Investors Panic as Funko Pop Market Crashes!
Nerdtown Gazette-Breaking News!
(Nerdtown-Financial District) Panic is running rampant among Nerdtown “investors” as the value of Funko Pop collectibles has plummeted in recent days. Millions of dollars in imagined future value has been lost after the March 3rd announcement by Funko Inc. that the company would be destroying $30 million worth of excess stock.
The announcement by Funko executives has sent shockwaves through Nerdtown’s economy. For a time, Funko Pops were all the rage among Nerdtown Investors. With their distinct style of large, bouncy heads on smaller bodies, Nerdtown investors were almost instantaneously attracted to them. Given that they were connected with a variety of well-known pop culture franchises from the MCU to Lord of the Rings to Star Wars, these bobble head-like collectibles seemed to appeal to almost every investor in Nerdtown.
While the Funko Pop market had cooled considerably in recent years, most Nerdtown investors held on to their Funkos considering them safe, long-term investments. Now, many in Nerdtown are left wondering if they will retain any value in the future.
“I have a bunch of them in the boxes on top of my bookshelf,” said one Nerdtown investor who spoke on the condition of anonymity, “I might take them down and put some Legos up there.”
Others in the Nerdtown Financial Community have expressed concern that this crash in the Funko market could spill over into other “collectibles” vital to the Nerdtown economy.
“The Funko value was always questionable. There were so many of them, and you can’t really do anything with them,” said H (age 12), a respected Nerdtown venture capitalist. “I am the only one who saves money. They (other Nerdtown investors) just spend their money on stupid stuff.”
While harsh, H’s critique is not unsupported. Considered by many as the Warren Buffet of Nerdtown, H is known to keep cash reserves of forty to fifty dollars on hand. The same cannot be said for other Nerdtown investors, most of whom are highly leveraged in various markets from Pokemon to Magic Cards to comic books.
“If some of the other ‘collectibles’ markets experience a similar crash, we could see widespread panic among all segments of the Nerdtown economy. Most Nerdtown investors have sunk all of their disposable income into these collectibles markets. If those markets lose their value, we are in for a severe economic depression in Nerdtown,” wrote Nerd E. Pug in the Nerdtown Financial Journal.
The outlook in Nerdtown is not all negative, however. Some view this as an opportunity for cleaning out a failing market, and moving forward.
“The worst thing would be for a bailout of the Funko Pop market,” said Dad. “I don't necessarily have anything against them, I even own one myself. But, we just have so much crap in this place. If you could get rid of these, maybe we could also dump some of the old action figures with them.”
Despite having taken a severe loss with the Funko Pops, some in Nerdtown are already looking ahead to their next “investments.”
“I have beaten Resident Evil 4,” said C (age 14). “But, I have never played Resident Evil 2. I hear it is a good game, and the remake is on sale now for $7.99. So, if I can borrow some money, I think I should buy it.”
While Nerdtown investors may still be licking their wounds from this most recent crash, it will take more to kill the reckless, speculative spirit that powers the Nerdtown economy.
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