Two days after Elon Musk controversially declares he will decide whether to sell 10% of his Tesla stock based on a Twitter poll, Ryan Cohen has shared some banter.

Ryan Cohen and Elon Musk’s Twitter antics have long been compared, with Cohen’s comical tweets reminding investors of the Technoking of Tesla.

In fact, Ryan Cohen used to place Elon Musk as one of his select follows.

Much has changed since then, including the Tesla CEO shutting down the company’s ability to accept cryptocurrency as payment for their cars, which coincided with Cohen’s unfollowing.

Interestingly enough, it wasn’t until several months later that we learned about GameStop’s plans to launch an NFT marketplace, utilizing blockchain.

What’s the joke?

On Saturday, November 6th, Musk tweeted a Twitter poll declaring that he will decide whether or not to sell 10% of his Tesla stock based on the results.

I propose selling 10% of my Tesla stock.

Elon asked his followers if they supported him selling 10% of his stock.

Elon followed up this tweet with some clarification,

I will abide by the results of this poll, whichever way it goes

While many expected Tesla’s stock price to plummet on the news, the stock only fell 4.8% on Monday.

Instead of sharing a poll on his own, Ryan Cohen has decided to poke fun, stating that he is deciding between the two options for his GME shares, HOLD or HODL.

Ryan Cohen tweeted on November 8th at 9:45 PM.

Without even offering selling as an option, the Chairman has expressed no interest in parting with his GME shares, which he acquired as early as April 2019. In late 2020, Ryan added to his position twice more until reaching a 9.98% stake, disclosed September 21.

One month later, in November, Cohen increased his stake to 12.9% and filed an amendment to his 13D with his iconic letter to the GameStop board urging the company to share a credible plan for seizing opportunities in the rapidly growing gaming sector.

GMEdd.com has gone ahead and shared our own poll, asking investors whether Ryan Cohen should HOLD or HODL, visit our twitter profile to leave your own vote.

Sources: Ryan Cohen on Twitter, Elon Musk on Twitter

Cryptic tweets are nothing new to GameStop investors, but Chinese is. What is the Loopring CEO saying on Twitter?

Loopring’s LRC Ethereum token has climbed over 120% in only days as speculation rises that GameStop’s NFT marketplace is launching soon.

On Wednesday, October 27th, GMEdd published source code from Loopring’s public GitHub repository that confirmed the highly-anticipated partnership amongst the ambitious digital pioneers.

The Swordsman (劍客)

While traders attempt to position themselves accordingly, Loopring’s CEO has shared a classic chinese poem on Twitter.

Loopring CEO Daniel Wang tweeted this at 9:37 PM EST on November 1st.

The text originates from Jia Dao’s classic Chinese poem, The Swordsman (劍客).

十年磨一剑

霜刃未曾试

今日把示君

谁有不平事

Jia Dao was a Chinese Buddhist monk and poet active during the Tang dynasty.

According to Dr. James J.Y. Liu, a professor of Chinese and comparative literature, Jia’s poem sums up the spirit of knighthood in four lines.

Here is a translation, courtesy of Andrew W.F. Wong.

For ten long years, a sword I whetted,  
Its frosty blade, as yet, untried.
Today, I hold it unsheathed before you;
Of you, to whom was justice denied?

What does it mean?

The poem can be understood as an analogy of a man, the poet, after studying hard (whetting his sword) for ten years, is now ready to take the imperial examinations (show his sword/swordsmanship to represent scholarship and abilities), pledging that he, as an official (the “swordsman”, as in the title), will right all injustices.  

One explanation is that Wang considers himself the swordsman, and, after years of hard work, he is now ready to present his abilities, GameStop NFT, to the world.

A special thanks to all of the GMEdd readers in China. We appreciate your support!

Source: Daniel Wang on Twitter, Andrew W.F. Wong Translations, Jia Dao on Wikipedia

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On Sunday, September 26th, the GameStop Chairman tweeted an old American proverb in a telling manner towards his strategy.

After Ryan Cohen co-founded Chewy in 2011 and sold the company to Petsmart for $3.35 billion just six years later, the financial media was dying to know the e-commerce mogul’s next start-up.

In a surprising move that disrupted retail brick-and-mortar unlike ever before, Ryan Cohen’s RC Ventures was awarded 3 seats on GameStop’s board in January 2021.

Since then, Cohen has cleared house, with fresh officers and new management now at the helm of the gaming giant.

The reception

While the talking heads of the financial world still try to make sense of it, the stock is up 1,725% since September of last year and Ryan Cohen has remained silent about his strategy, driving them crazy.

Analysts such as Loop Capital’s Anthony Chukumba stay awake at night over GameStop’s antics, refusing to cover the stock.

Ryan Cohen explained this mindset to shareholders at GameStop’s annual meeting.

We know some people want us to lay out a whole detailed plan today, but that’s not gonna happen. You won’t find us talking a big game, making a bunch of lofty promises, or telegraphing our strategy to the competition. 

The Twitter Genius

One look at Ryan Cohen’s Twitter and you would be hard-pressed to believe this man is running any public company, nonetheless one the market values at $14 billion.

Ryan Cohen has been tweeting comedic gifs and hard-to-decipher memes for almost a year now, but his most recent didn’t take long for investors to comprehend.

On September 26, 2021 Ryan Cohen tweeted, “Talk is cheap, it takes money to buy whiskey.”

The phrase “talk is cheap, it takes money to buy whiskey,” which was first ever seen in the Chicago Daily Tribune on November 21, 1891, means that it’s easier for someone to say that he will do something than to actually do it. 

Many who run public companies make a bunch of lofty promises, leaving Ryan Cohen as a contrarian. He prefers to execute.

Work Hard in Silence

While GameStop rarely announces corporate strategy, GMEdd has logged over 180 tech-related hires at GameStop Corp., just via LinkedIn.

Something must be brewing.

A recent job posting at GameStop.com for a Senior Full-Stack Order Management System Software Developer at the new Florida center reveals that GameStop believes the hype is real, and they are now laying the foundation for the next generation of an iconic company.

GameStop’s job posting often reveal what the up to behind-the-scenes

Although many GameStop investors are eager to hear more from the reserved Chairman, the tweeting of a simple proverb is enough to raise some’s bullish spirits.

Let’s just hope it’s some nice whiskey.

Sources: Ryan Cohen on Twitter, GameStop.com

After tweeting a nod to both the Olympics and the news about GameStop’s brand coming to Canada, the Chairman has refined his Twitter following.

Here at GMEdd, we overanalyze. It’s what we do best. 

On February 4th, 2021, Ryan Cohen briefly followed GameStop’s investing icon Roaring Kitty. GMEdd decided that was worthy of discussion, so we called attention to it. When Ryan Cohen made any sort of adjustments to his following from that point on, we felt obliged to cover it.

Since then, Ryan Cohen has made several tweaks to his Twitter following, and we have continued to try and speculate as to what each change could mean.

Follow Along the History

February 4, 2021: Ryan Cohen follows Roaring Kitty as the personality becomes the face of retail investors for his famous conviction in GameStop. At the time, Cohen had followed just GeekWire, PCGamer, The Wall Street Journal, and the Financial Times.

February 5, 2021: We watched as Ryan Cohen doubled his 5 follows into 10 overnight, diluting his count more than the CEO of AMC. Cohen follows Steam, Electronic Arts, SEGA, Call of Duty, EA Sports, Xbox, PlayStation and GameStop, and unfollows Roaring Kitty, The Wall Street Journal, and the Financial Times.

February 15, 2021: Ryan Cohen follows Elon Musk. Cohen Unfollows SEGA to accommodate for the spot for Musk.

February 24, 2021: The Chewy founder unfollows Electronic ArtsCall of Duty, and  EASPORTS.

May 13, 2021: Ryan Cohen unfollows Elon Musk amid controversy on Twitter. Cohen is left with only 4 follows: Xbox, PlayStation, NintendoAmerica, and GameStop.

What now?

On Wednesday, July 28th, Ryan Cohen has unfollowed Xbox, PlayStation, and NintendoAmerica.

Cohen is left following just the GameStop official Twitter profile. Simple, sleek, elegant.

Could this mean that GameStop is the only company on Ryan Cohen’s mind? Jeff Bezos also only follows one account, is this another play from Amazon’s book?

Who knows. Does it really matter? We’ll stop stalking your following now, Ryan.

We promise.

Source:  Ryan Cohen on Twitter

After market skeptics feared a “Black Monday” stock sell-off, GameStop closed up 2.63% and Ryan Cohen stuck chopsticks up his nose.

Ryan Cohen has always had a goofy side, sharing sometimes raunchy and mysterious images on Twitter, such as a poop emoji over a picture of a Blockbuster store or the stuffed bear from the movie “Ted” ripping a bong. 

In a tweet sent out at 10:48 PM EST on July 19, 2021, the recently appointed Chairman of GameStop shared a photo of himself playing with chopsticks.

Wearing a black tee with a pair of sunglasses hanging on the collar, the photo was captioned, “PG-13.”

Speculative investors were quick to draw assumptions as to what a deeper meaning of the tweet could entail, largely rooted in the odd text and the split chopsticks.

PG-13

While PG-13 is typically known as a movie rating reserved for stronger-language movies by the Motion Picture Association film rating system, some interpreted this as a nod to Pg. 13 of GameStop’s Prospectus.

GameStop’s current prospectus, a disclosure document that describes a financial security for potential buyers, was filed on May 9th and utilizes page 13 to describe the definition of one unit of GameStop’s security.

A Stock Unit is a bookkeeping entry representing an amount equivalent to the Fair Market Value of one Share, payable in cash, property or Shares. Stock Units represent an unfunded and unsecured obligation of the Company, except as otherwise provided for by the Administrator.

Some believe this describes details for navigating a stock split event, dividend, or mythical NFT-dividend.

It is important to note that while GameStop’s “NFTeam” has grown exponentially, the ever-sensationalized NFT dividend theory has little evidence to support it.

2:1 Chop Sticks, Stock Split

Presumptive GameStop investor and reddit user I_eat_bananna interpreted the tweet as Ryan indicating that “the split is right under our nose.”

The expression “under someone’s nose” is used to describe something that one fails to see or notice even though he or she should.

In a stock split, shares are divided up, which can be done for several reasons; most commonly to reduce the share price to appeal to a larger number of retail investors.

This often makes sense when a company’s stock has increased to a point where retail traders consider it an unattractive or unaffordable investment, despite a low or reasonable market cap.

In 2020, Tesla announced a 5:1 split on August 11th with NASDAQ:TSLA at $1374 (split adj $274.88). Between August 11 and August 31 (effective split), TSLA rose +81%.

GameStop Corp.’s last stock split was effected on February 20, 2007, where the company declared a two-for-one stock split.

Information on this 2:1 split is still available on GameStop’s investor relations page. The page describes the impacts the adjusted price would have on the stock.

A 2-for-1 split means the investor will have twice as many shares as before, at half the market price. The split does not change the aggregate value of the shares you own. 

In GameStop’s February 12, 2007 announcement of the two-for-one split, R. Richard Fontaine, GameStop’s Chairman and Chief Executive Officer at the time, describes the reasoning for the price adjustment.

Growing rapidly and looking to appeal to a broader range of potential investors?

That sounds familiar.

Can’t Chop, Won’t chop, Gamechop

Any hint towards a future dividend or stock split is rooted in conspiracy; but what are investors if not speculators?

While no definitive reason can explain any of Ryan Cohen’s seemingly cryptic tweets, we can be reassured that GameStop’s Chairman enjoys Asian food and knows how to drive us crazy.

Wait, that’s not reassuring.

Sources: Ryan Cohen on Twitter, GameStop Investor Relations, GameStop Newsroom, GameStop Prospectus

With 10 minutes to market close on Thursday, Ryan Cohen has shared his support for a fan’s project to create a LEGO set of a classic GameStop store.

In what may signify a change of pace towards the GameStop Chairman’s infrequent acknowledgements of retail investors, Ryan Cohen has linked to a fan-created GameStop Classic Shop on ideas.lego.com with the caption “I ❤️ this.”

The Set

The “GameStop Classic Shop” LEGO set, which was generated by LEGO Ideas user MCHLN, was posted on July 6th and only recently began gaining traction on social media today.

An article titled, LEGO Superfan Pays Homage to GameStop in New Set Design  by Sarah Kearns published by HYPEBEAST today may have also drawn Ryan Cohen’s attention towards the project.

The designer that submitted the project to LEGO Ideas needs 10,000 supporters to move on to Lego’s Expert Review Board, where it would then be considered for production.

Ryan Cohen’s link bumped the set from only 295 supporters to over 1,000, immediately becoming one of the fastest-growing Ideas on LEGOs site.

Full of jokes

The set makes several references to GameStop’s retail investor culture, including the Wallstreetbets guy holding a diamond in one hand, and a crayon in another,  drawing a stock chart that resembles NYSE:GME’s past… all while an ape watches.

The EXIT sign on the rear of the store is also green and crossed out, signifying the lack of an exit strategy among many investors, a line made famous by deepfuckingvalue.

Oh, and the GameStop is on the literal moon.

The Inspiration

The creator says that, while this is his first LEGO Ideas set, it is inspired by both the LEGO community and GameStop fans all over the globe.

Inspired by the community of both Lego Ideas and the GameStop Fans all over the globe – and also their connection through Lego video games, I created a classic GameStop Shop. Hope you like it, maybe send it to the moon with your likes? The Set is supposed to release with five mini figures, one representative ape, and the graffiti on the backside.

Located by GameStop’s Corporate Headquarters in Grapevine, Texas, is a Legoland Discovery Center just 12 minutes away.  The Discovery Centres are smaller versions of the Legoland theme parks located around the world. 

Check out the GameStop Classic Shop LEGO Ideas project page here.

Sources: Ryan Cohen on Twitter, LEGO Ideas, HYPEBEAST

On America’s Independence Day, Ryan Cohen has embraced GameStop’s new look alongside their famous “Power to the Players” slogan.

GameStop’s Chairman has sent out a tweet on the Fourth of July featuring the gaming retailer’s classic tagline followed by an American flag emoji. 

The tweet was also paired with an update to Cohen’s Twitter profile.

When Cohen was granted his new position at the Annual Shareholders Meeting, he updated his bio to feature a chair emoji and GameStop’s username. In the last few weeks, Cohen slightly changed his Twitter bio, properly capitalizing both @Chewy and @GameStop and removing the comma in-between both companies. Sorry, we’re a bit crazy.

Now, Cohen has updated his cover photo as well, ditching the Florida palm trees in favor of the famous slogan.

Power to the Players

This same slogan and graphic design is now featured as a cover photo for @GameStop on Twitter.

In the last week, GameStop has flaunted the black and white branding that GMEdd uncovered on June 18th being implemented on all of the GameStop Corp. social profiles. Unannounced, GameStop has deactivated the @GameStopCorp Twitter profile and brought the new look onto the consumer-facing social platforms. 

Source: Ryan Cohen on Twitter