US EditionGameStop is closing a ‘significant number’ of stores and will invest heavily in bitcoin
- GameStop's board has unanimously approved a plan to invest in bitcoin, following a strategy pioneered by MicroStrategy.
- GameStop announced it will close a 'significant number' of additional locations, although the specific stores have not been identified for closure.
- GameStop has closed hundreds of stores in recent years due to customers' changing habits toward online game buying and streaming.
- The transition to bitcoin serves as a defense against becoming irrelevant in the market.
Insights by Ground AI
Does this summary seem wrong?
193 Articles
193 Articles
All
Left
13
Center
65
Right
6
What happens to unused gift cards when a business closes?
With so many companies filing for bankruptcy recently, and some even closing for good, you might wonder what happens to any gift cards or unused services you have. Forever 21, Party City, and Joann Fabrics are just a few of the stores that have gone out of business in recent months. But retailers aren’t the only ones feeling the impact...
·San Diego, United States
Read Full Article
Associated Press News+11 Reposted by 11 other sources
GameStop slumps as its plan to sell debt to fund bitcoin purchases raises some questions
GameStop shares plunged Thursday after the company's plans to sell debt to fund purchases of bitcoin raised some questions on Wall Street.
·United States
Read Full Article
Syracuse NY+2 Reposted by 2 other sources
GameStop closing more stores; see 23 Upstate NY locations already gone
GameStop is closing more stores this year, after already shutting down 23 locations in Upstate New York.
·Syracuse, United States
Read Full ArticleCoverage Details
Total News Sources193
Leaning Left13Leaning Right6Center65Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
15%
C 77%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
