GameStop Stock Selloff Explained - Buy Chance or Value Trap?

Key Takeaways GME stock fell over 20% after announcing a $1.75B capital raise and renewed investment in Bitcoin. GameStop revenues fell 28% to $3.8 billion in 2024 from $5.3 billion in 2023. GME posted $45M in Q1 profits and cut costs by closing stores, showing improved financial stability.Video game retailer GameStop Corp. (GME) shares had unpredictable price swings in 2021 due to a short squeeze, followed by a steady decline. GameStop’s shares recently plunged due to lower quarterly revenues and investo ...