My takeaway was that the purpose of AI is not to do “your job” as well as you but to do the things you refuse to do in your job as a person with taste and ethics.
He has a massive stake in Gamestop outside of this pay package. The loss from diluting his massive accumulated position is not worth the bonus unless he thinks the price will recover long term.
My take? The strategy is like a contractor fixing up houses. GameStop was the crappiest house on the block. He’s fixed it up and is using it as collateral to take out a loan and buy the dilapidated mansion next door (eBay). He’ll keep going until he’s gentrified the whole neighborhood using the value of the current business as collateral to buy the next. He wants to sell only when the value of the entire gentrified neighborhood reflects market rate for the work he's put in.
GameStop has a standing approved agreement to issue up to a billion new shares. If you read the offer you will see it is 50% financed by GameStop stock.
They threw him a hardball today in his cnbc interview on this topic. $GME stock value would plummet short term, but the combined company would revalue much higher.
Current Gamestop shareholders would be diluted. They would own, proportionally, a much small slice of the combined company, but at a higher price point.
The framing of this as, "Ryan Cohen is diluting Gamestop shareholders in order to meet the terms of his enormous pay package" is disingenuous though, as his pay package is all stock. He's diluting himself too. He obviously has faith that, long term, the value of the combined company can substantially grow.
The attention stunts were a strategy toward finding profitability for the core GME business model.
This is significantly different, in line with a strategy that seems to have been in place since he became CEO of Gamestop.
This appears to be an attempt to take over eBay the same way he took over Gamestop by acquiring a 51% controlling interest with capital he will raise by further diluting the value of Gamestop shares.
It appears long term he is trying to build the, "Amazon of the secondhand market".
Incentives are key. If Congress does not present a balanced budget then there has to be consequences. Many other countries work this way. No balanced budget forthcoming? Then there is an immediate collapse of the current government or ruling party and run-off elections to replace them.
My understanding is that unique historical, cultural, and even geographical factors have led to this outcome for Oman. I would encourage you to read up on the history of the country to understand the nuance here and not paint with such a broad brush.
Its ok he'll just slot some new softs from Shinjuku corp and break the ICE on the implants from his VR 3d rendered file system that he jockeys into with his Nintendo power glove.
*Oh god, you made me remember Adobe Atmosphere was a thing...
The article is the most blatant AI slop I’ve ever seen. Neuromancer is iconic in a way that needs no clumsy metaphor or equivocating awkward comparison.
It’s like reading a biography of George Washington and the “author” keeps reaching for ways to explain his traits saying things like, “He was known primarily for his love of cherries, so much so that he chopped down a tree of them. Very similar to the more well known Honest Abe Lincoln who would chop down trees due to his love of cabin building. This is the most important fact about these two men that I found mentioned online.”