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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.
Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores, but did not provide details on what it intends to ...
Subsequent to the GameStop short squeeze event, Melvin Capital disclosed that it was the target of at least nine lawsuits relating to its behavior during that period. [35] Allegations included Melvin's participation in a conspiracy against retail investors, and also that Melvin "made misstatements about their role in the conspiracy to the public."
GameStop is “a totally different company now,” said retail expert and investor Jeff Macke ... Cohen has used the frenzy to bolster GameStop's cash coffers. The company received $2.1 billion ...
Last month, GameStop sold 45 million shares, bringing in about $930 million in proceeds. The announcements came on the heels of the stock's 47% surge in the prior session after "Roaring Kitty ...
They rose nearly 150% since May 13, when an account on X linked to Gill began posting memes that some investors viewed as a sign of him being bullish on the company. Just last month, GameStop said ...
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]
The investor at the center of the pandemic meme stock craze said Friday that he still believes GameStop's management team can turn the struggling video game retailer around. Keith Gill's live ...