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February 19, 2024 62 mins
Episode 171 of our week-daily virtual coffee, which takes place in Konktown’s discord server and Clubhouse’s Startup Club from 8-9am EST. It's free and open to anyone from anywhere in the world. On Marketing Monday, we discussed Gamestop 2.0 or rather the $GME Meme Coin’s introduction and volatile journey so far. Will this finally be “an idea whose time has come” to quote Victor Hugo or a strikeout for community and a third victory for the Dr Evil of our time, Citadel’s Ken Griffin  Some of the key highlights from today's show related to $GME/Gamestop included: A discussion of the original Gamestop stock surge and the controversy around Robinhood restricting trading My perspectives on the potential for the $GME coin to succeed due to factors like community support, meme culture, and media attention from being a "Gamestop 2.0” The risks the $GME coin faces from a lack of fundamentals, high volatility in the crypto market, and regulatory uncertainty My view that the positives for the $GME coin can be built upon while the negatives may be mitigated or dealt with Show notes based on our discussion (as per Otter.ai's beta tool):   Business, entrepreneurship, and collaboration in a virtual coffee shop. (0:04) Virtual coffee experience and content creation. (1:44) Gamestop saga, market manipulation, and NFTs. (5:58) Stock market and history of Constitution auction. (11:29) Wealth distribution and employee pay in a capitalist society. (16:48) Tokenization, loyalty, and meme coins. (21:51) GME meme coin's potential for success and failure. (25:55) Meme coin GME's potential for success. (32:14) The potential success and failure of a meme cryptocurrency. (36:40) Crypto volatility, fundamentals, and regulatory risks. (42:56) GME coin's potential success factors and challenges. (47:51) GME meme coin's potential and risks. (53:37) Learn more about your ad choices. Visit megaphone.fm/adchoices
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