GAMESTOP CORP

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1GAMESTOP CORP.NAME:INSTITUTIONCOURSE NUMBERCOURSE TITLE:INSTRUCTOR’S NAME:DUE DATE:2GAMESTOP CORP.This paper will analyze the GameStop Company, a US gaming merchandise andconsumer electronics retailer. The company’s headquarters are located at Grapevine in Texas.Additionally, the game shop is the largest in the US and globally by operating over 4,800 storesglobally, with a revenue of $5.09 billion in 2020 despite the pandemic. The company has alsoemployed over twenty-three thousand individuals, and its subsidiaries include; EB games,Australia rhino games, Think-geek, Micro mania-Zing, Geek net, Game Informer, etc. for thisessay, I will be providing a comprehensive analysis of the rise and fall of GameStop stock in2021, how it paid off some people and hurt others, etc. Lawrence (2021).The incident occurred in late January 2021, where a group of traders on a Reddit forumr/wallstreatbets gradually increased GameStop’s company stock price to over eight thousand insix months. This event occurred due to most investors’ frustration after being denied a chanceduring the initial public stock offerings and the great opportunities. This event is also called the’short squeeze where the share price rose for over two weeks. For example, on 29th January, theamount was $483. The initial contributors to the occurrence were the r/wallstreet who led to amarket price surge for many hours.The company’s finance officer Bell Jim was announced to leave the company wh … Purchase document to see full attachment

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