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.

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