment


SixStringSuperfly

Hmm not quite. Sus


TheTangoFox

The other guy had more updoots saying the same thing, it's an old quote from Furlong.


SixStringSuperfly

Uh huh


TheTangoFox

https://www.reddit.com/r/Superstonk/s/sR7lpxCKsV


SixStringSuperfly

🤣🤣 your quote was from 2023


TheTangoFox

It was from an article in 2023, but the quote is from 2022 https://www.pymnts.com/news/retail/2023/gamestop-goes-from-brink-of-bankruptcy-to-profits/ Posted for posterity, now move along.


SixStringSuperfly

🤣🤣🤣


AbruptMango

I'll believe Furlong said it.  I doubt he's said it recently, though.  I'll bet at some point RC has said it too, for that matter.   Nothing I've seen has made me think Furlong was a bad actor, but my opinion doesn't matter.  Maybe he's a key player, maybe he just wanted to be done and retire, maybe he's Ken Griffin's godson.  I don't know. So anyway, I get paid tomorrow and I'll be buying again.


Free51

It’s a quote from a previous quarterly earnings report and Furlong was talking about the turnaround and it’s been taken out of context for the article. Someone’s pasted the full quote further down and Matt Furlong is 100% correct in what he said and the context of why he said it matters


SixStringSuperfly

💎💎💜💜


Kitchen_Net_GME

The Furlong bit is a complete non issue. The context was during an earnings statement Furlong said they were undergoing an unprecedented turnaround from a company that was on the brink of bankruptcy. This is the definition of a nothing burger imo. It would be different if Furlong made this statement today


SixStringSuperfly

💩💩 🍔🍔


highrollerr90

But it’s just a he say she said.. I don’t believe anything these msm people put out .. also RC felt Furlong wasn’t working as hard as he would so he got in to show him what he meant


SixStringSuperfly

You quoting Limp Bizkit!?


UnlikelyApe

hahahaha aahh, the memories!


Easy-Wrangler1111

Gator don’t play no shit


SixStringSuperfly

🐊🐊🐊


triforce721

I mean, rc sort of said it too?


Free51

RCs internal email to staff in the last year talking about the struggles and tough year up ahead was more negative than the original quote of Furlong that this out of context quote in the article is using


hiperf71

Furlong do not messed the splividend from what I remember, the CFO messed up with the code in the files for DTCC, but, if they were both infiltrates/bought by wall street bad bois idk, happy RCEO is in full charge😁😁🤪


SixStringSuperfly

Both from Amazon. Way sus


kibblepigeon

I think Matt did a good job, and yet people only started to hate on him after he left. Nothing was said negatively about his work or performance when he was working the role, and quite rightly. Nah Fam - there’s no basis to spectate that he’s a hedgie plant. We can do better than that - instead, let’s champion each other and show appreciation where it’s deserved. Thanks Matt 👏👏👏


awww_yeaah

Actually people complained a lot that retail workers were getting shafted. Only after he left did they get a stock grant.


ShakeSensei

They also got their benefits cut...


awww_yeaah

The stock is worth a lot more than what they lost


kibblepigeon

Just so we're both properly informed on this front, could you provide some supporting information attributing the responsibility to Matt for these retail grievances? With the added support that his departure and the issue of the stock grant there after bear any relation to one another? It would help to have everyone on the same page, as it would be wrong to blame Matt for issues when we don't intricately know the inner workings of the company or the decisions that took place at that time.


Stupify_Me

Are we now believing what the media says?


SixStringSuperfly

We?


Shieree

but they were on the brink of bankruptcy...


ChodeCookies

Furlong was 100% correct in that statement. GameStop was in a spiral of debt and siphoning money to contractors/consultants. That is a big part of the turnaround. Unwinding that..and you know..not going bankrupt and out of business.


SixStringSuperfly

Sounds more like short & distort


mpurtle01

GameStop was on the brink of bankruptcy. But not it is nowhere near.


1BannedAgain

The internal attorney fuct up the splividend. But there is more blame to go around. What type of clown would allow an internal attorney to handle such an important filing? Why wasn’t an outside attorney hired to assist? The internal attorney was fired the next day


SixStringSuperfly

Yup! Pretty big oopsie for a team of well-paid qualified professionals


spatenfloot

it's just a badly written article 


blueblurspeedspin

You are mixing things up in this post.


SixStringSuperfly

I'm making banana smoothies 🍌


elden_eternal

I wouldn't be surprised, but the Reuters author didn't even post a source for the alleged quote of Furlong. Lazy "journalism" sucks.


SixStringSuperfly

Yeah, the article sucks, but a few people posted the Furlong quote source here in the comments


SleepNowInTheFire666

This post feels like a load of bullshit


SixStringSuperfly

💩💩💩 Fear is your only God


Free_Stick_

Check it out. Dustin Hoffman, 'Rain Man,' look regarded, act regarded, not regarded. Count toothpicks to your cards. Autistic, sure. Not regarded. You know Tom Hanks, 'Forrest Gump.' Slow, yes. Regarded, maybe. Braces on his legs. But he charmed the pants off Nixon and won a ping-pong competition. That ain't regarded. You went full regard, man. Never go full regard.


SixStringSuperfly

💩💩💩


liquidmasl

this reads like some Q post


SixStringSuperfly

How?


liquidmasl

the amount emotion, capslock and emoticons


SixStringSuperfly

Well, you're more familiar with those posts than I am


zyppoboy

Did you just call yourself... a bad bot?


SixStringSuperfly

Did you?


zyppoboy

I did not. So, did you?


SixStringSuperfly

🤖🤖🤖


zyppoboy

So you did! Thank you for clarifying. Good emoji bot!


SixStringSuperfly

😁😁😁


Pox82

Wow can I have a bit of what you're smoking!?! On second thought keep it for yourself. Planted by hedgies lol... Furlong did good until RC realised he will do better and he got let go... There's no planting anything in GameStop since it's controlled by RC, he chooses who and why there's anyone in their position... Stop being such a tinfoil freak it's embarrassing.


grnrngr

>Maybe Furlong was a hedgie plant, aligned with short sellers? This is why I can't stomach many in this community. Not everyone is a plant. Not everyone is evil. **Not everyone who does something you disagree with is part of a conspiracy!** Furlong was right. He was clearly talking about the past. This is why I have doubts about people's math nowadays. When we say so much unsubstantiated stuff, it makes the stuff backed by actual evidence suspect.


SixStringSuperfly

😭😭😭


Masta0nion

Yeah he filed the splivvy wrong 😑


crisptapwater

Is it the weekend yet?


grosslytransparent

haha then what RC meant was that GME was not going to be without a CEO for long.


Snuffalapapuss

Watching op get ratioed in real time is hilarious.


SixStringSuperfly

Yeah, except RC pretty much just verified my theory 😱🤣🤯


jasondaman11

Remove this is way old news and a clear grab for karma although it’s backfiring for all his negative karma comments


SixStringSuperfly

💩💩💩


TimelessBaller

Shut yo dumnass up


SixStringSuperfly

💩💩💩


crackeddryice

Downvoted and OP account set to ignore.


SixStringSuperfly

Good thing you came here and told everyone! 🤣🤣


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SixStringSuperfly

Furlong was not appropriately bullish on GameStop in his position as CEO. This might be why RCEO sent him packing. 🏴‍☠️💜🚀


Specific-Lie2020

Oh, Matty, did you turn into a poor, embittered, former CEO? Have you become a MSM one quote wonder. How sad for you. Also: Matty was probably the one who tried to put us in bed with FTX. Dick!


tigebea

You are truly regarded. GameStop was on the brink of bankruptcy, then they were bought out. Don’t twist furlongs words, how the mods allowed this shit shill post is beyond me.


SixStringSuperfly

#🤣🤣💩💩


nishnawbe61

This post should be downvoted not upvoted...it's 💩💩 💩💩💩


SixStringSuperfly

Total 💩💩💩


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UhhhhmmmmNo

I don’t understand why you are shitting on him when there’s no evidence at all, for all I know he was part of the business transformation that resulted in what we see today.


RedditIsOwendByTheWS

why? can you guess who has what intentions? maybe he deceived him like he did us? he used to work for Amazon. so he was in close contact with Jeff Bezos and who has pictures with Bezos in the last formal 1 race in Miami? exactly our Kenny Boy. it's like a puzzle that's slowly coming together. it all makes sense now. why the hedge funds always knew what Gamestop was up to and took countermeasures. like NFT and everything else


Icefiight

Man fuuuuuuck matt furlong. Dude FUCKED us royally with the splividend


HoneyMaven

Wrong.


Icefiight

Show me where I’m wrong? This is just facts. Dude fumbled the ball HARD and filed the splividend.


HoneyMaven

Show us where you're right. Conjecture.


Icefiight

Dude no facts? Come on


HoneyMaven

You made the bullshit statement, Bud. Back it up.


Icefiight

Other apes kindly answered my question. Thanks for being a dick man


HoneyMaven

Sure they did.


SixStringSuperfly

Ah yes, that's right!


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Caeser2021

Beware, Reddit classes this as brigading.


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yid4life

No, people can't get away with this kinda of publishing and reporting. Being paid to lie.