Reported 28 days ago
GameStop's shares fell sharply after the company reported a 31% drop in quarterly revenue, raising doubts about its ability to revitalize its business. Despite posting a net profit, the video game retailer's plans to sell up to 20 million shares for funding acquisitions overshadow this positive shift. The company's stock, which had seen significant fluctuations due to the meme stock craze, remains up about 34% year-to-date, but its future remains uncertain following these financial results.
Source: YAHOO