CEO of TCGPLAYER QUITS.
ฝัง
- เผยแพร่เมื่อ 3 ต.ค. 2024
- This is the Largest UNAPPROVED / UNSPONSORED / UNCONTROLLED Magic The Gathering Channel in the world filled with Greed Monsters, Evil Investors, and ....3.696969% Women
PATREON : / alphainvestments
Twitter @MTG_AlphaInvest
SHIRTS: www.ebay.com/s...
~FAN MAIL~
Rudy's Magic Store
10950-60 San Jose Blvd.
139
Jacksonville, FL 32223
Selling TCG was a smart move. He can use that money to make every day a taco Tuesday for the rest of his life.
Scott Shafer!
@@amberhernandez Amber!
He really is playing 5d chess. Tacos everyday is genius
It was definitely a good time for him to leave.
QUITS - WITH MILLIONS OF DOLLARS IN HIS BANK ACCOUNT
So....a couple of bucks in 5 years ago money?
So long and thanks for all your money.
Yeah too bad the FDIC only insures 250k.
@@jordanaraujo2579it's called multiple accounts......
@@ruinner Or Govt bonds, and a bunch of other assets. Nice problem to have re: how to safely store away millions and millions of dollars
If I was CEO of a company, and the least innovative company on the planet bought it, I'd plan my exit and do it pretty quickly too.
How long has ebay been around? Yeah thought so 🤦🏻♂️
@@MrToco23 They have had a monopoly in the USA market for decades now. A chimpanzee and a kangaroo could run ebay and make money and have it still be there in ten years.
Followed quickly by a union? Yeah, Id be gone, too.
I'm an electrician. Unions are essential for the labor class. Even today in 2023 ive been reprimanded, spoken to by the supervisor (intimidated), and written up for taking a couple sick days off with a doctors note. And thats while im in the union. Ive worked non union too. In both union and nonunion ive seen guys get fired for coming in a few minutes late, for getting hurt (famous quote in the trades: "if you get hurt, you are fired before you hit the ground") Basically, the labor class is extremely cutthroat in most cities and unions are necessary for providing a semblance of power for the workers. Also pay and benefits are better while still outbidding nonunion shops for big projects (otherwise we wouldnt be in business, people outside this field pretend unions are bad, we have to compete with nonunion shops. Usually by being cheaper/safer/faster/efficient)
Yeah, I think the general public discourse around unions having been so dominated by one side has lead to people having no understanding of how just cause standards actually work. It's not impossible to fire someone, it just forces the company to have open standards, documentation of misconduct, and an escalating process applied evenly to every employee. It's analogous to the right to due process to prevent the govt from arresting people for no reason.
@@Aeyamar yes exactly you get fired for getting hurt on the job. You get treated like dirt. Ive seen fellow union apprentices get kicked and shoved by their foremen and noone says anything. The union provides us basic health insurance, education, and retirement benefits. It isnt this all powerful tool that produces lazy workers, there are lazy workers in EVERY field.
As a steel workers union member I can say unions can protect workers but often become bloated, power hungry and myopic...
From what I've seen from studying labor econ, it happens when unions grow past the regional level into the national. (At least in the US) The administrative costs of representing members across a country as big and economically diverse as ours balloon really fast, and top leadership is too far removed from the average member to be properly held accountable. Unions need to big enough to throw their weight around in negotiation, but not so large that they become an interest group unto themselves, separate from the workers they represent.
I wouldn't say the administrative costs balloon because of the size necessitating it but rather the size empowering corrupt individuals to balloon the administration.
@@StealthNinja4577 Bit of both, probably.
Unions are ironically corporations seeking rent and monopolizing a commodity - they destroy industry productivity, limit employment, drive costs up onto consumers, end up doing the opposite of what they say they want i.e wealth growth and protection. Paying union dues is like paying the mafia for their "protection" and thinking you're in their club. It's hard for people to hear or accept these things because of how they've been lied to
Unions are good and bad. The reason we have child labor laws* and the 40 hour work week is all thanks to unions. Unions that form a very much so a positive against corporate down pressures and firing. Plus they tend to foster comradeary between workers. Pisses management the fuck off, and that's always funny too me.
The average person, especially some of Rudy Patreon members don't really know how business works. After M&A, leadership very often exits... not just at TCG Player. It doesn't matter if there is drama or not, leaders of companies like to be leaders of companies. When that is not an option, they leave for other opportunities.
My company was part of a very large acquisition ($13B+) 3 years ago, I moved over to the larger company since and only 2 executives remain at my former company. The CEO and CFO were the 1st to go at around the 1 year mark - likely an agreement that kept them that long.
100% possible that there are other reasons the CEO of TCG Player is leaving, but when we don't have any actual information otherwise, it is always wise to assume based on the odds/math, not conspiracy theories.
Most people have no clue about finance in general. The higher end of average can understand cash in cash out and balance their spending. Thats ABOVE average... imo
I think 33% of this thread are dumbasses who can't tell a dollar from a pack of skittles
YOUR company? As in the company you own, or the company you work for?
@@StoicDivinity lol, naw man. Just 1 of ~3,500 employees, but the jump in stock price helped out my RSUs and ESPP shares. Even a lowly employee like me understands people leave after a merger/acquisition. So just funny that Rudy gets Patreon freak out messages a bout this stuff.
what you believe doesnt matter nor do oyu have proof of what someone doesnt know about business you clown
People really only understand "their" money. Whenever the discussion moves to someone else's money, greed is the go to assumption. We all like to pretend we are the only ones with family and bills.
Yes but some people live within their means and some don't. If you have 1.5 million in assets but are struggling then you're not rich and you're living outside your means.
try again clown
Mindblowing statement from Rudy in this video: he's in it to make money!🤯
Rudy used to be a monk so he should be above such shallow impulses.
I knew there was something off about this guy
That bastard!
I wish my old bosses from the hobby shop that I use to work at listened to me. We would still be open.
The breaking decision was them choosing not to get into Pokémon when it first came out. Store closed 6 months later.
Good call.
It seems that he got out while the getting was good, probably got a golden parachute deal to step down so that EBay executives would be running it
I love how Rudy undersells his knowledghe on unions while clearly shitting on them in very simple terms lol. That was slick but pretty transparent.
Chedy has done a lot of good for the local community and owns other businesses as well. I hope he has more time for his friends now, he put everything he had for years into TCGplayer. Always has that extra counterspell even when you think he's out.
Agreed!
Who's local community? Tcgplayer's costs and always siding with buyer, as well as allowing market floods and drops, presells and other such things have all but ruined most lgs and their community. So no idea what you mean about him doing "good".
@@lkfjlfadad797 I used to live/work in syracuse he's not only just a really personable guy and fun person to talk games with, but, he was always very generous and a patron and supporter of so many businesses. The last couple years tcgplayer has fundamentally changed but Chedy has always been really cool
@@lkfjlfadad797 I hope one day you get your taco Tuesday too.
@@TheAsarath tcg is over priced trash
Rudy just made a 20 minute video on 1 minute of content. Reminds me of my highschool days trying to meet wordcount
It's like Disney buying Marvel or Google buying TH-cam.
Ebay decided to buy TCGPlayer! The guy should be proud :)
Why in the world would he stay? Life = Love, Family, Health and Time.
Everyday something new goes down these days. This is going to be a crazy year.
Why I love Rudy content: no hype beast nonsense, no fake persona, just a calm, normal voice speaking rationally in a turbulent time of the world
Kap
Look at what Peter Addison did with selling WOTC to Hasbro. If someone makes me an offer ensuring my grandchildren never have to worry about money, I’m going to take it.
A labor union is a group of two or more employees who join together to advance common interests such as wages, benefits, schedules, and other employment terms and conditions.
3:00 that's the idealized version of labor unions. Never works out that way.
Hey Rudy, I just watched the shop opening vids, which you made a few years back. You mentioned there, you would open an own shop(ping centre) - whats the status on that? Keep the taco flappy! Thnx
I was a member at a Union at UPs. They take a fee every paycheck. The Union promise a whole lot and you get very little in return NOT worth join a union. GOD forbid you don't pay their fees. I just wanted to let you everyone know.
I cannot understand how someone can love a card game which causes them to hate other game
You haven't seen the Yugi players of old shitting on MTG.
Adventure time is such a solid I.P. try find a copy of the first comic... They're hard to find
There is a fee for unions. The good thing about unionizing is it CAN foster better work environments and better benefits offered from the employer. The problem is TCG would have to make drastic changes to keep compliant with the union agreement. This would create jobs and make TCG have to invest money into this. For me, in a state where they can fire you for no reason, it is job security. But it doesnt protect shitty employees or those who arent doing their job. With company buyouts, theres always changes in leadership. Nothing to see here. I hope the workers get better benefits and better work environment
I LOVE the project Diva set I am a Miku Fangirl (but I also wish the Star Wars set didn’t have to fight Disney for an English release)
I think it's time for a " 80s wall street pink visor" financial seminar👍👍
I really appreciated him teaching financial literacy that should be taught from an early age.
Most acquisitions are for the portfolio and customer contacts. They tend to purge the staff of the former company that was consumed.
I've never been a fan of unions. I've been in carpentry unions and janitorial unions. They, screwed me over on union dues, offered no job protection, and wouldn't fire worthless tenure management
the thing with a union is not just one person can hire and fire anybody if they have a problem with them. they will have to go infront of a board before they can be hired or fired
I don't know what it's like to have millions of dollars, but I can always relate to being completely tired of all this bullshht.
Y’all don’t understand just how big a piece of pie Rudy has of the English Weiss market.
It’s pretty crazy.
no
@@lordhallibel3604 Care to elaborate?
Dude said F it, y'all wanna unionize. I made my bread and I'm not gonna deal with that headache.
I never liked TCG player. Every time I’m trynna buy used Pokémon cards at some sale and they pull out TCG player trynna show me how much the cards cost Id just feel defeated.
It is weird to me... as a returning player... that ALL the stores use TCG... when if I'm shopping for myself I can ALWAYS find a better deal.
@@MaleusMaleficarum exactly
Remember when Derium's ccg was one of the fastest growing mtg channels then they quit mtg and went hardcore pokemon? It's almost like they knew where wotc was headed...
Lol no I don’t but I love Pokémon I’ll check him out I think I’m actually subbed but rarely watch now that I think about it .
I remember working with and writing for Chedy when he was just starting TCGPlayer - very nice guy. He's doing nothing different than a lot of people I know who start businesses - get it big enough to be bought out and retire. So glad to hear that he's reached such a pinnacle!
Saying there's no tinfoil hat conspiracies is EXACTLY what the lizard people would tell us.
Good for the guy! Wish him the best!
Thanks Rudy alwais for take us to the path of reason and common sense everyday
More like fired - clearly a “hey you can quit and write a nice email to everyone or we can give you the axe”
I don't think it was a bad idea for him to sell. I'm just a little worried about him selling to eBay that has a lot of price gouging on cards. But who knows maybe eBay will run the the site well, (run it the same as it's already running or better) only time will tell.
The onepiece tcg tournament at the lgs was bigger than any macig tournament in the last months...
Why are people surprised? Usually when one company buys another, that’s what happens.
There are Union Dues for unions. However, at the end of the year. You can write a letter to the Union requesting back any unused dues. You have to request your refund to get it though.
Regardless of who bought who, it's becoming a monopoly. People who work at a union job must pay an initiation fee and then they pay monthly union dues. There is a contract where the employer pays employees a certain hourly wage, overtime pay, depending on how many hours you work per week pay your medical benefits, paid vacation, and a pension depending on how many years you worked. You would have job protection. There is more information on this. Unfortunately, even if Cocks and Williams drives the company down the tubes, they will walk away with a Golden Parachute. You are right Rudy. I have been guilty of being negative about Hasbro / Wizards. However, I love playing Commander at the kitchen table. Thanks for the video Rudy.
Redditors just can’t help but seethe that someone, somewhere, is more successful than them.
Gives Rudy ye ol' South Park "rabble rabble rabble rabble "
this is what the people need to hear rudy. too many dont understand...
Like most I would love to have been able to get magic 30. But 250 a pack is way too much and 500-1k is stupidly too much. I've been optimistically waiting for it to crash enough to get in the $100's a pack and I'd buy as many as I could to one day do a vanilla draft or just keep in my collection. But that'll never happen. I've been playing since the dark and have never even held an abu pack in my hand lol. I feel like I've been dedicated enough for WotC to not do me like this.
Screw TCGPlayer, bought a card and the seller canceled shipping without telling me as soon as the card started going up in price, got ahold of TCG and they told me to wait til the arrival date to see if it arrives never does and I'm told to deal with it. Then seller relists it for the new higher price
Yeah they unionized too so he bailed to leave the heavy lifting to the underlings for the negotiations
Unions aren't that bad honestly
@@Grinningfartking6969 of course. Employees deserve protection (to an extent).
Not all unions require that members pay any fees or dues. I believe it's relatively uncommon outside of the largest unions. I'm sure the CEO is happy to get out without having to deal with a union drive, even if he would've been amenable to it. As a business-owner, even if you're nominally pro-union (unlikely), it's still probably a headache. Anyway, unions are good. Also, it's illegal to fire employees for unionizing. Howard Schultz is in front of the Senate trying to not get in a huge amount of trouble over it.
Union Proud! I’d quit working too if I got millions in a deal ✌️
Idk why you’d sell and stick around, particularly in a corporate admin bloated ebay. eBay doesn’t need anything but tcg’s ip and integrate it into itself. Tcg died the day they signed off on golden parachutes for a few.
Nice video mate as always, so….are pokemon booster box still worth buying?
Walmart is treating them like trash
He even gave us a sappy letter on his way to the sunset of bags and bags of money after selling out.
Imagine saying "I do this to make money"
Ie: "im a business"
And you have to be careful because that, could be offensive.
😂🤣
*Rudy's ESG score drops*
The nice thing about the executive class is that you can do something for 20 years then quit if you want. We should probably see about making that doable for other jobs too. Would be pretty cool.
I dont care about the man getting out. Im concerned that history dictates that the company might become a clown fiesta on the next coming months before changing standards upwards or downwards...
I am very concerned about this move.
Wait. No. I've told my knee to quit jerking. I'm fine now.
If you did not take hundreds of millions, even if it was not to touch cardboard again, you won. Goooooo! Enjoy what is the biggest pay off of all time (in MTG).
I agree anyone would leave a job for the right price. I think the success of TCGPlayer has been deliver buy the people that run the show today and having your founder leave probably is upsetting employees and customers. Normally when a new owner comes in I experience restructures, change of strategy and potential pricing impacts.
Why do you show you got stock..............is there the bell line doooonnnnggg...
Fat payday, offload a headache, reduce stress, reduce drama....win, win, win, win. It's not hard math.
Stay the course...until the journey comes to an end.
I hope they will allow new users to get access to the TCG player api. Scryfall and MTG are good api but tcg player will really make keeping track of prices next level for all collectibles
nah
Is this the same guy that decided that the site would no longer sell the "problematic" MtG cards like Crusade? Screw that guy.
Thanks Rudy! You're a good dude
I saw the email and I said good for that guy and went about my day.
He saw what was happening with the Booby Trap NM from Tempest and just couldn't handle it anymore.
The taco bell app is being advertised on this channel. What a time to be alive
Who was laughing about Batman Ninja? It's one of the only WS sets that's pretty much never sold for MSRP. Ok, maybe the very first week, but after that it was $80-90 and sells for ~$200 now.
The entire weiss community. It was and is a literal meme.
@@AlexHodgesYT That proves how shit they are, it's one of the only great sets.
i remember when those batman boxes were so cheap
Yep. Someone was flogging them for £20 a pack a while ago on eBay. They actually sold out after a while. Madness.
If the workers there were being treated well and paid fairly they wouldn't have even thought to create a union.
This applies to every place that unionized, ever.
Corporations only care about profit.
Note that employees are not included in that last statement...
let's face it.. folks go into business TO MAKE MONEY. If dude got paid 295 million from ebay... job well done.
G1 I'm surprised I have to watch state ads just to watch, take your url back
He sold at a big peak. I'd also bail lmao. Specially with all that moneys.
I sold my Ebay stock at the peak. Was I supposed to hold it and loose? Ebay made a mistake and shoulda waited.
Guess they had to much cash and that it was a good way to put it aside.
Essentially yes that’s what unions are. But Unions also provide far better benefits, working conditions (normally, some unions are still corrupt.) and many other benefits. I work for UPS with Teamsters as my union. Unions are 100% necessary in todays work force with labor cuts and work conditions.
For "not caring", you did a pretty thorough 5 minute explanation of M&A and unions and how they're structured, which is probably the most valuable bit of this video
As a union steward, I wouldn't say he explained much thoroughly or very correctly there. Which is not a surprise given it's not a thing he's experienced in, as he clearly says. So take his characterization of that aspect with a liberal amount of salt.
@@Aeyamar Oh I know there's a lot more to it than that, but the quick gloss over seemed reasonable for people who don't have much experience with unions. It's more or less what my understand was prior. My comment was more focused on the M&A side of things
He got paid, now he's getting out. Who cares? His life, his choice.
Welcome to the era of hard work!
O shit ,,, that's an important topic man
I pay 5$ a month for my union. We get guaranteed cost of living raises. For example I work in shipping my company pays 23 to start at our location, or competitor pays 12.95 to start and they get .25 cent raises and only hire part time. So they give their employees 240 dollars more per year. We get a min. 1.25 for cost of living as well as a .50 yearly time with company raise. The other company, who I worked for as well is a revolving door of workers, many more packages get damaged or lost, and the overall offeciency of the company is going to shit.
As for the making money, making money is fine if you're not trying to make so much money that your family if you have them doesn't have to work for generations. In order to make that kind of money you must be taking money from the working class families. Example 10 million at retirement isn't that much and isn't going to set your family for generations. If your kids are smart then you and your children will be set and your grandkids will have a nice setup. Now when you get into these people with 500 million plus, you only get that by being able to afford to legally cheat the tax system and not pay your fair share. The tax laws are set up to allow people at the top to skirt the line of legality where as working people can't afford to find those loopholes.
It's crazy to me that people don't understand how company boards work. They are stepping stones for those people to make more personal money and they don't give a shot about the companies long term. They want to look good whole their there so they can move on to a higher paying company with bigger bonuses. Guaranteed the dude is ready to fucking party and enjoy his life instead of grinding away like a slave forever. To me its more respectable to just say wow I'm made and can quit and not keep trying to make more and more like a bezos or gates.
Don't be surprised if a few years from now they nuke the tcgplayer business because the Union asks for too much. Go read about the original Hostess company.
I just want the ability to set it so that I can charge more for shipping when someone buys 100 commons from me…..
i dont have any control I just own 6 figures worth of hasbro stock and made the biggest sealed deal I have ever made direct with WOTC this month.
hello everybody
You mean to tell me Alpha Investments isn’t a 501c3? This whole time I thought I could write off my monthly Patreon subscription since I was donating $6 haircuts.
Protects the workers??? HA
Rudy appointed new CEO of TCGPlayer, takes over Hasbro.
My boss just quit the same way.
Rudy doesn’t have any connection 11:01 with Hasbro until we’ll see him opening the one ring on the channel 😂
TCG Player has some of the best customer service on the internet. eBay customer service is like 1984. I actually want federal regulation on eBay because of how poor their customer service has been and the fact they are basically a monopoly.
Wow, all the Rudy memes in the first 10 seconds
New shirts?
Are you going to buy the one piece reprint?
Successful and skilled people quit jobs. They know they’re good and are confident in their skills they’re ok leaving and finding new opportunities. Sad most people can’t wrap their head around that.
[cries in Digimon Card Game]
Wow I actually know something Rudy doesn't I'm in a Union and it's freaking awesome. Just had to brag no other reason
Nothings really gonna change. Like crunchyroll taking over funimation. Pricing might change a bit but not much else.
The idea it has something to do with unions is 100% astroturfed into the discourse