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GameStop struggles with declining sales and profits despite cost-cutting and leadership changes. Click here to read an ...
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GameStop stock slides 23% after announcing strategy shift and plans to buy $1.3 billion worth of BitcoinBut despite the wild share-price boost (which was later turned into a movie), the company is confronting a long-term shift ... GameStop isn’t the only company to change its business model ...
Analysts told Cointelegraph the dip reflected concerns over GameStop’s core business model rather than its crypto ambitions. GameStop Follows Strategy’s Bitcoin Blueprint This move puts ...
GameStop shares are trading higher Tuesday continuing a broader upward trend over the past month, during which the stock has ...
"The Evolution of GameStop from an outdated, failing business model to the darling of the meme stock movement to a Bitcoin treasury company will be studied in history books," said one user.
For investors, this signals confidence from those who know the business best. Of course, the fundamentals still raise questions. GameStop trades at high multiples – 55x forward earnings ...
"Investors are not necessarily optimistic on the underlying business," said Bret Kenwell, U.S. investment analyst at eToro. "There are question marks with GameStop's model. If bitcoin is going to ...
GameStop isn’t the only company to change its business model to focus more on crypto investing. Software company Strategy adopted Bitcoin as a reserve asset in 2020, and has seen its stock price ...
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