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.
Watch CBS News
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.
Anthony Davis led the Mavericks with 40 points and nine rebounds, and Klay Thompson added 18 points.
The criminal investigation is continuing.
The incident occurred around 6:30 p.m. in the 3800 block of West Walnut Street outside the complex laundromat.
The incident occurred just before 8:45 p.m. in the southbound lanes of I-35W near Heritage Trace.
Misinformation has spread on social media following the Frisco high school stabbing, fueling false narratives and protest plans.
First Alert Weather Days have been issued for Saturday and Sunday.
The incident occurred just before 8:45 p.m. in the southbound lanes of I-35W near Heritage Trace.
The incident occurred around 6:30 p.m. in the 3800 block of West Walnut Street outside the complex laundromat.
Anthony Davis led the Mavericks with 40 points and nine rebounds, and Klay Thompson added 18 points.
The criminal investigation is continuing.
The fight against squatters in Texas could soon affect every renter in the state.
Housing finance corporations were created to address affordable housing needs. But many say they're being abused.
For decades, local governments have used HFCs to create affordable housing. But recently, developers have found some small towns willing to go far beyond their limits to broker deals all across the state.
In the wake of the fatal stabbing at a Frisco high school track meet, a surge of misinformation has swept through social media platforms, causing confusion and fear.
The I-Team followed the Tarrant County Sheriff's Office's human trafficking unit as it offered help to the women and men caught in prostitution stings.
Texas Democratic state representatives John Bryant and Mihaela Plesa express their disappointment over the passage of the School Choice Education Savings Account bill. They urge voters to support public education by voting for Democratic candidates in the next elections.
Texas Republican state representatives Katrina Pierson and Mike Olcott express excitement over school choice Education Savings Account passing in the House. They counter Democratic criticisms by stating that the bill is designed to benefit families who are dissatisfied with public school outcomes and want alternatives such as private or charter schools.
GOP consultant Vinny Minchillo discusses the primary for U.S. Senate, including potential candidates in the race. He also discusses the impact of tariffs and the Trump administration's promises.
Gary Shapley — who became famous after speaking out about alleged political influence in the Hunter Biden tax probe — is out as IRS director after just two days, following an internal struggle involving Elon Musk.
The Trump administration has moved to replace websites that previously offered health information and access to COVID tests and treatment.
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.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
Last year, over 16 million vehicles drove on North Texas toll roads without paying, accumulating more than $69 million in unpaid tolls.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
The person visited three shopping areas in the county on April 10-12 while infectious, officials said.
Some employees working on the CDC's measles response were warned they could face layoffs.
The father of identical twins on the Autism spectrum shares his family's journey and challenges.
A majority of the agency's COVID-19 vaccine work group now backs narrower "risk-based" recommendations.
Steep cuts to the agency's workforce had disrupted drug and food safety inspections.
A Texas judge has thrown out a federal rule that would have capped credit card late fees.
Nvidia announced Monday morning that it wants to build two factories in Texas — one in Houston and one in Dallas.
Economic impact anticipated as Paige Bueckers joins the Wings, Boosting Local DFW Economy
P. Wade Ross leads a group of Black farmers and ranchers who are used to losing some---and, then, losing some. Now, they are hoping for a win.
DRAFTED, the first culture-driven media company focusing on Latina sports, was officially launched in 2023.
Excitement is building for the 2026 FIFA World Cup. It's been 31 years since North Texas hosted the tournament.
PlayersTV says it's the first and only media network owned and operated by professional athletes with all original content from their lives off the court and field.
"There's no regrets on the trade," Harrison said during a round table discussion. "Part of it is doing the best thing for the Mavs."
Moritz Seider had a tiebreaking, power-play goal early in the third, Lucas Raymond scored midway through the period and Vladimir Tarasenko added an empty-net goal to lift the Detroit Red Wings to a 6-4 win over the Dallas Stars.
Economic impact anticipated as Paige Bueckers joins the Wings, Boosting Local DFW Economy
PlayersTV says it's the first and only media network owned and operated by professional athletes with all original content from their lives off the court and field.
Filming has been canceled for Tuesday but will resume Wednesday.
Jay North, who starred on TV's "Dennis the Menace" for four seasons starting in 1959, has died.
A pair of critically endangered, nearly 100-year-old Galapagos tortoises at the Philadelphia Zoo have become first-time parents.
Want to catch the 2025 NCAA March Madness championship games? Here's how and where to watch them live.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
CBS News Texas viewers got out and enjoyed the snow day on Thursday and send us all of their best photos. Take a look.
CBS News Texas captured the excitement and energy of the BMW Dallas Marathon Festival through photos.
Cowtown lit up the streets of Downtown with smiles and lights during the annual Parade of Lights.
