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GameStop Stock Soars on Rumors of Bitcoin and Crypto Investments
GameStop shares jumped as much as 20% in after-hours trading following reports that the video game retailer and meme stock icon is exploring investments in Bitcoin and other cryptocurrencies. The rally, which later settled at a...
GameStop CEO Ryan Cohen has agreed to a settlement involving a nearly $1 million penalty imposed by the U.S. Federal Trade Commission (FTC). This action arises from Cohen's failure to report his acquisition of over $100 million in Wells Fargo voting shares, a requirement under federal securities...
GameStop announced a significant revenue drop for its second quarter, reporting $798.3 million compared to $1.16 billion a year earlier. This sharp decline reflects the ongoing transition of consumer preferences from physical video game sales to digital downloads, game streaming, and e-commerce...
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