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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.
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The GameStop short squeeze, starting in January 2021, was a short squeeze occurring on shares of GameStop, [19] [20] primarily triggered by the Reddit forum WallStreetBets. [21] [22] This squeeze led to the share price reaching an all-time intraday high of US$483 on January 28, 2021 on the NYSE.
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 ...
The big shareholder groups in GameStop Corp. ( NYSE:GME ) have power over the company. Generally speaking, as a company...
James Joo-Jin Kim is an American businessman who founded the chipmaker Amkor. [1] Kim immigrated to the United States from South Korea in 1955 and started Amkor Electronics as a law student.
GameStop Corp. Increases Annual Cash Dividend Raises annual cash payout by 10% GRAPEVINE, Texas--(BUSINESS WIRE)-- GameStop Corp. (NYS: GME) , the world's largest multichannel video game retailer ...
This helped GameStop report a net income of $17.4 million in the third quarter, compared with a net loss of $3.1 million a year ago. GameStop reports third-quarter profit on spending cuts Skip to ...
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