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.
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.
Authorities said the burglars targeted homes where they believed substantial amounts of cash and valuables were stored.
Madame Suzelle Poole has dedicated over 80 years of her life to ballet, serving as a performer and mentor.
Hurricane Oscar, which the hurricane center characterized as "tiny," formed Saturday off the coast of the Bahamas.
North Texans are in store for a fall weekend with above-average temperatures and a prolonged dry streak.
The Rock & Roll Hall of Fame class of 2024 includes Cher, Mary J. Blige, Ozzy Osbourne, Dave Matthews Band and Dionne Warwick, among others.
Texas has sued a Dallas doctor for allegedly providing gender-affirming care to transgender youths, marking a significant enforcement of recent Republican-driven bans.
Authorities said the burglars targeted homes where they believed substantial amounts of cash and valuables were stored.
Enter to win two tickets to the CBS Texas After Party at the historic Texas Theater in downtown Waxahachie.
The Texas man will testify before the Committee on Criminal Jurisprudence of the Texas House of Representatives.
Madame Suzelle Poole has dedicated over 80 years of her life to ballet, serving as a performer and mentor.
The officer was pursuing a stolen car in South Fort Worth when he collided with 57-year-old Andre Craig, who was killed in the crash.
Mothers Against Police Brutality accuses DPD of a "half century of unaccountable police brutality."
A recent report lays out the role immigrants play in the city's labor force.
The now 18-year-old survivor said Texas law enforcement dropped the ball on her case.
As more seniors fall victim to financial scams, citizens and lawmakers search for stronger consumer protections.
For Hispanic Heritage Month, Jack sat down with Latino leaders to talk about the issues resonating with voters in their communities. This included Democratic State Representative Ana Maria Ramos of Dallas, former Dallas County Republican Party Vice Chair and now Precinct Chair Tina Aviles, and former Republican State Representative Jason Villalba of Dallas, who's now an Independent and Chairman of the Board of the Texas Hispanic Policy Foundation.
Eye on Politics Jack Fink spoke with Dr. Joshua Blank, Research Director of the Texas Politics Project, about their new poll conducted between Oct. 2 - 10. The poll conducted by UT Austin shows Cruz leading Allred by seven percentage points.
"If he's exhausted being on the campaign trail, is he fit to do the job?" Harris asked as Trump refuses to release detailed medical records.
The judge overseeing President Donald Trump's 2020 election interference case released more evidence collected by special counsel Jack Smith on Friday.
Judge Tanya Chutkan denied Donald Trump's latest request to delay the release of court records and exhibits in his 2020 election interference case until after the election.
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.
Rodriguez says his greatest accomplishments have been mentoring and teaching the next generation of bilingual journalists, with a 100% graduation and employment rate since he began in 2009.
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.
Richardson residents continue to recover from storms that hit North Texas with winds that created debris and damages to homes.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
"If he's exhausted being on the campaign trail, is he fit to do the job?" Harris asked as Trump refuses to release detailed medical records.
The worst rates of the infection known as "walking pneumonia" or "white lung pneumonia" are in young children ages 2 to 4 years old.
Approximately 13% of U.S. women will be diagnosed with breast cancer at some point in their life and some may be at an increased risk because of certain genetic mutations.
Eating right is difficult, but it can be even more of a challenge in food desert communities.
BrucePac recalled nearly 12 million pounds of meat and poultry products used in popular products at Trader Joe's, Kroger and more.
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.
Wedding bells are in the air for Dak Prescott and Sarah Jane Ramos.
Wyatt Johnston made Dallas' third consecutive shot in a shootout, and the Stars remained undefeated with a 3-2 win over the San Jose Sharks.
"This is not your job," Jones said. "Your job isn't to let me go over the reasons that I did something and I'm sorry that I did it."
"It's not just the game, it's the things that surround it," said Gardner Parker.
Dak Prescott and the Dallas Cowboys suddenly seem lost at home.
The Rock & Roll Hall of Fame class of 2024 includes Cher, Mary J. Blige, Ozzy Osbourne, Dave Matthews Band and Dionne Warwick, among others.
The father of former One Direction star Liam Payne arrived in Buenos Aires to arrange for the return of his son's body to England.
Liam Payne, 31, died Wednesday after falling into the interior patio of a hotel in Buenos Aires, Argentina.
"Game of Thrones" fans came out in droves to bid on hundreds of costumes, props and other items from the series in an auction that raked in over $21 million, including #1.49 million for the famed Iron Throne.
One of the greatest actors of all time, Al Pacino's life might have turned out very differently, if not for his mother's determination, the faith of director Francis Ford Coppola, or his success at overcoming an addiction to drink. He talks about his new memoir, "Sonny Boy."
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.