Explained: The Adrenaline-Driven Rise to GameStop Stock
Credit Corp
JANUARY 28, 2021
Before its euphoric rise, GameStop was on a slow demise to bankruptcy, as it faced significant challenges to its business model from the internet. They embarked on new initiatives, including the acquisition of Spring Mobile in 2013. That’s a ~1700 percent increase! The company had bet on making money by buying smartphone stores.
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