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Even Ryan Cohen Has Given Up on GameStop (GME) Stock

GME stock owners, beware! Ryan Cohen is giving up on GameStop and that means the retailer is on the path of managed decline.

GameStop is doomed, water is wet, and other observations | This Week in Business

GameStop is doomed, water is wet, and other observations | This Week in Business
gamesindustry.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gamesindustry.biz Daily Mail and Mail on Sunday newspapers.

GME Stock: What You Need to Know About the New GameStop

GME stock surged last week after the retailer reported its first profit in two years. Its path forward may be less exciting.

Redditors, Ryan Cohen Needs Your Help to Send GME Stock Back to $500

In 2015, the Financial Times joked that RadioShack, an ailing brick-and-mortar electronics chain, should consider selling fruit baskets or turning its stores into Zumba studios to survive. The retailer had ignored the threat of e-commerce for so long that few believed it could survive. Two years later, RadioShack was virtually no more. Source: TY Lim / Shutterstock.com Today, GameStop (NYSE:GME) stock sits at a similar juncture. Since the early 2010s, GME’s top brass had treated the retailer like drunks at an open bar — doling out a princely dividend to shareholders (and stock options to themselves) while cutting reinvestment into aging stores. But then something happened: A group of retail investors, driven by Reddit’s hedge-fund-hatin’ r/WallStreetBets decided to take GME stock from $10 to $480 in a matter of weeks. The people still love GameStop!InvestorPlace - Stock Market News, Stock Advice & Trading Tips This love for GameStop and disdain for Wall

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