Posted 3/27/2024, 2:09:54 PM
GameStop Shares Plunge as Company Slashes Jobs, Questions Remain About Retailer's Fundamentals Amid Industry Shift
- GameStop shares fell sharply after reporting disappointing Q4 results and slashing jobs to cut costs
- Trump Media & Technology Group stock continues to surge for a second day after officially merging and adopting new name
- Return of meme stock mania seen in continued rise of Trump Media and past huge run-up in GameStop and AMC
- GameStop focusing strategy on achieving profitability via cost reductions like job cuts and improving retail operations
- Questions remain about fundamentals of GameStop's business as gaming industry shifts more to the cloud