Episode 67: GameStonk… Well that escalated quickly (News Show)

It’s been one week since Reddit memefied GameStop’s stock. We break down what’s happened, how Wall Street is closing ranks, and why it all could hurt retirement investors. We also discuss Activision’s anti-diversity moves, EA’s new Skate studio, Epic Games Store’s big 2020, Microsoft and Capcom earnings, and more. TIME STAMPS [00:01:56] - Konami restructures (but isn’t getting out of video games) [00:05:38] - EA opens Full Circle to make the next Skate game [00:06:47] - Harassment at Scavengers Studio [00:19:57] - Activision pushes back against call for diversity [00:27:46] - Tencent invests in Dontnod [00:30:47] - Epic Games Store’s big year of growth [00:37:35] - Quick Hits [00:53:00] - Koei Tecmo financials or “Why Musou is Awesome, Manda” [00:54:48] - Microsoft / Xbox Earnings [00:58:12] - Capcom earnings and why Palamutes are best boys (and girls) [01:06:54] - GameStonk SOURCES Announcement of Executive Appointments, Official Personnel Changes, and Organizational Restructuring (Konami): https://www.konami.com/games/corporate/en/news/release/20210115/ Electronic Arts creates Full Circle studio in Vancouver to make #Skate4 (GamesBeat): https://venturebeat.com/2021/01/27/skate4/ Scavengers Studio creative director accused of belittling, screaming at, groping employees (GamesIndustry.biz): https://www.gamesindustry.biz/articles/2021-01-25-scavengers-studio-creative-director-accused-of-belittling-screaming-at-groping-employees  Scavengers Studio Official Statement (January 27, 2021): https://www.scavengers.ca/general/official-statement/  Activision Is Resisting Diversity Hiring Push by America's Unions (Vice): https://www.vice.com/en/article/n7vkb8/activision-is-resisting-diversity-hiring-push-by-americas-unions DONTNOD ANNOUNCES A BUSINESS COOPERATION AGREEMENT WITH TENCENT... : https://www.actusnews.com/en/DONTNOD-ENTERTAINMENT/pr/2021/01/27/dontnod-announces-a-business-cooperation-agreement-with-tencent-and-the-simultaneous-launch-of-approximately-eur-40-million Epic Games Store 2020 Year in Review: https://www.epicgames.com/store/en-US/news/epic-games-store-2020-year-in-review Koei Tecmo Financial Highlights for 3rd Quarter FY ending March 2021: https://www.koeitecmo.co.jp/e/ir/docs/ir1_20210125_e.pdf Microsoft Earnings Release FY21 Q2: https://www.microsoft.com/en-us/Investor/earnings/FY-2021-Q2/press-release-webcast Capcom Q3 FY Ending March 31, 2021: https://www.capcom.co.jp/ir/english/data/pdf/explanation/2020/3rd/explanation_2020_3rd_02.pdf GameStop’s wild stock surge won’t stop it from being the next Blockbuster (Fast Company - Interview with Mike): https://www.fastcompany.com/90598238/gamestop-stock-surge-blockbuster?fbclid=IwAR228BLonAOffGVVftuXFhLBtPNDSp8dn5L1eAs3o_ZX_R8OBG5YeA8T2UQ Engadget Podcast: How Reddit day traders blew up GameStop's stock (Guest Starring Mike): https://www.engadget.com/engadget-reddit-gamestop-stock-wallstreetbets-043010277.html