GameStop Increases Convertible Bond Offering to $2.25 Billion
Simply put GameStop has increased its latest offering of convertible senior notes from $1.75 billion to $2.25 billion. GameStop shares remained steady on Friday, though they dropped 24% over the past week. Last month, GameStop purchased 4,710 Bitcoin. GameStop announced it has upsized its offering of Convertible Senior Notes from $1.75 billion to $2.25 billion. […]
GameStop shares plummet 15% as pivot to bitcoin alarms investors
GameStop stock fell more than 15% on Thursday after Bitcoin Pivot's funding plan raised questions about the timing of its move and strategies to turn the struggling retail business around. The video game retailer's stock also gave up all profits from a day ago, and was on track for the biggest one-day fall since last […]
GameStop plans to invest in bitcoin, close ‘significant number’ of stores
GameStop said Tuesday that its board unanimously approved the addition of Bitcoin as a Treasury protected asset. GameStop shares rose 7% to $27.23 in after-hours trading. The decision reflects the reaction of Bitcoin's biggest business owner, and in February it dropped the word “micro” from its name and unveiled a new logo to highlight its […]
Billionaire GameStop CEO Ryan Cohen boosts stake in Alibaba to $1B: report
Billionaire investor Ryan Cohen has increased his personal interests with Chinese e-commerce giant Alibaba Group to about $1 billion in recent months. Reported by the Wall Street Journal On Thursday, I quote people who are familiar with the issue. Cohen's position represents approximately 7 million shares, the report said. GameStop CEOs Alibaba and Cohen did […]
GameStop CEO decries 'wokeness and DEI' as company seeks to sell Canadian and French operations
GameStop CEO Ryan Cohen downplayed “Wokeness and Dei” as video game retailer Giant is about to sell its operations in France and Canada. company It was announced in Tuesday's release As part of its “valuation of international assets,” GameStop “will be pursuing a divestment of its operations in France and Canada.” On the same day, […]
GameStop, MicroStrategy shares jump on photo of Ryan Cohen, Michael Saylor
Shares of GameStop and MicroStrategy popped on Monday on speculation that struggling video game retailers could accept Crypto. Famous memes stock boss Ryan Cohen Photos have been posted Over the weekend, along with MicroStrategy CEO Michael Saylor, the company is Bitcoin's biggest corporate holder. GameStop shares rose 7% on Monday, while MicroStrategy shares rose 2%. […]
GameStop boss Ryan Cohen gearing up for PR blitz
Chewy founder Ryan Cohen has gained a cult following in the meme stock community for his efforts to save video game retailer GameStop. GameStop has been a frequent target of short sellers, and its stock price has skyrocketed, contrary to smart money expectations. Try not to go bankrupt. Yet, aside from the occasional insensitive social […]
GameStop Announces Widespread Store Closures
Struggling video game retailer and infamous meme stock GameStop has announced that it intends to close a significant number of its stores across the United States, after closing 300 stores the previous year. “GameStop has virtually no chance of returning to profitability in its core business,” said one analyst. of daily mail report GameStop, the […]
GameStop shares surge after cryptic post from ‘Roaring Kitty’
GameStop stock soared Thursday following a cryptic post from meme stock influencer Keith Gill. Mr. Gill shot to fame with his online persona and bullish bets on video game retailers that sparked a trading frenzy among mother-and-son investors. Gil Posted A photo and computer screen resembling a 2006 Time magazine cover was posted on social […]
GameStop prepares to shutter even more stores after disappointing second quarter
Gamers, look away! Unfortunately, GameStop has announced that it will be closing more of its brick-and-mortar stores next year. Earnings Report. The company said it was struggling to sell hardware in stores around the world as more games were downloaded digitally rather than just ordered online. GameStop announced it will close more brick-and-mortar stores next […]