GameStop's stupefying stock rise doesn't hide its reality

GameStop's stupefying stock rise doesn't hide its reality

3 years ago
Anonymous $K6XgmDN5_o

https://apnews.com/92a98aa87d88753a1aa52a72b49321c6

NEW YORK (AP) — Behind GameStop's stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming.

GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and small investors trying to prop it up. That has caused GameStop's share price to soar despite the shaky financials underneath.

GameStop's stupefying stock rise doesn't hide its reality

Feb 3, 2021, 6:21am UTC
https://apnews.com/92a98aa87d88753a1aa52a72b49321c6 > NEW YORK (AP) — Behind GameStop's stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. > GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and small investors trying to prop it up. That has caused GameStop's share price to soar despite the shaky financials underneath.