What happened to GameStop, the company that made Wall Street tremble? Economy and Business
Not only does it use them as a base for packaging and collecting internet sales, but it has diversified its products to sell televisions, Nerf-branded toy guns, video game player’s chairs and other accessories and collectibles. The company has made a foray into the world of cryptocurrencies and the sale of non-fungible tokens (NFTs), but […]
GameStop timeline: A closer look at the saga that upended Wall Street
Since some hedge funds had borrowed and sold millions of GameStop’s shares, they were facing huge losses and had to buy the shares back to stop those losses rising further. Buying the shares back created additional demand, pushing the price up even higher. Critics used to dismiss the moonshots for GameStop and others as a […]
