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Video game retailer GameStop Corporation GME was involved in one of the most famous short squeezes of all time, but the short sellers betting against the stock aren't scaring away investor and CEO Ryan Cohen.
GameStop Chairman and CEO Ryan Cohen says he was ‘fascinated' with how much hatred there was towards investing in the company during a wide-ranging interview on ‘Making Money.' https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.
GameStop chief Ryan Cohen said Tuesday his video game retailer is using crypto as an inflation protection, and not trying to mimic others in becoming a large holder of digital tokens. In late May, GameStop bought 4,710 bitcoins, worth more than half a billion dollars.
GME's Q1 sales slide 16.9% as hardware and software declines highlight its fading physical retail focus.
Since the historic institutional pivot of 2020, Bitcoin has steadily made its way from fringe asset to mainstream corporate treasury tool.
GameStop (GME) reported earnings 30 days ago. What's next for the stock?
GameStop (GME) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
GME's collectibles sales surged 55% in the first quarter, offsetting gaming declines and fueling its shift into lifestyle retail.
By many standards, today's NASDAQ 100 and S&P 500 look a lot like they did during the 2000 internet bubble, when the narrative that stocks involved with new technologies could only go up, sending a clear message that complacency (along with valuations) was sitting at an all-time high. As many know, the 2000 internet bubble didn't end well, wiping out many businesses, and those that survived struggled for several years before reclaiming their previous prices.
GME's sharp cost cuts and efficiency push drive first-quarter profit despite a steep drop in hardware and software sales.