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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.
As the story goes, a group of fiercely loyal ragtag investors on Reddit managed to band together to put a squeeze on Wall Street traders who bet that the video game retailer GameStop would fail.
GameStop stock fell as much as 15% during the struggling video game retailer's annual shareholder meeting on Monday as the company gave few details on its strategy going forward.Chairman and CEO ...
GameStop stock tanked more than 18% Wednesday as a rally among meme names showed signs of fading.Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained ...
GameStop's first quarter came in worse than Wall Street had hoped, with revenue of $1.24 billion coming in short of analysts expectations for $1.34 billion. Shares of GameStop fell nearly 20% at ...
The creative team behind Sony’s David-and-Goliath comedy “Dumb Money” drew parallels between the battle between Reddit investors and Wall Street tycoons over the GameStop stock and the ...
GameStop is cashing in after a meme stock boom sent shares flying as high as 350% this month—and it’s leaving investors holding the bag, just as the company reported disappointing quarterly ...
Gill, credited with igniting the meme stock rally back in 2021, is also known as "Roaring Kitty" on X and YouTube. Monday's surge came after GameStop rallied 180% over a span of two days back in ...