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GameStop CEO Cohen spurns $35 billion pay plan to focus on plan to buy eBay (www.reuters.com)
submitted 3 months ago by to c/technology@lemmy.world
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[–] 19 points 3 months ago (3 children)

I lost all respect for Cohen when he went crypto. The meme stocks were a wild ride for a while, and he sounded like a good CEO when they brought him in, then he shit the bed. Good riddance.

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  • [–] 2 points 3 months ago (2 children)

    Eh, the crypto move was pretty reasonable actually. It's not like they were pumping meme coins, they were trying to build a marketplace to trade digital assets, which is probably the most legitimate application of blockchain. And in any case it seems like they've abandoned the idea for now.

    Not sure how you can say he "shit the bed", the company's only gotten more profitable under his direction.

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  • [–] 2 points 3 months ago (1 child)

    When I say shit the bed, I don't mean from a business perspective, I mean I think he's a toolshed for the crypto stuff, so in my eyes he shit the bed.

    I think crypto is a cancer, so anyone that's creating coins and actively pushing the tech is a douchebag. Even if they abandoned the idea, that doesn't do anything for me. I'm assuming they dropped it because it wasn't benefiting them enough to keep at it, not for some altruistic reason. Trust is hard to earn back. Wasn't also NFTs not just crypto? NFTs are the dumbest tech ever invented, so anyone that was apart of that, on either side of burning or selling, is a dumbass and makes bad choices.

    On top of all of that, the worst part of all of it, is he's a Trump thumper and endorsed him. Anyone in that boat is bottom shelf trash, regardless of their business practices, and I will do everything in my power to not only not support them, but to lambast them at any opportunity. Shaming pedophile supporters should be an American past time, and I'm here for it.

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  • [–] 2 points 3 months ago

    NFTs would be the digital assets available for trade. In the test marketplace, it was mostly the standard "unique" pictures, but that was just for testing. The idea was to use NFTs as a proof-of-ownership of a digital asset. Instead of a picture of a monkey or something, they'd be like activation codes or in-game assets (skins, guns, etc) with the goal of creating a secondary market for digital assets. There was also the potential to use them for smart contracts, so that the original creator could get a percentage every time one of their assets was sold on the secondary market.

    As for the Trump thumping, the only thing I saw was that tweet that said "TRUMP" a bunch, and considering the timing the consensus seemed to be that he was trying to exploit the algorithm. I haven't seen him actively endorse Trump, though admittedly I haven't been following very closely the last couple of years. It would be somewhat out of character for him though, he has been consistently vocal against Wall Street shenanigans, particularly predatory shorting and market manipulation.

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