Sources: GameStop CEO and activist investor Ryan Cohen has grown his Alibaba stake to ~7M shares, worth ~$1B, in recent months, showing his bullishness on China
Wall Street Journal :
GameStop raised ~$2.14B from a share sale program capitalizing on a stock rally fueled by Keith Gill's YouTube return, selling 75M shares for ~$28.49 on average
- Company has raised more than $3 billion over the past month — Stock staged a mid-afternoon rally on Tuesday as volume rose
How GameStop chairman Ryan Cohen abandoned his e-commerce push for the company to refocus on its ~4,400 stores, leading to GameStop's first profit in two years
GameStop has decided to hit the brakes on its eCommerce push to refocus on its 4,400 brick-and-mortar locations. … Tweets: Glenn Gabe / @glenngabe : It's quite the comeback story, and it's a 180 from ...
Meme-stock mania companies, including GameStop and AMC Entertainment, have raised $4.7B since the hype began in January 2021, but failed to boost performance
Financial Times : Tweets: @edgecliffe Tweets: @edgecliffe : “Some bubbles do not really translate themselves into the real economy, but some bubbles do.” @JennHughes13 and I crunch the numbers on how...
GameStop partners with FTX on “e-commerce and online marketing initiatives” in the US and reports a $108.7M net loss in Q2, up from $61.6M YoY; stock jumps 10%+
Melissa Repko / CNBC :
GameStop launches its NFT marketplace in beta, letting users connect digital asset wallets, including the recently debuted GameStop Wallet, to buy and sell NFTs
GameStop plans to launch an NFT marketplace in 2022, built on the Ethereum-based Immutable X platform, and is creating an “up to $100M” fund for game developers
GameStop plans to launch an NFT marketplace in 2022, built on the Ethereum-based Immutable X platform, and is creating an “up to $100M” fund for game developers
It hopes a $100 million fund will make developers use it — GameStop plans to launch its own marketplace for non-fungible tokens …
GameStop says revenue rose 25% to $1.28B and net loss narrowed to $66.8M in Q1, as it tries to stage a turnaround partially fueled by a Redditor-led stock rally
Melissa Repko / CNBC : Tweets: @gamestopcorp Tweets: @gamestopcorp : @GameStop welcomes Matt Furlong as CEO and Mike Recupero as CFO. https://news.gamestop.com/... https://twitter.com/...
GameStop shares closed up nearly 104% on Wednesday, halting twice for volatility; GameStop said on Tuesday its CFO will resign
Maggie Fitzgerald / CNBC :