GameStop

GameStop Corporation is an American video game, consumer electronics, and merchandise retailer. Headquartered in Grapevine, Texas, it is one of the largest video game retailers in the world. The company operates over 4,000 retail stores across the United States, Canada, Australia, and Europe. GameStop offers a wide range of products, including new and used video games, gaming consoles, accessories, and collectibles.

Founded in 1984, GameStop has evolved from a small software retailer to a major player in the gaming industry. It has historically relied on the sale of new and used physical media, as well as trade-ins for store credit. In recent years, the company has faced challenges from the shift towards digital game downloads and the increasing popularity of online-only retailers.

In early 2021, GameStop became the subject of significant public attention due to a short squeeze orchestrated by retail investors on social media platforms, most notably Reddit's WallStreetBets subreddit. This event led to a dramatic surge in the company's stock price, causing considerable losses for some institutional investors who had bet against the company. The phenomenon highlighted the growing influence of retail investors and the potential for coordinated online activity to impact financial markets. Following this event, GameStop has been working to adapt its business model to the evolving retail landscape, exploring new revenue streams and digital initiatives.