CEO at GameStop is out; stock tumbles 20%
GameStop fired its CEO, Matt Furlong, and elevated Ryan Cohen to executive chairman, the company announced on Wednesday. Here’s what we know.
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GameStop changes: CFO is fired; staff faces layoffs
Although the firing was disclosed by the company, its plans to cut staff was not. The company did not respond to requests for comment on its job cut plans, which were reported in several media reports that cited a memo to staff sent out by CEO Matt Furlong.
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GameStop reportedly eyes NFT marketplace, shares jump 20%
GameStop shares jumped as much as 20% Friday morning after the Wall Street Journal reported the company is creating a nonfungible token, or NFT, marketplace.
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Meet the BANG stocks: Why Reddit army is backing BlackBerry, AMC, Nokia, GameStop
You’ve probably heard of the FAANG stocks: Facebook, Amazon, Apple, Netflix and Google owner Alphabet. But it’s the BANG stocks of Reddit WallStreetBets meme fame that are now taking the investing world by storm. Here’s why.
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GameStop looks to cash in on Reddit craze with $550M stock sale
GameStop shares have gone ballistic this year, surging more than 800% thanks to love from Reddit fans betting on a turnaround for the video game retailer. Now, GameStop is looking to cash in with a sale of more than $550 million in stock.
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This change could help keep the GameStop fiasco from happening again
Part of what made last month’s GameStop trading frenzy such a mess: Right as the stock was hitting its peak, Robinhood and other brokerages placed restrictions on traders’ ability to buy it (and other surging “meme” stocks like AMC).
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GameStop is up another 67% after doubling yesterday
GameStop shares rallied 67% ahead of the opening bell Thursday, following another blockbuster day for the stock. On Wednesday, the gaming retailer’s stock closed nearly 104% higher. Investors gained interest in the stock once again a few days after the company announced its chief financial officer would resign next...
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‘Roaring Kitty’ goes to Washington – virtually – to talk GameStop stock frenzy
The social media movement that made a beloved icon of GameStop enthusiast Keith Gill continued to rally behind the YouTube personality known as Roaring Kitty as he testified to Congress on Thursday about his role in last month’s stock market frenzy.
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GameStop, cryptocurrency, SPACs are reminders to investors: Balance your portfolio
The mania that drove the recent GameStop stock rally should remind all investors of the need to stay diversified. It’s simply not wise to put all your eggs in one basket, whether what’s in that basket is filled with ultra-safe municipal bonds or high volatility cryptocurrency.
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