Explained: The Adrenaline-Driven Rise to GameStop Stock
Credit Corp
JANUARY 28, 2021
They embarked on new initiatives, including the acquisition of Spring Mobile in 2013. In this ordeal, the two hedge funds shorting GME had become too greedy as they had driven GME’s share price from $20 to $10 and to $4. Alongside GameStop’s faltering business model, GameStop also ran into issues with its poor business decisions.
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