Over 2 Years Ago
3 Min Read
Morning low-down on /r/Wallstreetbets featuring BBBY, SPY, and SOFI
What do BBBY, SPY, and SOFI have in common? They're all chatting on /r/Wallstreetbets this morning.
The chatter is all about BBBY this morning on /r/Wallstreetbets while BBBY is the apple of /r/investing's eye. Meanwhile, over at /r/valueinvesting, BBBY is the current buzz.
Overall, WSB sentiment is bearish compared to bearish yesterday and bearish the previous week. PTON, NVDA, SNOW were the most bullish while traders are less optimistic about SPY, SOFI, BBBY.
Moreover, the top ranked comments today are:
sha_dow_fax - 4016 upvotes - source
“ GameStop Corp. plans to reward thousands of employees with stock and pay raises, returning focus to its bricks-and-mortar business as the company looks to become profitable under new leadership. The videogame retailer, which had pivoted last year to growing online sales, is trying to do more to motivate and retain the employees at its stores, according to a Wednesday memo to employees reviewed by The Wall Street Journal. The company plans to award stock to all of its U.S. store leaders and give raises to some senior store staff. Store leaders will receive up to $21,000 in stock, which will vest over three annual installments. The financial awards will start next month, Chief Executive Matt Furlong said in the memo. Mr. Furlong didn't specify what amount of time employees would need to have worked at the company to qualify for the raises. "After spending a year strengthening our assortment, infrastructure and tech capabilities, we're now focused on achieving profitability, launching proprietary products, leveraging our brand in new ways and investing in our stores," Mr. Furlong said in the memo. "While we continue evolving our e-commerce and digital asset offerings, our store fleet will remain critical to GameStop's value proposition." The company is investing between $45 million to $50 million in the new employee-compensation initiative, according to a person familiar with the matter. It applies only to staff at the company's more than 3,000 locations in the U.S., this person said. Last year, GameStop was at the center of a monthslong, social-media-fueled trading frenzy. Chewy Inc. co-founder Ryan Cohen, who had taken a large stake in the company, pushed for new leadership in hopes of turning its fortunes around. GameStop has posted annual losses for years. Mr. Furlong joined GameStop in mid-2021 as part of Mr. Cohen's overhauling of the company's executive team and board of directors. Mr. Cohen also was elected chairman last year. GameStop has spent much of the past year on efforts to revamp and grow its e-commerce operations, including by leasing more fulfillment centers and adding a new customer-service facility in Florida. The company launched a marketplace for trading nonfungible tokens, digital assets commonly referred to as NFTs. In the quarter through April, Grapevine, Texas-based GameStop said sales increased as its loss widened. The company's shares have fallen more than 35% over the past 12 months. The Nasdaq Composite Index fell less than 20% over the same period.”
brucekeller - 3607 upvotes - source
Damn that would kinda suck working retail and seeing a bunch of people gambling 20 years of your wages on a whim on the company you work for that you hate lol.
PFCanon0173 - 2620 upvotes - source
This is absolutely not legal whatsoever. Your friend should run for this hills from this company, and definitely report them.
Duzand - 2301 upvotes - source
New banner for the sub right here
Ap3X_GunT3R - 1938 upvotes - source
Costco. - global physical infrastructure - a time tested business model I.e. high retention rate of members - founders are emphatically pro-consumer - Kirkland branded items - bonus: Kirkland booze - Online presence is finally getting started - customer engagement (there are social media pages dedicated to products that pop up at Costco) Edit: - treat their employees great + great benefits - incredibly large catalog that updates rapidly Consumer edit: - inflation proof hot dog combo - Inflation proof rotisserie chicken
bwald58 - 1559 upvotes - source
Store leaders deserve to be delighted too 💜
Actually-Yo-Momma - 1484 upvotes - source
It kind of reminds me of early GME days. Everyone and their moms have been shitting on actual GameStop stores for YEARS. The trade in your game for 50 cents meme has been around for a decade. Then the stock starts going bonkers and everyone pretends like they go to their local GameStop every day and have always loved it there
oMadRyan - 1444 upvotes - source
Absolutely not. If CoD, Apex, and sometimes even Val can't stop all cheaters (wallhacks, aimbot, etc), how the hell is some unknown crypto dev going to do it?
skyramalpha - 1306 upvotes - source
I like this. We want happy employees, just like at chewy
Lonan27 - 1212 upvotes - source
I am an employee and I don't even use the employee sub, nor would I be fucking stupid enough to talk Superstonk over there. Do better guys. Edit: being reported to the Reddit help line for this comment, nice.
Gamblez999 - 1102 upvotes - source
PUMP INCOMING. OPENS AT $14 TOMORROW, MARK MY WORDS
Adventurous_Garlic58 - 1086 upvotes - source
Post ur interview plz and give a fuck
The chatter is all about BBBY this morning on /r/Wallstreetbets while BBBY is the apple of /r/investing's eye. Meanwhile, over at /r/valueinvesting, BBBY is the current buzz.
Overall, WSB sentiment is bearish compared to bearish yesterday and bearish the previous week. PTON, NVDA, SNOW were the most bullish while traders are less optimistic about SPY, SOFI, BBBY.
Moreover, the top ranked comments today are:
sha_dow_fax - 4016 upvotes - source
“ GameStop Corp. plans to reward thousands of employees with stock and pay raises, returning focus to its bricks-and-mortar business as the company looks to become profitable under new leadership. The videogame retailer, which had pivoted last year to growing online sales, is trying to do more to motivate and retain the employees at its stores, according to a Wednesday memo to employees reviewed by The Wall Street Journal. The company plans to award stock to all of its U.S. store leaders and give raises to some senior store staff. Store leaders will receive up to $21,000 in stock, which will vest over three annual installments. The financial awards will start next month, Chief Executive Matt Furlong said in the memo. Mr. Furlong didn't specify what amount of time employees would need to have worked at the company to qualify for the raises. "After spending a year strengthening our assortment, infrastructure and tech capabilities, we're now focused on achieving profitability, launching proprietary products, leveraging our brand in new ways and investing in our stores," Mr. Furlong said in the memo. "While we continue evolving our e-commerce and digital asset offerings, our store fleet will remain critical to GameStop's value proposition." The company is investing between $45 million to $50 million in the new employee-compensation initiative, according to a person familiar with the matter. It applies only to staff at the company's more than 3,000 locations in the U.S., this person said. Last year, GameStop was at the center of a monthslong, social-media-fueled trading frenzy. Chewy Inc. co-founder Ryan Cohen, who had taken a large stake in the company, pushed for new leadership in hopes of turning its fortunes around. GameStop has posted annual losses for years. Mr. Furlong joined GameStop in mid-2021 as part of Mr. Cohen's overhauling of the company's executive team and board of directors. Mr. Cohen also was elected chairman last year. GameStop has spent much of the past year on efforts to revamp and grow its e-commerce operations, including by leasing more fulfillment centers and adding a new customer-service facility in Florida. The company launched a marketplace for trading nonfungible tokens, digital assets commonly referred to as NFTs. In the quarter through April, Grapevine, Texas-based GameStop said sales increased as its loss widened. The company's shares have fallen more than 35% over the past 12 months. The Nasdaq Composite Index fell less than 20% over the same period.”
brucekeller - 3607 upvotes - source
Damn that would kinda suck working retail and seeing a bunch of people gambling 20 years of your wages on a whim on the company you work for that you hate lol.
PFCanon0173 - 2620 upvotes - source
This is absolutely not legal whatsoever. Your friend should run for this hills from this company, and definitely report them.
Duzand - 2301 upvotes - source
New banner for the sub right here
Ap3X_GunT3R - 1938 upvotes - source
Costco. - global physical infrastructure - a time tested business model I.e. high retention rate of members - founders are emphatically pro-consumer - Kirkland branded items - bonus: Kirkland booze - Online presence is finally getting started - customer engagement (there are social media pages dedicated to products that pop up at Costco) Edit: - treat their employees great + great benefits - incredibly large catalog that updates rapidly Consumer edit: - inflation proof hot dog combo - Inflation proof rotisserie chicken
bwald58 - 1559 upvotes - source
Store leaders deserve to be delighted too 💜
Actually-Yo-Momma - 1484 upvotes - source
It kind of reminds me of early GME days. Everyone and their moms have been shitting on actual GameStop stores for YEARS. The trade in your game for 50 cents meme has been around for a decade. Then the stock starts going bonkers and everyone pretends like they go to their local GameStop every day and have always loved it there
oMadRyan - 1444 upvotes - source
Absolutely not. If CoD, Apex, and sometimes even Val can't stop all cheaters (wallhacks, aimbot, etc), how the hell is some unknown crypto dev going to do it?
skyramalpha - 1306 upvotes - source
I like this. We want happy employees, just like at chewy
Lonan27 - 1212 upvotes - source
I am an employee and I don't even use the employee sub, nor would I be fucking stupid enough to talk Superstonk over there. Do better guys. Edit: being reported to the Reddit help line for this comment, nice.
Gamblez999 - 1102 upvotes - source
PUMP INCOMING. OPENS AT $14 TOMORROW, MARK MY WORDS
Adventurous_Garlic58 - 1086 upvotes - source
Post ur interview plz and give a fuck
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