GameStop Shares Plummet: Significance

Don Ma
By Don Ma
June 9, 2023Businessshare

GameStop shares Thursday were down nearly 20 percent at their intra-day high as the stock was set for its worst session in two years. This comes after the surprise exit of the company CEO. Over the last five years, GameStop has had five CEOs and three CFOs.

Gamestop shares have dropped nearly 80 percent from their $120 dollar peak, which was during the meme-stock saga in 2021.

The company reported its fourth straight fall in quarterly revenue on Wednesday.

What’s the significance of GameStop? NTD speaks with a video game expert.

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