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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 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 ...
A GameStop store in a mall. In September 2019, Gill, under the username "u/DeepFuckingValue", posted on the subreddit r/wallstreetbets a screenshot of a trade consisting of a roughly $53,000 long position in GameStop; [8] Gill's Reddit posts and YouTube videos argued (through both fundamental and technical analysis) that the stock was undervalued. [3]
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.
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]
[4] In the United States and Canada, Dumb Money was released alongside A Haunting in Venice and made $229,947 from eight theaters in its opening weekend. [28] Expanding to 616 theaters in its second weekend, the film made $2.4 million, finishing in eighth. [29] In its third weekend the film made $3.3 million from 2,837 theaters, finishing in ...
Ryan Cohen (born 1986) [1] is a Canadian entrepreneur and activist investor. [2] [3] He founded e-commerce company Chewy in 2011, and was the company's chief executive officer (CEO) until 2018. Cohen is the chairman and CEO of GameStop. [4] [5]