Something I don't understand perhaps someone hear can help me out.
So now that GameStop has all this money, what can they do with it or is it really even theirs? I don't understand how the company is effected by a high or low stock price, other than perhaps the ability to apply for bank loans.
If you go out and buy a new set of tires for $150 apiece and then millions of people start collecting them and they are offering $1,000 for secondhand tires, does Goodyear or Michelin get any of that money?
They could sell new or Treasury stock to get some money.