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The Latest Breaking News from GameStop

The most talked-about candidate of the 2021 meme-stock frenzy, GameStop (GME), turned profitable in the last reported quarter. Considering this could be a sign of a turnaround for the company, would it be wise to scoop up GME shares? Let’s look at some of its key financial metrics.

StockNews.com

Watch a death metal band start a circle pit outside a GameStop store while people queue for the new Zelda game

If you were queuing at midnight at a Game Stop in Texas to buy the new Zelda, you could have witnessed death metallers Severance entertaining a bunch of young gamers

Metal Hammer

I went to a Tears of the Kingdom midnight launch and partied like it was 2006

How Tears the Kingdom channeled memories of Twilight Princess that reawakened my passion for Zelda

GamesRadar

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GameStop Still Offers High Put Option Premiums, Ideal for Short-Put Income Plays

GameStop stock has been treading water since its surprise profits released in March. Nevertheless, its put option premiums have stayed high, ideal for investors who short them for income.

Barchart

US regional bank shares partially recover but fear of crash lingers

Stock market rises on bounceback despite investors still nursing steep losses

The Guardian - UK

GameStop employee who shared Tears of the Kingdom leak says he was fired "at Nintendo's request"

"They just requested for me to be terminated or their contract with GameStop was in 'jeopardy'"

GamesRadar

GameStop's High Option Premiums Are Popular with Income Investors

GameStop reported surprise profits and positive free cash flow in late March, pushing GME stock up over 40%. This has led to very high option premiums that are popular with income investors.

Barchart

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Billionaire investor Charlie Munger says stock market ‘gambling’ is as addictive as ‘heroin’—but he sees no way to fix it

Berkshire Hathaway's Munger criticized investors who trade like they're "gambling" and said it causes harm like the Great Depression.

Fortune

Street Fighter 6: where to buy and Mad Gear Box Collector's edition

Street Fighter 6 has finally been released and if you missed the pre-order stage, fear not, you can still pick up the game.

Daily Mirror

The Legend of Zelda: Tears of the Kingdom Switch has finally been unveiled

The reveal comes after plenty of rumors

GamesRadar

GameStop's Surprise Profits and Huge FCF Causes Unusual Options Activity

GameStop reported its first profit massive free cash flow in the past 2 years GME stock is up over 36% on May 22. This has led to huge unusual put option trades for near-term expiration.

Barchart

GameStop Expert Says ‘Apes’ Learned ‘So Much’ About Market, Are Helping Push For SEC Changes

The rise of shares of GameStop Corporation was one of the biggest storylines and controversial of the financial markets in 2021

Zenger

Don’t Let GameStop’s Unusual Options Activity Cloud Your Judgement

GameStop announced a small profit on Tuesday after the close. Wednesday’s stock and options volume went through the roof. GameStop has a long way to go before it’s worth owning for the long haul. Don’t let yesterday’s activity cloud your judgment.

Barchart

Stock Market Today: Stocks Sink After Latest Fed Rate Hike

The major indexes sold off sharply Wednesday even amid signs the Fed's rate-hike campaign could be nearing an end.

Kiplinger

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Fortune

Michael Jordan is reportedly close to selling his NBA franchise to the hedge fund billionaire at the center of the WallStreetBets/GameStop saga

Jordan might sell the Charlotte Hornets to a consortium co-led by Gabe Plotkin, whose Melvin Capital lost big in the pandemic's meme-stock frenzy.

StockNews.com

Is It Game Over for This Stock In 2023?

Since the turn of the year, GameStop (GME) has shown signs of a reprise of its mind-boggling bull run of 2021. We look into the company's fundamentals to determine whether the optimism is justified. Read on….

Inverse

'Zelda: Tears of the Kingdom' Preorder Bonuses, Editions, Prices, and amiibo Details

'The Legend of Zelda: Tears of the Kingdom' is coming this spring. Here's how to secure your copy with as much swag as possible.

USA Today Sports Media Group

GameStop manager fired after robbers made off with PS5 systems

GameStop fired a manager after two robbers held up a single employee and made off with $5,000 worth of PS5s, which is 10 consoles

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USA Today Sports Media Group

Fire Emblem Engage voice actor couldn’t buy the game they starred in

Brandon McInnis, who voices the male lead in Fire Emblem Engage, couldn’t get the deluxe edition after GameStop failed to honor pre-orders

Zenger

GameStop Spikes Higher — Is Another Trip To The Moon On The Horizon?

GameStop Corporation (NYSE: GME) surged almost 13% at one point on Wednesday after rallying 8.5%.

The Guardian - US

Bed Bath & Beyond sees ‘meme-stock’ surge – but is it too little, too late?

The US home retailer, once worth $17bn, looks destined to enter chapter 11 despite a market rally this week. What went wrong?

Newsroom.co.nz

Tapping opportunity in a downward market

Derivatives and shorting are a lesser-understood tool getting more shine in the current bear market.

Tribune News Service

Layoffs precede GameStop’s latest glimpse into how its turnaround is working

GameStop is laying off workers only a few weeks before the holidays, with a team working on the company’s crypto initiatives reportedly hard hit.

Fortune

GameStop just became the latest tech company to lay off workers—and it’s cut down on its crypto team

“Super sad to say I was a part of the layoffs today at GameStop,” one software engineer wrote on LinkedIn.

Benzinga

Why This Short Seller Is Doubling Down Against Cryptocurrency, Says 'US Government Should Be Embarrassed' About FTX Debacle

Activist investor and short seller Citron Research made headlines in 2021 for attacking stocks like GameStop Corporation (NYSE: GME) and other popular companies with the retail investment crowd.

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