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GameStop Corporation (NYSE: GME) put on sale Tuesday the latest consoles from Sony Corporation (NYSE: SNE) and Microsoft Corporation (NASDAQ: MSFT) but soon exhausted the “very limited” stock.
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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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