We went on a tour of New York City's GameStop stores to see if the company is doomed to become the next Blockbuster Video — here's what we found

GameStop is the largest video game retailer in the world, with over 5,000 stores. The company had been in steady decline for years, but the bottom has dropped out of its stock price in 2019 — from $16 a share in January to just $4 by late July. The company is"a melting ice cube," Wedbush analyst Michael Pachter told Business Insider earlier this year."For sure it's going to go away eventually.

GameStop is the largest video game retailer in the world, with over 5,000 stores. The company had been in steady decline for years, but the bottom has dropped out of its stock price in 2019 — from $16 a share in January to just $4 by late July. The company is"a melting ice cube," Wedbush analyst Michael Pachter told Business Insider earlier this year."For sure it's going to go away eventually.

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Fonte: CNBC - 🏆 12. / 72 Leggi di più »