Most are, you know that and I know that. Look at FF*IE, on the verge of going belly up, but yet managed to run from 3 cents to almost a dollar in two days.
Tate just wants to burn wallstreet, and I do doubt he diamond hands the pump. It may be a total joke for all we know.
The fact is gamestop is a company in decline. Games are becoming wither more subscription based or digital downloads or streaming. Eventually best buy, amazon, etc will eat up what little market share gamestop has.
Will this turd company still exist in 5-10 years? I doubt it without some mass dilution to raise cash to change the business model.
Of course this is being manipulated. Time will tell if the SEC does anything about it. This run was heavily pre-loaded, as pointed out by a number of expert traders. And, roaring Kitty may have likely been behind much of the pre-loading.