gamestop
GameStop, the renowned American video game, consumer electronics, and gaming merchandise retailer, is once again stealing the limelight, causing quite a stir in the financial world. The company, often likened to the Blockbuster business model of the 90s, has witnessed its stock price skyrocket by a staggering 200% in a mere two days. This remarkable resurgence is largely credited to the power of social media, specifically the Reddit community, and the involvement of high-profile investors like Dave Portnoy. Despite some critics labeling GameStop’s business model as outdated, the company’s rece...
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Videogame trading empire GameStop has reached the financial year-end with a disappointing shortfall in expectations. The closing bell was not generous to the household name known throughout the United States and would signal a shortfall of $432 million in net sales compared to the previous year of trading. GameStop has a slump in salesThe nearly half-million drop in net sales compared to the previous year of trading (Net sales were $1.794 billion for the fourth quarter, compared to $2.226 billion in the prior year’s fourth quarter) wasn’t the only unflattering result of this financial year for...
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