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GameStop Corp. (NYSE: GME) on Tuesday announced in a press release it has entered into a definitive agreement to acquire Geeknet Inc (NASDAQ: GKNT) for $20 per share. Shares of Geeknet surged over 100 percent on May 26 after Hot Topic, Inc. offered to acquire the company for $17.50 per share.. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
A rally for GameStop stock started by members of the Reddit forum WallStreetBets has exposed how financially illiterate much of our country is. While many experienced investors made thousands from the random volatility, lots of young, inexperienced investors followed the hype and lost big. As investing apps like Robinhood have worked to make markets feel more like a game, who.