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by thecupisblue 1974 days ago
They have a large chunk of cash, they got new investors with Ryan Cohen coming onboard and are moving into an ecommerce direction + they are a familiar and established brand. The "resurrection" story here serves fuel on the brand fire. Real news is that gamestop really has turnaround potential.
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Demand for physical media is declining and seems certain to be extinguished by the console manufacturers within the next few years. GameStop has no leverage to slow or change that.