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According to the lawsuit, the company shared online customers' personally identifiable information to Facebook without ...
GameStop is consolidating its business to cut costs and has adopted collectible merchandise and trading cards to attract traffic. U.S. sales still declined by 12.9% in Q1 2025 from the prior year.
GameStop fell double digits after-hours on June 11 after announcing its $1.75 billion convertible note offering at 0% interest, which could be used to buy Bitcoin.
Speaking with David Bailey of BTC Inc. after GameStop’s acquisition of $500 million in bitcoin, Cohen briefly covered the impact of the company’s push into cards and other collectibles.
GameStop announced on Wednesday that it bought 4,710 bitcoin, which is worth over $500 million at the time of the purchase. The video game retail chain has struggled to stay relevant in a time ...
GameStop stock was down as much as 2% to $34.36 after initially shooting higher in premarket trading after the company announced its bitcoin buy. Bitcoin was trading at $109,035 Wednesday morning ...
In March, GameStop announced that its board of directors had unanimously approved its purchase of bitcoin as a treasury reserve asset. GameStop's stock price jumped 92 cents, or 2.6%, to $35.97 ...
GameStop said in a filing it acquired 4,710 bitcoins, although it did not disclose the period for the purchases. The world's largest cryptocurrency was trading down 0.7% at $108,903 by 7 a.m. ET.
GameStop was founded more than 37 years ago and still has 3,203 locations as of February 1, including 2,325 in the U.S., 203 in Canada, 404 in Australia and 647 in Europe.
GameStop's short sales volume hit 30.85 million shares on March 27 as its stock declined 22% just a day after the firm announced its plan to start purchasing Bitcoin.
Also after the bell on Tuesday, GameStop reported fourth quarter earnings results. The company posted $1.28 billion in net sales for the quarter, marking a 28% decline from the year-earlier period.
GameStop generated $1.28 billion in net sales during the final quarter of its fiscal year, marking a 28.5% decline year-over-year. Its net income, however, grew to $131.1 million.