Ryan Cohen reply tweet. 03/09/2023
Little bit of a test to see if this could be tagged " tweet " or put into a sub folder or what-not.
this post was submitted on 04 Sep 2023
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It's a good reminder that he identifies with, understands, and supports consumers, and recognizes that people invest their hard earned money into physical video games.
I find it interesting. For one consumers are buying drive less consoles so they are talking with their wallets. (takes money to buy whisky) if consumers move forward then they GameStop need to move forward. I agree with a lot of critics in regards to hardware. I had a Xbox and tried my hardest to not buy disks. I bought everything as download. I then moved away from Xbox to switch with downloads only and now use GeForce.
I've been moving away from physical for as long as I've been gaming. That's my choice. I want to buy from GameStop. But I don't want to buy overpriced discs. They take up space and if I return them I get a penny back. Great for GameStop as they get to double dip on a product and great for margins.
Now here's the issue with this particular tweet in my head. He's not advocating for consumers or the environment in this instance but for GameStops revenue systems. Rather than attacking consumers for their choices, which is silly in itself he should be focusing on getting gaming online. If GameStop has an online marketplace to buy and sell old and new games. Best of both worlds.
Just my opinion on the subject. I think both Sony and Xbox are moving forward and will be reducing hardware aspects. Microsoft has partnered with GeForce and already has an online presence. Sony is dragging it's feet but has an online catalog and is trying to fight Nintendo on handhelds.
With improvements in broadband and higher bandwidth levels online is becoming more accessible. It's not as good as consoles at the moment but it is getting better year after year. GameStop will be left in the dust if it doesn't keep up the pace. Yes it can have a boutique experience and sell extras and be fun. But it needs a more robust online service with the ability to buy online games.
It is not fair to say that Ryan Cohen is "attacking consumers." When you buy a physical disc –– then you own it –– free and clear. You can play it, loan it, sell it –– regardless of whether the corporation approves –– or is even in business anymore. When you "buy" a digital download, then your license could go away at any time. Look back at the history of digital rights management. And GameStop is investing in the future –– look at PLAYR and their partnership with Telos. Blockchain could be a way to bring these rights to digital downloads.
He kinda is attacking though. Consumers are buying diskless drives. So that's their choice.
I'm aware of physical Media vs digital. I'm advocating for a system similar to crypto. Not your keys not your coins. Similar for any property. However disks are an outdated media. They work less and less. Laptops have moved away from disk drives, consoles are removing them.
A hybrid solution I requires. As again I advocated for GameStop to have an online system. I can buy and sell digital games. Absolutely fantastic. I can only see this as a win for consumers.
My issue with the tweet and my understanding is that GameStop makes a lot of money reselling disks. I would need to dig into their finances to find out how much.
That is not good for consumers. Might be good for me as a shareholder but I can advocate for consumers and still want my company to do well.