We’re not even through the first month of 2025, and the store closings keep coming. Starting the new year, more than 100 locations are planning on shutting down, including two here in the Pacific Northwest.
Business Media Experts: “It’s Game Over for GameStop”
After springing back to life nearly five years ago, GameStop is again in danger of dissolving.
The company is adding to the more than 200 stores closing in 2024.
Wasn’t GameStop saved a few years ago?
In the summer of 2020, Keith Gill, known by his popular YouTube Channel as Roaring Kitty, caught wind of Wall Street insiders that placed in billions of dollars of short money, predicting the end of video game merchant GameStop.
Roaring Kitty devised a grassroots plan to save the company and shake up Wall Street.
Keith Gill’s endorsement of GameStop took the gaming merchant on a three-year run. The surge of investments throughout the next year saved GameStop and caused hardship to online companies with deep investments in shorting GameStop’s (GME) stock.
Who were the leading players behind the shorting of GameStop?
Citron Capital put billions of dollars into shorting Gamestop…