And we want to stick with the topic of gamestop with our next guest and for that we're bringing into our stream youtube host matt coors matt. Thank you so much for stopping by this morning for gamestop this was a top line. Beat bottom line, miss with a surprise, quarterly loss, not to mention the official announcement on gamestop's nft marketplace. What do you think investors should really be taking away from this report? Last night i mean investors and we're even seeing it in the market right now with that bottom line miss, but yet gamestop's in the green, to the tune of, i believe, roughly five percent as we're speaking live and it comes back to what gamestop is and the Saying around it can't stop, won't stop game, stop and i'm being a little bit jokey there, but in all reality i think it's very much a future.

Looking thing as matt furlong, the ceo even said he's looking at. How do we embrace the new movements in technology, particularly in the world of gaming, and i'm particularly extremely bullish on this nft marketplace, and i just think the world would be taken storm by play to earn games, and i think gamestop, with its very passionate support base, Is going to be in the perfect position to really, i guess, capitalize on this movement, talk to us a little bit more about your expectations for this nft marketplace, because as far as just breaking down this earnings call was only about 10 minutes long, we didn't necessarily Get a whole lot of details about what this is actually going to look like, except for the fact that it's going to be launching by the end of the fiscal second quarter. What do you think this is going to ultimately take shape as for gamestop, and what is this going to mean for its future? I think uh. Let me take that second part first, so for quite a while - and this is a big thing of why, like you mentioned, a lot of analysts, aren't watching it and way back when there was a considerable amount of short interest because they were looking at.

It was brick and mortar and there's a rise in e-commerce and i think what their and when i say today, i'm referring to the leadership team at gamestop they're, seeing that there is going to be this pivot and we should be focusing more on e-commerce. So i like that, i like this new direction of okay. How can they take that side of the business by storm and i think they're going to execute on it through the nft marketplace, because i think nfts will continue to rise, especially first in this play to earn sector. So, for example, over the past year we saw people a lot of people in southeast asia, replacing their entire yearly income with play to earn games.

To me, this is a very, very natural partnership and they're going to be executing it with the company from australia referred to as immutable x, so and also in a partnership with loopring. So that's going to be kind of like the technology powerhouse be behind how they pull off this nft marketplace. But there's so many things aligning uh year over year, we're seeing esports grow at a rapid pace, we're seeing nfts and last year they did roughly 23 billion dollars in transactional volume according to dap radar and now we're seeing a company that clearly it has that meme Fervor behind it, where people are going to be really excited as they start to pull this stuff off uh. In my own non-financial advice, opinion, i'm seeing a lot of things aligned, which is making me diamond hand, my gm shares, even more and yet, at the same time, gamestop still produced a loss in what's supposed to be its busiest quarter during the holiday shopping season.

It also didn't issue guidance for the full year or the current fiscal quarter. What do you think this says about where the company is at right now and really just the lack of visibility that many investors who would be buying this or selling this on fundamentals? Don't have a whole lot to grasp onto right now, that's very fair! So, historically over the past, i believe four to six quarters. They actually haven't been taking any questions or guidance so for this particular one i don't think it was really out of tune of what we've seen over the past year and other large companies like for the longest time there. Not even apple is doing it because we're in a scenario for various reasons, on a global scale of why many companies don't want to do future guidance.

So i didn't find that that bothersome. Of course i wanted them to be popular. I know this same quarter of the year before they were not profitable to the tune of 80 million, and then this last one it was a loss of 147, but they were citing supply chain issues once again, like many other companies, not only in the us across The globe, but i think this is a big difference right now of when we're looking at investments and trades from, let's say the old guard to the new guard, i would say referring to retail, especially it's super future forward. Looking that's what we want it's more of like okay, we understand that the previous quarter, the supply chain issues - they didn't execute it, but the excitement of why gme is green right now and why the market is spoken on being up.

Five percent is because of the excitement surrounding this nft marketplace, which is a multi-billion dollar industry already and speaking of the retail investor here bigger picture. What is your take on the meme trade as it stands now and where it's going to be going for gamestop and for others like for amc, for blackberry, bed, bath and beyond, etc? Are we still going to see this period where these stocks move in a way that is decoupled to a degree from the fundamentals and the results that we have in this moment? I think there's a very legitimate argument for that and to further expand on what i mean. It's very common that when people were talking about fundamental value, they would just use the term value they're like what is the value of this company. And of course, we can get into a deep philosophical debate of what provides value.

But i think, with the rise of retail traders, the rise of the retail trading like revolution that we're seeing right now and it's been going over for the past year - we're seeing that value is not only fundamental value which you might or might think it's overvalued undervalued. But clearly, there's now a value to community and stocks, like you just listed, have an immense community support, which i think we've seen it in the charts and these impressive gains that has to be adding at some quantifiable level to the overall value. So i think that's a big thing that typical fundamental breakdown is kind of missing out on is when you have this massive community support. Clearly, it can add a couple percentage point gains in a very crazy fashion, and we appreciate your insight this morning - youtube host, matt coors.

Thank you again. So much for your time.