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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.
GameStop removed their minting ability and the listings for the NFTs on their marketplace, although the NFTs themselves remain on the blockchain, the games themselves on Gamestop's servers, and can be sold on other marketplaces. [206] In December 2022, GameStop laid off a large portion of the team working on the NFT platform.
On June 2, 2024, Gill started posting on the r/Superstonk subreddit, showing screenshots of his brokerage account which revealed a long position in excess of $180 million in GameStop Corp., with 5 million shares held and an additional exposure of 12 million shares through call options contracts with a strike price of $20 expiring on June 21, 2024.
GameStop stock tanked more than 18% Wednesday as a rally among meme names showed signs of fading.Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained ...
GameStop stock surged as much as 110% after 'Roaring Kitty,' who was credited with starting the 2021 meme stock frenzy, posted on X for the first time in three years.
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