gamestop

GameStop Stock Is Back, Baby!

GameStop (GME) stock surged once again this week, shocking many newbie investors who had all but given up on hitting it big on Wall Street. The price of GME, which opened at $44.70 and closed at $91.71 on Wednesday, more than doubled in a single day. And it shows no sign of slowing down. GME opened at $169.41 on Thursday. Does this mean you should re-download the Robinhood app and buy that sweet, sweet gamestonk ASAP? Should you ride this baby to the moon? No idea. Educate yourself before you do anything! I’m no expert. Why is this happening again…
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Animal Crossing’s Turnip Market Tried to Warn Us About the GameStop Stock Drama

The ongoing GameStop stock situation, which we’re all learning about through a combination of reputable sources and an onslaught of memes, has captured the internet’s attention for reasons ranging from “WTF?” to “LOL.” One of the most common things you’ll hear about the whole situation is that it caught everyone by surprise. Even those closest to this story from the beginning would have a hard time honestly telling you that they ever thought a group of investors on Reddit who trade stocks as often as memes would have been able to predict that GameStop, one of the worst companies in…
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Before GameStop, Wall Street Kid for NES Taught Gamers About the Stock Market

If you haven’t been following the simply incredible story involving the WallStreetBets subreddit using GameStop stocks to beat hedge funds and large investors at their own game (and make a bundle in the process) I highly recommend you start doing so. This bizarre saga isn’t over, and it will likely have repercussions that will be discussed for years to come.  While many of you probably didn’t expect to learn so much about the inner working of the stock market thanks to the suddenly surging stock price of a video game company left for dead, this is hardly the first time…
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GameStop Hedge Fund Stock Market Fiasco Explained by the Internet

You’ve probably heard by now that the poor hedge funds are in trouble. Perhaps you’re even watching YouTube videos titled “Everything You Need to Know About the Stock Market in 5 Minutes” in order to cash in on some GME stock. If so, good luck doing so on the popular Robinhood app, which has halted the ability for amateur investors to buy up those sweet GameStop shares (as well as Nokia, AMC, and Blackberry) in what some are calling an attempt to save beloved hedge funds like Melvin Capital (they were so screwed 24 hours ago). It seems to be…
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GameStop Asks Employees to Dance on TikTok For “Labor Hours” in Peak 2020 Move

We know you could probably use some good news today, which is one of the many reasons it breaks my heart to inform you that GameStop is encouraging employees to dance on TikTok in exchange for something that the company refers to as “labor hours.” In a recap of the recent GameStop virtual conference posted on the GameStop website (as spotted by TheGamer), the company revealed that they are encouraging managers to ask their employees to participate in a TikTok dance contest (sponsored by Incisiv) in which they must come up with the most creative version of a designated dance.…
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GameStop Announces Partnership With Microsoft

Gamestop and Microsoft have announced that they’ve entered into a “multi-year strategic partnership agreement.” “This is an exciting day at GameStop,” says GameStop CEO, George Sherman. “Since joining the company last April, we have been on a mission to evolve our strategy to take advantage of our undisputed leadership position in gaming.” Phil Spencer, Head of Xbox, also weighed in on the deal by noting that “GameStop has been a strong go-to-market partner for our gaming products” and that Microsoft is “excited about continuing and evolving that relationship for the launch of the Xbox Series X|S.” Most of the terms…
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Link Tank: GameStop Projected to Close Up to 450 Stores in 2020

GameStop is on track to closing up to 450 stores in 2020, far more than the company’s earlier projection of closing only 300. “Retail is suffering badly due to the coronavirus pandemic, and it’s forced GameStop to close even more stores than it planned this year. Last year, the games retailer closed 321 stores classed as ‘underperforming’ by CFO James Bell. It followed tumbling hardware and software sales by the company, and that was before anyone had heard the word ‘COVID-19.'” Read more at PCMag. Check out the trailer for the new Dune movie explained by someone who doesn’t know…
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