GameStop raises $2.1 billion after latest "meme stock" surge
The video game retailer has recently raised roughly $3 billion in cash, capitalizing on a jump in its stock price.
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The video game retailer has recently raised roughly $3 billion in cash, capitalizing on a jump in its stock price.
GameStop's stock price jumped more than 87% in pre-market trading following post on Reddit linked to trader Keith Gill.
Shares of GameStop are plunging before the opening bell after the company fired CEO Matthew Furlong.
GameStop raised more than $1 billion in its latest stock sale, capitalizing on a newly arrived and fervent army of online investors.
The overhaul in the top ranks of GameStop continues with the announced departure of CEO George Sherman at the end of July.
Two months after a market phenomenon took shares of North Texas-based GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated.
In a move meant to push the business toward a more digital future, Grapevine-based GameStop has named an activist investor to help shift more of its business online.
GameStop shares surged before the start of U.S. trade on Thursday, with the stock more than tripling over the last two days.
GameStop Executive Vice President and Chief Financial Officer Jim Bell is resigning from his roles on March 26, 2021.
Many investors fully understand the contradiction between GameStop's stock price and its business fundamentals.
GameStop's stock price cratered on Tuesday, falling 60% to $90 a share. The drop signaled that the popular WallStreetBets Reddit stock market discussion board may be losing its magic.
Independent investors communicating online started purchasing GameStop shares, driving up the price. AMC Theaters, American Airlines, and Bed Bath & Beyond became hot commodities, too.
Stock-trading platform, Robinhood and a few others announced Thursday, Jan. 28, they were restricting transactions for certain stocks, including GameStop.
The stock market has enjoyed unprecedented gains during the pandemic, with the strange, meteoric rise of GameStop among the highlights.
"This isn't just a legal question. It's a moral question," says University of Texas at Dallas Law Professor Mike Maslanka.
Unemployment claims are mounting as thousands of Texans find themselves jobless.
After GameStop posted 2nd quarter earnings that fell short of predictions, the company announced it would be closing as many as 200 stores by the end of the year.
Police said the suspect pictured in surveillance images has committed at least three aggravated robberies in Lancaster, Dallas and Mesquite.
A Consumer Justice investigation found your valuables could be stolen and sold the same day at some stores in North Texas. And it's all because one city can't agree on how to enforce its own law.
The Grapevine-based company is best known for selling games announced plans Monday to launch a new division called GameTrust that will help distribute and market them.
GameStop is dipping a toe into the video game publishing business. The retailer is partnering with Insomniac Games to release the studio's upcoming underwater adventure "Song of the Deep."
GameStop said that the stronger dollar hurt sales in the fourth quarter. Sales for the Grapevine video game retailer fell about 6 percent in the three months that ended January 31.
Video game retailer GameStop, based out of Grapevine, reported a third-quarter profit that missed Wall Street expectations, while also cutting its outlook for the year.
While the Electronic Entertainment Expo is no longer open to the public, the GameStop Expo offers everyday gamers a chance to preview upcoming titles and hardware.
GameStop said that its first-quarter net income fell 25 percent as revenue declined, but results at the world's biggest video game retailer surpassed Wall Street's expectations.
Joe Mixon ran for three touchdowns, Derek Barnett returned a fumble 28 yards for a score and the Houston Texans beat the Dallas Cowboys 34-10.
No one was hurt on board, but concerns are being raised about a larger security threat.
The Texas Supreme Court has cleared the way for Robert Roberson's execution to be rescheduled a month after he narrowly avoided it.
Tuesday morning will be chillier with clear skies and dry air in place, morning lows will drop into the upper 40s and lower 50s.
The Houston Texans (6-4) and Dallas Cowboys (3-6), both on losing streaks, will meet on Monday Night Football. Kickoff is 7:15 p.m.
Joe Mixon ran for three touchdowns, Derek Barnett returned a fumble 28 yards for a score and the Houston Texans beat the Dallas Cowboys 34-10.
No one was hurt on board, but concerns are being raised about a larger security threat.
The Texas Supreme Court has cleared the way for Robert Roberson's execution to be rescheduled a month after he narrowly avoided it.
Tuesday morning will be chillier with clear skies and dry air in place, morning lows will drop into the upper 40s and lower 50s.
The Houston Texans (6-4) and Dallas Cowboys (3-6), both on losing streaks, will meet on Monday Night Football. Kickoff is 7:15 p.m.
A North Texas couple vetted and hired a local company for their move to Oregon, not knowing someone else would be taking their things.
Big solar companies oftentimes outsource on-the-ground sales efforts to third-party companies.
A Collin County man is facing an extremely rare traffic citation after an encounter that was caught on video.
The CBS Data Team learned there are about 5600 mail thefts reported every year in the North Texas region- that's more than 15 reported thefts a day.
For the past six months, the CBS News Texas I-Team has spoken with more than a dozen Medicare recipients who reported fraudulent activity on their accounts.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
Every week, Eye on Politics breaks down some of the biggest political stories grabbing headlines in North Texas and beyond.
A return to Madison Square Garden meant revisiting the place where a comedian caused an uproar at a Trump rally last month by likening Puerto Rico to a "floating island of garbage."
Jack Fink discusses funding for public schools, school choice, and how students are doing with Texas Education Agency Commissioner Mike Morath.
At Fort Worth ISD's North Side High School, the sounds of an American sport on the field meet mariachi music in the stands.
With new foods, such as the "Drowning Taquitos" and the "Beso de Angel," Tony's Taco Shop owners say they don't take their success for granted.
Latinas in Tech DFW started back up last year after the pandemic. They have lots of opportunities for Latinas to network, connect, and learn new skills.
Anchor Ken Molestina shows us how he makes his Cuban coffee for the CBS News Texas newsroom.
Del Olmo, who has played golf his entire life, recalls how rare the sport was for people like him growing up in Mexico City.
A North Texas couple vetted and hired a local company for their move to Oregon, not knowing someone else would be taking their things.
Big solar companies oftentimes outsource on-the-ground sales efforts to third-party companies.
As more seniors fall victim to financial scams, citizens and lawmakers search for stronger consumer protections.
Following an I-Team investigation, Sunnova Energy is facing legal action from nearly a dozen Texas families.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
Overdose deaths have slowed 18% since a peak last year, the CDC estimates.
Illnesses linked to slivered onions on McDonald's Quarter Pounder burgers expand to 14 states, federal officials say.
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
Once a month, a group of veterans and first responders gathers to find healing through outdoor therapy.
Texas has the third largest population of people 50 years of age and older.
Seventeen thousand workers depend on those containers to arrive by train or truck transport inside southern Dallas County’s International Inland Port.
Following an I-Team investigation, Sunnova Energy is facing legal action from nearly a dozen Texas families.
Elliott Hill is a TCU graduate and currently serves on the school's board of trustees.
Chevron Corporation announced Friday it would relocate its headquarters from San Ramon to Houston, Texas before the end of the year.
The U.S. Olympic and Paralympic Committee filed a federal lawsuit this week alleging Prime, Logan Paul's energy drink company, of infringing on the committee's trademarks.
Joe Mixon ran for three touchdowns, Derek Barnett returned a fumble 28 yards for a score and the Houston Texans beat the Dallas Cowboys 34-10.
Florida Atlantic fired coach Tom Herman on Monday with two games left in his second season at the school, neither of which resulted in a winning record.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Unlike the Cowboys, the Texans hold a winning record and are the top team in their division.
The Dallas Wings won the WNBA draft lottery Sunday and the chance to draft UConn star Paige Bueckers with the No. 1 pick.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
A day after losing his highly-anticipated boxing match to Jake Paul, Mike Tyson wrote that "this is one of those situations when you lost but still won. I'm grateful for last night."
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
The 46-year-old Houston native – whose name is Jason Head – was putting a gun away at his ranch when it "slipped out of the holster, hit the side of the jeep and discharged into his stomach area," his publicist said.
Check out photos of cars, trucks and SUV's on display this year at the Texas Auto Show at the State Fair of Texas.
We take a look back at Dallas Police Chief Eddie Garcia's time in Dallas.
Stars, stripes and plenty of fun in the sun is how Fort Worth celebrates the Fourth of July.
Severe storms made way across North Texas on May 28, leaving behind a path of destruction.
Damage from across North Texas that was left behind by two tornadoes on May 25.
