GME Australia
cross-posted from: https://lemmit.online/post/14247 > ##### This is an automated archive made by the [Lemmit Bot](https://lemmit.online/). > The original was posted on [/r/Superstonk](https://old.reddit.com/r/Superstonk/comments/14hm02p/gme_daily_directory_new_start_here_discussion_drs/) by [/u/AutoModerator](https://old.reddit.com/u/AutoModerator) on 2023-06-24 07:01:23+00:00. > *** > [GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com/) > > GameStop [Investor Relations](https://news.gamestop.com/) > > **Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) > > How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? > > [Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) > > Other [GME Subreddits](https://www.reddit.com/r/Superstonk/about/wiki/index/gme_communities/) > > 🙋 [What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) > ==================================================================================================================================================== > > 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) > ========================================================================== > > > > > A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you > > > > > > > > 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/139sfdo/may_2023_computershare_megathread_with_updated/) > ================================================================================================================================== > > > > > Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! > > > > > > > > 🍌 [Monthly Open Forum](https://www.reddit.com/r/Superstonk/comments/12e2b7r/monthly_open_forum_april_2023/) > =========================================================================================================== > > > > > Each month, we will host a Monthly Open Forum (our monthly meta post) where you can ask questions relating to the sub, share your rants, raves, suggestions for improvement, etc. > > > > > > > > 📜 Petition against FTDs Europe > ============================== > > > > > Failure to delivers are undeniably the most destructive market practice, so [here's a petition to force european governments and representatives stop it!](https://www.europarl.europa.eu/petitions/en/petition/content/0775%252F2022/html/Petition-No-0775%252F2022-by-A.P.-%2528German%2529-on-the-enforcement-of-Regulation-%2528EU%2529-No-909%252F2014-on-improving-securities-settlement-in-the-European-Union-and-on-central-securities-depositories) **Everyone can sign it, not just EU residents**. For more details, please check this post: <https://www.reddit.com/r/Superstonk/comments/1084sja/eu_regulators_want_to_postpone_indefinitely_the/> > > > > > > > >
Tldr: stock rose by 35% this year, following significant insider purchases. Amid leadership changes and cost-cutting, Australian investors grapple with CommSec's discontinuation of Direct Registration System (DRS) transfers for GameStop shares. - GameStop (GME) stock has recently seen significant insider buying activity. On June 9, GME Director Alain Attal purchased 10,000 shares and Director Lawrence Cheng bought 5,000 shares. Cheng also bought an additional 5,000 shares earlier in the year on March 29. - GME stock has surged more than 35% in value so far this year. - GameStop is going through many changes, with leadership transitions and cost-cutting practices being implemented. The company reported a net loss of $50.5 million in Q1, an improvement from a net loss of $157.9 million a year ago. Sales for the quarter totaled $1.237 billion, down from $1.378 billion last year. - Ryan Cohen has been appointed as Executive Chairman of GameStop. Shareholders have high expectations that Cohen will be able to revitalize the company. - On the Australian Reddit forum "GMEmate", there have been discussions about Direct Registration System (DRS) transfers. A post was made indicating that CommSec International has stopped supporting DRS transfers. However, I was not able to find a complete and clear answer to the current status of DRS transfers with other Australian brokers. - It appears that some Australian GameStop investors are considering moving from CommSec to other brokers such as Interactive Brokers or Stake for the purpose of DRS.
The shares are running out! 
1. **RC Ventures and Buy Buy Baby**: RC Ventures is listed as a creditor in the bankruptcy proceedings of Buy Buy Baby. This could mean that RC Ventures bought bonds from the company or is owed money from past dealings. Some suggest that Ryan Cohen, who runs RC Ventures, might be interested in bidding to buy Buy Buy Baby or could be paid back in assets instead of money. 2. **Citadel Bankruptcy Rumors**: There are discussions about a podcast that claimed several financial firms, including Citadel, were close to bankruptcy during the 2020 market crash caused by the COVID-19 pandemic. While some find this plausible given the sharp drop in the S&P 500 at the time, the consensus seems to be that this is no longer a significant concern because the government and banks bailed out these firms. There's also a rumor that Ben Bernanke is paid $20 million a year by Citadel, but this was acknowledged as unconfirmed in the discussion. 3. **Blockbuster Revival**: Ryan Cohen liked a tweet from Blockbuster, which led to speculation on its potential revival. One theory posits that Blockbuster was shorted excessively and if any shorts remain open while it resurrects, it could lead to significant market turbulence. 4. **Pulte Tweet**: Ryan Cohen liked a tweet from Bill Pulte, which led to various interpretations. Some expressed frustration with the continuous speculation, while others speculated about possible meanings such as a takeover or connection with WiseKey. 5. **2022 Q3 Results** The company's third quarter fiscal year 2022 results were shared. 6. **Stock Price** The stock price of GameStop also drew attention, with a decrease of 1.09%. The stock's average volume over the past 30 days was about 1.65 million shares. Buy, Hodl, DRS, Book
cross-posted from: https://wallstreets.bet/post/1273 > TLDR: It seems to me like there is a real question hanging out in the ether around who actually owns the content that gets posted to reddit. The ongoing protests bring to light some important points about reddit and social media companies as a whole, specifically around content generation, ownership, and brand identity. > > Positions: Long dated puts on Reddit once they IPO and options become available; Long dated puts/ calls on alphabet depending on how they react. > > > Thesis: > > For social media sites like reddit (and perhaps to a greater extent, youtube and tictoc), there is an ongoing conflict that will always be present between the owners of the company, and the 'owners' of the content. In the case of youtube, the owners of the company (alphabet) have pretty clearly understood that the content that they host is not 'theirs', that its the property of the uploader/ creator/ copyright holder, etc.. > In this case, there is pretty clear and established law around video and audio media for this kind of property rights. Because of this, youtube has primarily built its self as a support engine for the generation and consumption of that content, and doesn't see themselves as the 'owners' of that content; this is made even more clear by the profit sharing arrangements they'll enter into for channels that are doing well, generating traffic, etc. In 2022, [advertising made up 80% of googles revenue](https://www.theverge.com/2022/4/26/23043402/google-alphabet-youtube-q1-2022-earnings), and while its rather opaque about how much of that is search or other services, youtube is the 9000 kg gorilla in the room. Its one of the only clear advertising pathways that gives advertisers reliable in-site into if their ad was actually seen, it gives them clear metrics into demographics and audience due to the videos. So just keep in mind, inspite of all of the AI hype, advertising is still 80% of alphabets revenue; this is largely from a social media/ content platform (not that dissimilar from reddit from a discovery perspective). I think its also important to note here that youtube has been aggressively experimenting with countering ad-blockers/ forced consumption via apps, etc. > > Reddit has a very different perception of ownership than youtube has taken. Reddit very clearly sees themselves as the owners of everything that gets created on their platform. While this is legally dubious, that is irrelevant to the premise. For example, lets say that youtube wanted to force all people to use the app to watch youtube. There would be nothing stopping content creators from pulling their videos off youtube, moving to some other platform; taking their ball and going home. Youtube would have no recourse. They couldnt force the channels back up or post the videos elsewhere without putting themselves in serious legal jeopardy, which they would definitely lose on at least most high courts. Contrasting this with reddit, the company is going to be forcing open these subreddits and opening them up; perhaps replacing moderators; etc. So, to some extent, this might open them up to legal jeopardy. I think there is a clear argument that you can make that by starting and moderating a subreddit, you've 'created' something. That same argument extends to the posts and content its self. I do see this as a very unlikely case, and one not likely to hold up under our current legal system. However, this DD is about what this implies to the broader social media landscape. Reddits commitment to the enshittification of all things through their forcing of users to be beholden to capitol is consistent with the degradation of all platforms during their lifecycle. > > When things are novel, new modes of interaction are created. The beginning of the lifecycle is chaotic, wild-west energy. This generates excitement, fomo for the new thing, and as a result, exponential growth. This is where the first 1-20% of users come from. These are the super users, the mods, the comment creators, and the commentors. These 20% are followed in the second phase by the 20-60%. These are the consumers, the one word replies. In reddit parlance: "this". This cohort confuses themselves with the first 20%. The final 40% come in after the west has been tamed, when the avatars are released, they see wild thing that corporate has tamed and thinks this is the way things have always been. > > **This distribution is consistent across almost every domain, where a very small percentage of participants is responsible for the vast majority of activity, and most low engagement users confuse themselves as being higher engagement.** > > Lets start putting this all together. Reddit has created no reward or profit sharing for its most highly engaged audience (the 20%). Reddit also does not see the content generated on their platform as yours; they see it as theirs. Effectively you (the content creator) have no rights to what you do on their software. There are clear alternatives for content sharing and generation to reddit. Lemmy is one of them, but realistically, there are others, much more popular (tictoc, insta, etc..). None of them are as good an aggregator as reddit, the "front page of the internet" (whoever made the decision to get rid of that tagline should be fired). What this situation does, however, is create a kind of battle for the spirit of where social media goes next. If reddit can effectively "get away" with stealing the content that not-reddit has made using their platform, other social media platforms will follow. > > > So building on the enshittification of all things, and consistent with what we're seeing across the web-3.0 internet, we're watching what were previously open spaces turn into walled gardens, and walled gardens turn into moated castles. Why is this relevant or how does this turn into a DD? My thinking here is that the reddit blackout has real implications for the enshittification of all things. If companies can steal your content and not pay you for it, they will. This might be dependent on how 'locked in' they think they have you. I think youtube would be next, my speculation is that they would look to create a 'two-teired' ownership structure. They won't risk getting sued by Miramax, but they could give a shit if you want to leave with your 100k subscriber channel. They're keeping your content and you can fuck off (which is effectively what reddit is doing and may be able to set a precedent for). > > Since this is a DD, I'm required to post positions, so here they are. > > I'm still waiting on the Reddit IPO, and once options become available, I'm expecting a Rivian style blow up and then blow out. I'm going to try buying the longest dated puts possible at the top. Since they arent public yet, its unclear to me what strikes I'll be getting, but I'll be watching for a peak, and then will buy at the money. > > Further, I'm going to be paying extremely close attention to how other social media companies react to the reddit black out from a content ownership and creation standpoint, with my primary being alphabet. I'll also be monitoring the growth of the fediverse closely and looking to see how viable the alternatives are. Its important to remember that all of the modern monoliths in social media started as alternatives, so don't count out the geeks. > > If youtube takes a similar tack as reddit, and especially if there is a growing/ viable alternative space like floatplane or peertube, or whatever, I'm looking at long dated puts. If they seem like they are doing more to support their creators, I'll go for long dated calls. > > Either way, I think we're in for some seismic shifts in the social media landscape over the next 3 years. I'm really excited for the reddit IPO, mostly so that I can profit from their downfall. I think they really misunderstand where their value is created.
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**On Thursday June 15th at 9:30 AM CT you will be able to go to the following link and log in with your control number where you can listen in on the meeting.** - June 15th at 09:30 CT - June 15th at 22:30 AWST - June 16th at 00:00 ACST - June 16th at 00:30 AEST ## LINK: [www.cesonlineservices.com/gme23\_vm](http://www.cesonlineservices.com/gme23_vm) ## HAVE YOUR CONTROL NUMBER READY
## So what is going on? https://www.drsgme.org ## Resources for Transferring to ComputerShare from our Brokers & Superfunds All Brokers - [DRSGME.org](https://www.drsgme.org/register-from-broker) Example Brokers - check the DRS site or failing that GMEmate subreddit * ANZ * CommSec - **Stopped supporting DRS last week** * CMC Markets * Etoro * IBKR * IG Australia * NAB * SelfWealth * St.George * Stake * Superhero * tastytrade * Westpac ## Buy, Hodl, DRS, Book
