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[110] [111] GameStop CEO George Sherman owns over 2.3 million shares in the company, according to Bloomberg News. These shares were worth $44 million on December 31, but reached $1.1 billion when GameStop's stock reached $469, briefly making him a billionaire, before the value of his stock dropped to $901 million on January 29. [112] [110]
The platform was sold to GameStop in May 2011. [11] [12] The period between 2004 and now saw the rise of many digital distribution services on PC, such as Amazon Digital Services, Impulse, GameTap, GameStop, Games for Windows – Live, Origin, Battle.net, Direct2Drive, GOG.com, GamersGate and several more.
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[1] [24] It was later changed to a limited theatrical release on September 15, 2023, before expanding to a wide release on September 29, 2023. [25] [26] Dumb Money was released on digital platforms on November 7, followed by a Blu-ray and DVD release on December 12. [27]
The movies love a good David-vs.-Goliath story, which gives “Dumb Money” (named for how hedge guys insultingly tag day traders) a satisfying populist tinge to go along with its Altmanesque ...
“Dumb Money” whisks us back to a time in American history, the year 2020, when Keith Gill, a Reddit and YouTube demi-celebrity, cranked up the poor little GameStop stock to improbable heights.
GameStop acquired the remaining 50.1% of ownership in November 2013. GameStop tried to target areas for potential new Simply Mac locations in smaller markets that did not have an existing Apple Store within a reasonable driving distance. [43] [44] [45] In January 2017, GameStop closed many Simply Mac locations. The chain had as many as 70 ...
Citron was forced to close its short position in GameStop at a loss in 2021, after retail traders ganged up against heavily shorted stocks on online forums to drive rallies, which cost bearish ...