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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.
Game Informer (GI) [a] was an American monthly video game magazine featuring articles, news, strategy, and reviews of video games and game consoles.It debuted in August 1991, when the video game retailer FuncoLand started publishing an in-house newsletter.
GameStop's total revenue fell 7.6% to $3.06 billion in the quarter ended February 2, 2018. [ 74 ] Business Insider described GameStop's investment in Spring Mobile as a failure, with estimates that the company spent $1.5 billion on acquisitions on Spring Mobile and store locations, but only gained $700 million from the sale of Spring Mobile to ...
GameStop raised almost $2.14 billion as it capitalized on the recent stock rallies spurred by the online reemergence of influential retail trader Keith Gill.The video game retailer said on Tuesday ...
Overall, GameStop options volume jumped to 1.2 million contracts on Wednesday, 66% higher than the average daily volume for the stock's options over the last month, according to Trade Alert data.
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 hit the jackpot. Roaring Kitty’s favorite meme stock walked off with a record $2.1 billion in gross cash—even adjusted for inflation, exceeding the amount it raised in two separate ...
Impulse was a digital distribution and multiplayer platform. Originally developed by Stardock to succeed Stardock Central, it was purchased by GameStop in March 2011, [2] [3] and was subsequently rebranded as GameStop PC Downloads, with the client being renamed GameStop App. [4]