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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 GameStop short squeeze, starting in January 2021, was a short squeeze occurring on shares of GameStop, [18] [19] primarily triggered by the Reddit forum WallStreetBets. [20] [21] This squeeze led to the share price reaching an all-time intraday high of US$483 on January 28, 2021 on the NYSE.
GameStop's Australian subsidiary EB Games Australia was the only arm of the global GameStop business not to report huge COVID-related losses, with sales instead soaring by 30 per cent. In Australia COVID-19 lockdowns were managed by the Australian Federal Government National Cabinet which largely permitted retail stores to remain open with ...
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 ...
July 1, 2024 at 6:21 PM. By Jonathan Stempel. NEW YORK (Reuters) -Investors in GameStop have for now withdrawn their lawsuit accusing Keith Gill, who is known as "Roaring Kitty" and helped spur ...
Here’s a guide to understanding what's going on with GameStop, and what the frenzy means for the stock market.
May 14, 2024 at 3:59 PM. GameStop stock (GME) rose nearly 60% on Tuesday, adding to a meme-fueled rally that sent shares of the video game retailer up 74% in the prior session. The rise in ...
Keith Patrick Gill[ 1 ] (born 8 June 1986) is an American financial marketer and educator [ 2 ] and individual investor known for his posts on the subreddits r/wallstreetbets and r/SuperStonk. [ 3 ][ 4 ] His analyses of GameStop stock (NYSE: GME) and details of his resulting investment gains—posted on Reddit under the username ...