Bruh, lets be honest its GameStop. That company IS going the way of blockbuster. "pure gambling" is a stretch everyone can read the tea leaves here. Honestly pre-covid when was the last time you went into a GameStop and saw more than two other people.
But it doesn't have to go the way of blockbuster, it appointed 3 new directors to its board with e-commerce and tech experience. It seems to be looking to transition to an e-commerce platform.
Its going bankrupt in the medium term if nothing changes, but that ratio of shorts would only make sense if it was going bankrupt in a quarter or two, where Gamestop actually rallied on revenue with the release of the new console generation.
