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Letters to the Editor from an economics major on the Gamestop frenzy
Power to the players, power to the people
LTE generic
For the past week, my friends have been asking me one question, over and over:
“What is
going on with GameStop?”
The first part of our story begins with the company itself. GameStop Corporation, as many of you know, is a gaming merchandise retailer founded in 1984 with over 5,000 stores nationwide. Since the rise of Amazon and e-commerce, GameStop, like many other brick-and-mortar stores, has suffered immensely, with revenue falling by almost 22% from 2019 to 2020. They have tried to transition to online sales but attempts so far have been unsuccessful. GameStop’s long-term outlook by analysts had been grim. Enter the hero of our story: Mr. Ryan Cohen. ....

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