GameStop beats quarterly revenue estimates, turns profit
The company has been shoring up its online sales capabilities in a bid to transform itself into a digital behemoth from its current mainstay of brick-and-mortar stores. Net profit for the quarter ended Jan. 31 was $48.2 million, compared with a loss of $1...
This is likely the nail in the coffin for all the hedge funds & banks that shorted them AND the BIG banks that are trying to gobble up the failing banks. They are all circling the drain and can't delay their collapse much longer.
American Revolution 1.0 technically started in 1765. Gamestop closes at $17.65 during regular session (+4.62%), then up +48.44% in afterhours? Very interesting numbers indeed. But lets watch tomorrow's action and Hedge Fund margin calls before we get too excited.
Stamp Act 1765: https://en.wikipedia.org/wiki/Stamp_Act_1765