News and tests about board games, games and entertainmentNews and tests about board games, games and entertainmentNews and tests about board games, games and entertainment
  • Home
  • board Games
    • News
    • Board game reviews
    • Crowdfunding
    • top list
    • Inside
    • Buy games
      • Top 50: board games
      • Offers
      • Popular board games
      • Games Dealer
      • Games: tests and reviews
  • video Games
    • News
    • games scene
    • Gaming tests
    • Game tips
    • Gaming accessories
    • Hardware tests
  • top issuesTrends
    • Grand Theft AutoTop
    • Star Wars
    • Disney Lorcan
    • Lord of the Rings
    • World of Warcraft
    • Marvel
    • Cyberpunk 2077
    • WWE
    • Nintendo SwitchTop
    • Blizzard
    • Playstation
  • films and series
    • News
    • Movie review
  • Books
    • News
    • Book review
  • Amusement
  • EventsTrade Shows
    • News
    • GAME in Essen
    • Play!
    • Toy fair in Nuremberg
    • Gamescom in Cologne
    • CCXP Cologne
  • warcraft rumble
  • Disney Lorcan
  • Star Wars
  • Star Wars Unlimited
  • Asmodee
  • Ravensburger
  • Kosmos
  • Pegasus Spiele
  • Contact
  • The game editors
  • Media-Kit.
  • Imprint
  • Privacy Policy
  • Contest Rules
  • We're looking for you
Sign In
Notification Show More
Font resizerAa
Font resizerAa
News and tests about board games, games and entertainmentNews and tests about board games, games and entertainment
  • Home
  • board Games
  • video Games
  • top issuesTrends
  • films and series
  • Books
  • Amusement
  • EventsTrade Shows
  • Home
  • board Games
    • News
    • Board game reviews
    • Crowdfunding
    • top list
    • Inside
    • Buy games
  • video Games
    • News
    • games scene
    • Gaming tests
    • Game tips
    • Gaming accessories
    • Hardware tests
  • top issuesTrends
    • Grand Theft AutoTop
    • Star Wars
    • Disney Lorcan
    • Lord of the Rings
    • World of Warcraft
    • Marvel
    • Cyberpunk 2077
    • WWE
    • Nintendo SwitchTop
    • Blizzard
    • Playstation
  • films and series
    • News
    • Movie review
  • Books
    • News
    • Book review
  • Amusement
  • EventsTrade Shows
    • News
    • GAME in Essen
    • Play!
    • Toy fair in Nuremberg
    • Gamescom in Cologne
    • CCXP Cologne
Have an existing account? Sign In
follow US
© 2023 - Spielpunkt - Games and Entertainment
News and tests about board games, games and entertainment > Articles > video Games > Gamestop: Stock drives the internet wild
NewsTopvideo Games

Gamestop: Stock drives the internet wild

"Roaring Kitty" creates hype

Andre Volkman
Last updated: June 9, 2024 15:03 p.m
Andre Volkman
5 MinRead
Share
5 MinRead
There was already a hype around Gamestop shares (GME) in 2021 - which caused the security to skyrocket to hundreds of US dollars.
There was already a hype around Gamestop shares (GME) in 2021 - which caused the security to skyrocket to hundreds of US dollars.
SHARE

Fans in this country are also familiar with the stores of the retail chain Gamestop – and many of them are also aware of the hype surrounding the company's shares. Recently, rocket-like price increases have been followed by drastic slumps. But the story is not yet finished.

This text is for information purposes only and does not constitute an investment recommendation.

Gamestop is a brand that is known to almost every gaming fan - and yet the company is struggling with its own business model: The shops are usually in the best locations - the rents are correspondingly high. The revenues cannot keep up. There are several reasons for this, but one is central: game sales are weakening because the market has changed. Physical boxes of video games are gradually becoming run-of-the-mill models, and Gamestop's used prices are usually too high and therefore not very attractive. And while it is theoretically possible to make money with the other items in the store, the target group for the "nerd items" is increasingly shopping online. There, the competition is fierce, almost overwhelming.

According to its own information, Gamestop has around 5.500 branches worldwide - but last year the company is said to have lost ground again. In Germany, fans can find around 70 branches, spread across Germany in both large and smaller cities. And yes: Despite the weak business, Gamestop offers scene fans a colorful place to browse products from the gaming industry: hundreds of Funko pop figures, plush toys, cups, goodies - you could decorate your game room with purchases from Gamestop as you wish. But that alone is not enough for the company's financial success. The hope is now for a transformation. Rumors have been around for a long time: a focus on evaluating trading cards, entering the crypto world, even Gamestop as a hedge fund are being discussed as ideas. Increasingly recently, because Gamestop shares (GME) are currently driving the internet crazy.

- Advertisement -

The past few days have been more than just eventful for investors in Gamestop shares: GME is subject to high volatility, not least because the stock has become a plaything. A mega jump in price was followed on Friday by a severe setback. The drop was around 40 percent. The reason: Gamestop had surprisingly announced its quarterly report and a loss of 12 cents per share, while analysts had expected -9 cents. Gamestop also announced that it intends to sell more shares: up to 75 million. The company had informed the US Securities and Exchange Commission (SEC) of a corresponding filing.

And then there was the trigger for the whole spectacle: "Roaring Kitty". Keith Gill, his real-life name, appeared out of nowhere after about three years. The meme stock scene is expecting a repeat of 2021 to happen. With a massive short squeeze, Gamestop shares made headlines and caused fear among hedge funds, some of which had to cope with enormous losses. Trading in Gamestop shares has long since become an internet movement: the scene, especially on Reddit, is about money, but also about principle: they stand up to the hedge funds, criticize them, and want to see those companies that contributed to Gamestop's downfall bleed financially.

Wall Street firms and the US media believe that the fury has come to an end after the recent price collapse - but the story is not over yet, because the first stream of "Roaring Kitty" in around three years in particular has the scene enthusiastic. They believe that Friday's apparently clumsy YouTube livestream was precisely that. Instead, some Reddit users consider the video and Gamestop's actions themselves to be a "bear trap" that could send hedge funds reeling. What exactly Keith Gill's motives are and what plans CEO Ryan Cohen has for Gamestop are completely unclear. At the same time, this also seems to mean that there can still be surprises with corresponding price fluctuations in all directions.

In recent days, the stock has jumped to over 70 US dollars; the stock is currently trading at around 30 US dollars.

Preview Product Rating Price
GameStop To the Moon Game Vintage Mug inside and on the handle red... GameStop To the Moon Game Vintage Mug red inside and handle...* Currently no reviews 11,95 EUR
Dumb Money Dumb Money* Currently no reviews 7,99 EUR

* = Affiliate link/advertisementAs an Amazon Associate, we earn money from qualifying purchases. If you make a purchase through one of the links, we receive a portion of the purchase price as commission. This doesn't cost you anything extra, but it helps support our website. Last updated on September 14.06.2025, XNUMX / Affiliate links / Images from the Amazon Product Advertising API. Images from Amazon PA API.

- Advertisement -
Gamestop: Store closures, but Bitcoin entry
Gamestop Germany apparently shuts down: Branches to close
Gamestop: Trading cards now also available in Germany
Thanks, Gamestop: Old feeling with new Call of Duty
Gamestop closes deal: “We did it!”
Tagged:GameStopScene
How do you like the article?
Love0
Happy 0
Sad0
Angry0
Cry0
Surprise0
Andre_new
ByAndre Volkman
Follow:
André Volkmann is a journalist who specializes in local news, games and entertainment.
Previous Article Harry Potter Quidditch Champions is both sporty and magical. Image: Warner Bros. Games New Harry Potter game is coming – it will be sporty
Next Article Quacksalber von Quedlinburg The Duel Schmidt Spiele Bag Building 2-Person Games Board game review of The Quacks of Quedlinburg – The Duel: The Firecracker of the Series
No comments No comments

Leave a Comment Cancel reply

Your e-mail address will not be published. Required fields are marked with * marked

Stay Connected

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe

Latest News

The Nintendo Switch 2 has had an extremely strong sales launch. Photo: Volkmann
Nintendo Switch 2 on sale: Rocket start backed by numbers
News Top video Games
With Disney Lorcana, Ravensburger has launched a collectible card game that focuses on popular characters. Photo: Volkmann
Disney Lorcana: TCG facing drastic changes
Board and card games Hot Topics News Top
new James Bond actor
Fans sure after revelation: He is the actor for the new James Bond
News Top video Games
foxy featured image
5-Minute Insight: Foxy – A Game of the Year Surprise
featured image house of fado
Board game review of House of Fado: Can a simple Lacerda game be good?

Board Games: Top 5

On Halloween, the horror can find its way onto the board game table. Cover: Noris
Halloween: Five board game insider tips
Board and card games News top list
The best board games about dreams.
In your head: 5 good board games about dreams
Board and card games News top list
best board games time travel
Flux capacitor on: 5 good time travel board games
Board and card games News top list
best horror board games
Halloween Horror: 13 good board games to scare you
Board and card games News top list

Already read?

Gamestop already has an online store - the company's main aim with "Retro" is to lure customers back into its brick-and-mortar stores. Photo: Volkmann
Newsvideo Games

Gamestop: Why the retro idea could take off

Andre Volkman
Andre Volkman
12 November 2024
Gamestop is banking on nostalgia: Retro stores are designed to attract fans to the stores. Photo: Volkmann
Newsvideo Games

Gamestop relies on retro stores

Andre Volkman
Andre Volkman
August 29, 2024
Consoles like the Xbox Series X use less power than a powerful gaming PC. Image: Xbox/Assembly: Spielpunkt
Newsvideo Games

Gaming power consumption: Consoles are significantly more economical than PCs

Andre Volkman
Andre Volkman
12 November 2024
Fraudsters often target code cards. Photo: Volkmann
Hot TopicsNewsvideo Games

Code card fraud: perpetrators also target Steam credits

Andre Volkman
Andre Volkman
20 November 2023
Tickets for Gamescom Saturday are no longer available. Logo: Gamescom
Gamescom in CologneNewsvideo Games

Gamescom 2023: No more tickets for Saturday

Andre Volkman
Andre Volkman
August 10, 2023
Show More
follow US
Spielpunkt 2025. Content protected by copyright.
  • Contact
  • The game editors
  • Media-Kit.
  • Imprint
  • Privacy Policy
  • Contest Rules
  • We're looking for you
Welcome back!

Login

Username or Email Address
Password

Lost your password?