The world's biggest video game retailer, GameStop, is dying: Here's what led to the retail giant's painful demise
GameStop is, by far, the world's largest video game retailer. The company had been in steady decline for years, but the bottom has dropped out of its stock price in 2019 — from $16 a share in January to just $5 by July. The company is"a melting ice cube," the Wedbush analyst Michael Pachter told Business Insider."For sure it's going to go away eventually." Here's how GameStop ended up in such dire straits. Visit Business Insider's homepage for more stories.
GameStop is, by far, the world's largest video game retailer. The company had been in steady decline for years, but the bottom has dropped out of its stock price in 2019 — from $16 a share in January to just $5 by July. The company is"a melting ice cube," the Wedbush analyst Michael Pachter told Business Insider."For sure it's going to go away eventually." Here's how GameStop ended up in such dire straits. Visit Business Insider's homepage for more stories.
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