GameStop Drops Most Since 2002 After Failing to Sell Itself
Original Content Publication Date: 01/29/2019
The brick-and-mortar video game retailer, GameStop, has given up the hunt for a buyer after months of struggles to settle on an agreeable price. After announcing this, the company's stock has dropped 26% and the company is still searching for a permanent chief executive officer to save them after the previous CEO stepped down after just a few months. One analyst suggests that GameStop will need to be more aggressive in closing stores and investing in new systems.
- GameStop's stocks plummeted after they announced they are no longer looking to sell the company
- There is no permanent CEO leading the company
- Competition seems to be intensifying with the news that Apple and others plan to launch video game streaming services
- What could GameStop have done in the past to avoid their current situation?
- What suggestions do you have for the company now that could possibly put them on the path to recovery?