I wasn't following any of this until a few days ago. Are there any fundamentals here, did GameStop ever pivot from their CD exchanging/rental business somehow? I have a hard time imagining how they could without trying to compete with Steam and EA's platform.

The ideal situation for them here is that they hold enough of their own stock to sell some now and try to pivot with all the funding.

As far as people looking to speculate - you probably genuinely are too late, despite me being a supporter of riding bubbles like this, since obviously it works, sometimes.