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GameStop could make more money than it has in recent quarters by just sitting on its $4 billion cash pile
Summary by Business Insider
1 Articles
1 Articles
GameStop could make more money than it has in recent quarters by just sitting on its $4 billion cash pile
Anthony Ramos plays a fictional character in "Dumb Money."Sony PicturesGameStop could earn more from interest on its $4 billion cash pile than its core retail business. Recent hype sparked by the return of Roaring Kitty has allowed the company to raise $3 billion.The company could see $200 million of annual interest income by simply holding short-term Treasurys. GameStop has raised a lot of cash recently, and the struggling video game seller cou…
·New York, United States
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Coverage Details
Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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