• ParlimentOfDoom@piefed.zip
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    24 hours ago

    Somehow GameStop stock is up 6% for the week, despite this announcement basically dropping the floor out from under their entire business model.

    • samus12345@sh.itjust.works
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      12 hours ago

      Game sales are just a fraction of Gamestop’s revenue now. The vast majority is collectibles and hardware sales.

    • Encrypt-Keeper@lemmy.world
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      21 hours ago

      They pivoted to merch stores awhile back. I’m pretty sure the selling games thing is just a side business

    • rafoix@lemmy.zip
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      23 hours ago

      Stocks are either investments or a daily high for degenerate gamblers. GameStop is the second.