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A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
The cost of developing AAA games has steadily climbed in recent years due to several factors. The increasing complexity of game design, the adoption of advanced technologies to create "visually stunning" experiences, and rising player expectations for expansive and cinematic content all contributed to this cost inflation.
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] Prospect Medical Holdings [7] RadioShack [2] Red ...
Until it drew the interest of Redditors on a discussion board called r/WallStreetBets, GameStop was dying a slow death along with brick-and-mortar shopping malls, where the largest video game and ...
More employers announced vaccination requirements for their workers after the Pfizer and BioNTech’s COVID-19 vaccine got full approval. Vaccine mandates: Here are the companies requiring proof ...
GameStop stock tanked in pre-market trading on Thursday after the company announced the firing of CEO Matthew Furlong and reported quarterly revenue that came in lower than expected.
On March 22, Gamestop closed its stores after outcry from employees. [22] Bare shelves due to panic buying at the Giant supermarket in Franklin Farm, Virginia in March 2020 In March, Hobby Lobby left stores open even as many nonessential retailers shut down. The founder reportedly told his employees he had received a message from God that ...
As pandemic restrictions loosen, bankrupt companies get a new lease on life.As the pandemic swept across the globe in 2020, a new sort of crisis began to emerge: bankruptcies.