Beloved by Matt Levine?

It’s been a a few weeks since I read him but do you mean something more than beloved for providing grist for the “look at this absurd thing” mill?

Beloved as in “writes about quite a lot, snorts derisively too, but still it’s stuff like this that gets the readers in, so beloved, yeah maybe.”

If anyone reads anything Matt Levine writes about GME and goes "ooh, I want that", they have conclusively failed at literacy, both media and mathematical.

> Investors to afford a couple of yachts for each board member

Board members generally hold stock and don’t receive large cash payments from the company. The board represents the shareholders so there would be a massive conflict of interest if they made more money from the company in cash than from shares.

The point I was making is that an irrational rise in your stock price is the perfect time to sell stock in order to capture that rise - it’s almost a fiduciary duty. So selling 100 million of inflated stock should give them the opportunity to fund a lot of marketing projects, focus on the underlying business - not to cut costs and hope to survive. Either you believe there is a world for real world shops in a market dominated by Steam or you give the keys to the stores back.