Tag

Gamestop

All articles tagged with #gamestop

market-news22 days ago•13 min saved

GameStop Rally Fueled by CEO's 'Very Large' Acquisition Hint

GameStop (GME) rose around 6.5% on Monday after CEO Ryan Cohen said he wants to transform the retailer with a very large acquisition of a consumer company, a deal he did not name but which could lift the company’s market cap from about $10.5 billion to over $100 billion. The move signals a push to move GameStop away from meme-stock status toward growth on merit, supported by stronger trading volume and improving profitability as analysts note a healthier balance sheet.

via TipRanks|

#acquisition #gamestop #gme

markets23 days ago•14 min saved

GameStop climbs on Cohen’s tease of a mega‑deal

GameStop shares rose in premarket trading after CEO Ryan Cohen’s media blitz suggesting a major acquisition, with CNBC/WSJ reports that he’s aiming to buy a much larger company and could push GameStop’s value toward hundreds of billions. Cohen’s pay is tied to hitting a $20 billion market cap and $2 billion in cumulative EBITDA from Q1 2026 onward, thresholds last exceeded during the 2021 meme surge. A Fox Business interview was canceled as Cohen works on a “monumental” plan, and investors are weighing potential targets touted by Michael Burry.

via Sherwood News|

#ebitda #gamestop #manda

business24 days ago•2 min saved

Could GameStop Become a Berkshire Hathaway–Style Conglomerate Under Ryan Cohen?

Michael Burry has bought GameStop not for its core business but for the leadership of Ryan Cohen, drawing a Buffett-like comparison and suggesting the potential for GameStop to resemble Berkshire Hathaway in the long run. Cohen owns about 9% of the company and has steered GameStop toward digital commerce, collectibles, and a Bitcoin investment, helping it outperform the market, yet the Berkshire analogy remains unproven and investors are advised to approach any GameStop bets with caution and a speculative mindset.

via The Motley Fool|

#berkshire-hathaway #business #gamestop

business26 days ago•13 min saved

GameStop Aims for a $100B Leap via Major Acquisition, Cohen Signals New Path

GameStop surged after CEO Ryan Cohen outlined a bold plan to grow the company from about $11B to over $100B, potentially via a large consumer/retail acquisition that Cohen acknowledged could be genius or a mistake. Investor Michael Burry urged a Berkshire Hathaway–style use of cash for a strong, cash-generating buyer, while the board tied Cohen’s pay to performance. With roughly $9B in liquidity and strategic store closures to fund higher-margin products, GameStop is taking bigger risks even as TipRanks’ AI rates it Neutral with a $25 target.

via TipRanks|

#berkshire-hathaway #business #gamestop

business26 days ago•3 min saved

GameStop targets a transformational mega-acquisition to unlock hundreds of billions in value

GameStop CEO Ryan Cohen says the retailer is pursuing a very large, publicly traded consumer-company acquisition that could be transformational and worth hundreds of billions, vastly exceeding its current ~$10B market cap. He won’t name targets but describes them as undervalued, high-quality, scalable with growth, and led by a “sleepy” management team. The plan is supported by a hefty cash pile and an equity incentive that pays out only if a $100B market cap and $10B EBITDA are reached. Skeptics doubt such a leap is feasible in retail, though investor Michael Burry has been buying shares. Cohen also hints he may not liquidate GameStop’s bitcoin, calling the new strategy “way more compelling than bitcoin” and likening it to a Berkshire Hathaway-style approach to creating value.

via CNBC|

#acquisition #bitcoin #business

markets1 month ago•18 min saved

Burry backs GameStop, triggering a fresh rally and heightened options activity

Michael Burry stated on a Substack post that he owns GameStop and has been buying recently, signaling a long-term thesis and possible value near tangible book value. The disclosure sparked a rally as GME traded around $24.15 (up ~4%), with heavy volume and a surge in short-dated call options (strikes near $20–$25) as traders bet on more upside and link the move to meme-stock dynamics tied to Ryan Cohen.

via Sherwood News|

#gamestop #markets #meme-stock

market-news1 month ago•14 min saved

Burry Bets Big on GameStop: A Patient Value Play

Michael Burry revealed on Substack that he has been buying GameStop (GME), targeting a value around 1x tangible book value/1x net asset value and signaling a multi-year hold rather than a quick squeeze. He emphasizes governance and capital allocation under Ryan Cohen and is willing to wait years to see the story play out. The move comes as GameStop has rebuilt its balance sheet—liquid assets, cash, and even Bitcoin—creating a cushion that points to a renewed focus on valuation and cash generation rather than meme-driven hype.

via TipRanks|

#gamestop #gme #market-news

business1 month ago•4 min saved

GameStop insiders deploy multi-million bet as Cohen leads fresh stake boost

GameStop insiders, led by CEO/Chairman Ryan Cohen, bought about 1 million shares across Jan 20–21 for roughly $21.36 million, with director Alain Attal adding 12,000 shares. Trading in the low $20s amid volatility, the buys could bolster sentiment and help establish a near-term price floor around $21 as the company pursues cost cuts and cash preservation.

via Finbold|

#business #gamestop #insider-buying

business1 month ago•2 min saved

GameStop Patches 'Infinite Money' Trade Glitch After YouTuber Profit Run

A YouTuber exposed a brief glitch where GameStop’s trade-in value for a pre-owned Nintendo Switch 2 briefly exceeded the new price, letting him repeatedly profit across stores over two days; GameStop patched the system and updated promotions to stop the infinite revenue loop, a move that recalls the company’s meme-stock history.

via Futurism|

#business #gamestop #glitch

gaming1 month ago•14 min saved

GameStop Flips the Switch on Viral Trade-In Glitch

A YouTube creator highlighted a supposed 'Infinite Money Glitch' at GameStop: buying a Nintendo Switch 2 for around $415 and immediately trading it back in with a pre-owned game could trigger a promo that boosted the trade-in value, letting players repeatedly rack up store credit. GameStop says the glitch has been patched and promotions updated to prevent further abuse, though it’s unclear whether the video exposed a real flaw or a marketing stunt as questions linger while stores face closures.

via Kotaku|

#gamestop #gaming #glitch

business1 month ago•3 min saved

GameStop to Close Hundreds of Stores, Western New York Included

GameStop lists 471 stores as closed with no reopening date, including Western New York locations such as Buffalo University Plaza, Depew, Lockport, Rochester Eastridge, Victor Crossing and Webster; the company had told the SEC it would close a significant number of stores in fiscal 2025, following 590 closures in the prior year, with no official closure list released yet.

via WGRZ|

#business #gamestop #retail

business1 month ago•8 min saved

GameStop to shutter nearly a fifth of its stores this January as brick-and-mortar declines deepen

GameStop is set to close about 470 of its roughly 2,000 U.S. stores in January, leaving fewer than 2,000 locations as the company contends with a broad shift away from physical retail; closures will hit several states, highlighting a wider retail downturn that has seen thousands of store closures nationwide in recent years.

via Daily Mail|

#brick-and-mortar #business #gamestop

business1 month ago•4 min saved

GameStop shutters hundreds of US stores as CEO pursues big payout tied to market cap

GameStop reportedly closed more than 400 US stores in January 2026 as CEO Ryan Cohen aims for a $35 billion pay package if the company’s market cap hits $100 billion, with redundancies also affecting EB Games in New Zealand and other regions.

via Eurogamer|

#business #gamestop #layoffs

business1 month ago•32 min saved

GameStop Starts 2026 With Mass Store Closures and a $35B CEO Pay Plan

GameStop reportedly began 2026 by shuttering up to 296 US stores in the first week, with signs offering a 20% trade-in bonus if customers visit other GameStop locations. The closures may be connected to CEO Ryan Cohen’s at-risk pay package, which could total $35 billion if the company reaches a $100 billion market cap, distributed in nine tranches starting at $20 billion. Separately, RNZ reports GameStop is considering ending EB Games in New Zealand, potentially closing 38 stores pending a full consultation with affected staff.

via Nintendo Life|

#business #eb-games-nz #gamestop

gaming1 month ago•20 min saved

GameStop to close 410 US stores in major cost-cutting push

GameStop is shuttering about 410 US locations (with 11 more planned) as part of a broad cost-cutting plan, extending a trend of store reductions and international downsizing noted in its December 2025 SEC filing; the move comes as the retailer continues to redefine its strategy after a 2021 market surge and amid failed NFT/crypto pivots. The filing also mentions a potential payout of up to $35 billion in stock options to CEO Ryan Cohen if GameStop hits a $100 billion market cap.

via Engadget|

#cost-cutting #gamestop #gaming