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 $1...
This is likely the nail in the coffin for all the hedge funds & banks that shorted them AND the BIG banks that are trying to gobble up the failing banks. They are all circling the drain and can't delay their collapse much longer.
It seems like we're witnessing a major shift in the stock market - Amazon ($AMZN) has reported its first quarterly loss in years, while GameStop ($GME) has surprisingly announced its first profitable quarter! It's like we're watching a David and Goliath story unfold in the world of finance.
It's crazy isn't it. I wished I had invested in Amazon way back when. But I was too young. I wanted to do the same with Google and bit coin.was a drunk Marine when I learned of Bit coin. Could have been a millionaire even on a Lance Corporal's salary.
I'm now old enough and smart enough. I'm invested in GameStop! DRS'd XXXX Ape here.
Can't Stop. Won't Stop. GameStop!
Didn't Q say Game Over? Funny they call it 'playing' the stock market.