Gamestop announced proposed private offering of $1.75 billion worth of convertible senior notes.
But the mother of all short squeezes is coming any day now, for sure.
https://investor.gamestop.com/news-releases...e-Senior-Notes/default.aspx
GameStop
GME
trading on NYSE
since 2002
$22.92
(Δ 3.43%)
+$0.76 since open
GameStop is a specialty retailer that primarily sells new and pre-owned video games, consoles, and accessories, along with a growing assortment of pop culture collectibles and consumer electronics, through its physical stores and e-commerce platforms.
| type | open | high | low |
market cap |
volume |
|---|---|---|---|---|---|
| stock | $22.77 | $23.46 | $22.41 | $13.57B | 31.52M |
| eps | p/e | p/s |
operating margin |
profit margin |
yield |
| +$0.10 | 2292.00 | 15.58 | -1.47% | 6.12% | 6.63% |
How is it even legal for companies to purchase obscene amounts of worthless internet coins? There has to be some enforcement of fiduciary duty, otherwise these people are literally just gambling with shareholder money.
https://investor.gamestop.com/news-releases...
Buckle up buckaroos, because Gamestop has just dropped yet another bombshell. GME has announced they've bought up a whopping 4710 bitcoins (worth about $300 million) as a sort of strategic investment. I could probably come up with some betters ways to blow a third of a billion dollars, but whatever.