gamestop

  1. Hanno Labuschagne

    GameStop wants to buy eBay — Wall Street Journal

    GameStop wants to buy eBay — Wall Street Journal eBay's share price jumped more than 15% in after-hours trading on Friday after the Wall Street Journal reported that video-game retailer GameStop is preparing a bid for the company. GameStop, led by e-commerce entrepreneur Ryan Cohen, has been...
  2. Hanno Labuschagne

    Traders betting that GameStop share price will surge 50% in about a week

    Traders betting that GameStop share price will surge 50% in about a week Options in GameStop Corp. are seeing wild volume as traders bet that the stock will rally 50% in little over a week. An 8 December $20 call option changed hands 17,500 times by midday in New York. [Bloomberg]
  3. Hanno Labuschagne

    Billionaire Ryan Cohen appointed GameStop CEO

    Billionaire Ryan Cohen appointed GameStop CEO GameStop Corp. appointed billionaire Ryan Cohen as chief executive officer, filling a post that’s been empty since the company fired its previous CEO in June. Cohen, who was already executive chairman and the company’s largest investor, will start...
  4. Hanno Labuschagne

    GameStop share price hammered after CEO gets fired

    GameStop share price hammered after CEO gets fired GameStop Corp., the struggling video-game retailer, fired Matt Furlong, its chief executive officer for the past two years, and said chairman Ryan Cohen will take on a new executive role. The shares plunged more than 20%. [Bloomberg]
  5. Hanno Labuschagne

    GameStop posts first profit in two years

    GameStop posts first profit in two years GameStop Corp. reported a surprise profit in the fourth quarter and beat analysts' estimates for revenue, sending the shares soaring as much as 39% in extended trading. Net income was $48.2 million, the first profit in two years, and compared with a...
  6. Hanno Labuschagne

    GameStop short squeeze driver behind WallStreetBets sues Reddit over ban

    GameStop short squeeze driver behind WallStreetBets sues Reddit over ban The founder of WallStreetBets, the Reddit chat forum that fueled the 2021 meme stock frenzy, sued the social media platform for ousting him from the online community. Jaime Rogozinski claims that after he applied for a...
  7. Hanno Labuschagne

    GameStop launches NFT marketplace

    GameStop launches NFT marketplace Retailer GameStop Corp. launched its long-awaited marketplace for nonfungible tokens Monday just as sales of such digital artworks dry up amid the crypto industry crash. The marketplace is part of a push by GameStop Chairman Ryan Cohen to expand its array of...
  8. Hanno Labuschagne

    GameStop planning to launch its own NFT marketplace

    GameStop planning to launch its own NFT marketplace GameStop Corp. reported a surprise loss during the holiday quarter and said it would launch a marketplace for nonfungible tokens by the end of the second quarter of fiscal 2022. The company reported an adjusted loss of $1.86 a share, while...
  9. Jan

    Support.com surges in GameStop-like short squeeze

    The next GameStop — Support.com surges in short squeeze The social-media mob scored another direct hit, this time with a little-known software company that Wall Street started betting against. Support.com Inc. shares skyrocketed on Friday, adding to this week’s triple-digit rally as day...
  10. Hanno Labuschagne

    Reddit boosts GameStop stocks again

    Reddit boosts GameStop stocks again GameStop Corp. erased earlier losses to rise to the highest level since Feb. 1 as a wave of Reddit users appeared to rush back into its shares. Shares of the video-game retailer quickly accelerated starting around 2:25 p.m. in New York amid a renewed rush of...
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