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Reddit users like GameStop stock, but the business is still struggling – Source CNET Tech

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GameStop’s become the center of a social media-fueled drama.


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GameStop’s stock has risen 948% so far this year, to $180.94, and it has little to do with selling video games. It turns out, actually, that the retailer at the center of a social media-fueled Wall Street battle over GameStop’s share value hasn’t caused the same enthusiasm for the company’s brick-and-mortar business.

In GameStop’s first report since the dramatic swings in its share value, the company said Tuesday it tallied $2.12 billion in sales during the shopping…

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Source CNET Tech

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