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.
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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
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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
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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
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Total News Sources193
Leaning Left14Leaning Right6Center61Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 17%
C 75%
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