Future Headlines - GameStop Issues Formal Apology and Explanation to World Economic Forum...(Post from 3 years ago - credit to ape SmugBoxer)

"As many of you now are aware, an economic crisis faces the world's finance institutions driven by various Hedgefund trading behaviors resulting in catastrophic losses across the market. The shining center of this explosion includes our company, Gamestop. And while I can assure you, this is in no way the fault of our staff or our stockholders, it is important that we offer you our perspective in these trying times.

Many of you have come to know Gamestop as an aging brick and mortar videogame retailer. Our real story is much grander. We sold videogames, but more than that-- we sold dreams. We sold fantasies. We sold intense competition and strict rules. We sold worlds, stories, depth, and exploration. We sold memories, connection, love and war. All for the price of a CD--and now digital download.

While some hedgefunds chose to bet against us for the things they could see -- perhaps the pandemic or our past debts; Others, bet on Gamestop -- with their minds, their hearts, their hopes, and their dreams. Gamestop, for all its flaws, managed to connect with a generation of people who enjoy videogames. How fitting it is that they grew up to be our passionate stockholders who want our company to succeed, helping to stave off bankruptcy, debt, and predatory Wallstreet practices.

All CEOs would wish for a group so passionate and prepared. Because, as you are now aware: if you tell our stockholders that you are willing to take infinite risk, they'll believe you. They'll spend hours combining their time and expertise for the benefit of complete strangers. They'll scrutinize every filling, every number, spreadsheet, dataset, google traffic data, every lit window. They'll look at every rule, find every flaw in your system, any way to get an edge.(Shouldn't Wallstreet be proud?) And as every game developer will tell you, they'll have a blast doing it.

For a generation we raised these kids for you. Turning them into incredible strategists, thinkers, and cooperators. Ready to use their skills and knowledge to help a teammate in need. A generation that grew up sharing their knowledge to build each other up--one set of random teammates at a time--is the antithesis to a system that pits each man against one another. The world we live in doesn't often reward their talents, but they chose to reward each other. As the records now show, many chose to forgo selling more than a few shares, so--they also chose to share the wealth they gained--fitting for a generation that spent millions of hours playing within systems that encouraged fairness, rewarded performance, and punished cheaters.

We formally apologize for any inconvenience their passion for those values, and conviction for holding stock, may have caused you. We apologize for giving them the tools they needed to explore every possibility, and accomplish any goal they set their mind to, to think critically, to connect, play fair, get along, and to have fun. And lastly, we apologize that they won all of your money fair and square. Power to the Players."