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GameStop Stock Surges Over 8% In Friday Pre-Market: What's Going On?

Benzinga LogoBenzinga1w ago

GameStop Stock Surges Over 8% In Friday Pre-Market: What's Going On? - Benzinga

Quick Summary:

GameStop Corp. (NYSE:GME), the renowned video game retailer is trading 8.6% higher in Friday pre-market amid reports of investments in bitcoin and other cryptocurrencies.

What Happened: GameStop is exploring the possibility of diversifying its investments into alternative asset classes, such as cryptocurrencies, with a particular focus on bitcoin (CRYPTO: BTC), indicated a CNBC report.

However, the company may decide against proceeding with these investments as it is still assessing whether such a move aligns with its business strategy, as revealed by an insider.

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Article Details

Author / Journalist: Namrata Sen

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 12:48:53 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26144304

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Year Established: 2010

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

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  • URL: https://chronographically.beamstart.com/news/gamestop-stock-surges-over-8-17395379488450

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