Spirit of America Bookstore

GameStop,  Inc.
Retail Video Games Stores

common GameStop retail storefront              short history
important dates

company & subsidiaries
a few important people

books + movies
other media

image gallery

links

             inside typical GameStop retail store


The unprecedented GameStop short-squeeze episode triggered by mass-coordinated buying of GME shares
was mostly due to a tiny minority of 462 most-influential subredditors.

short history goes here

9-28 GameStop named Ryan Cohen its new CEO. The billionaire activist investor, who had been serving as the video game retailer’s executive chairman, will not receive a salary. Cohen first bought a stake in GameStop in 2020 and then joined its board the following year at the height of the meme stock frenzy. Its stock has since cooled off, but better-than-expected revenue in the second quarter may suggest Cohen’s plan to push deeper into e-commerce is starting to take effect.

Gameboard + GameStop Team-Up For Live, In-Store Game Night Experience The 10-City Gameboard Experience Kicks-Off in Oklahoma Ushering In The Next Dimension of Tabletop Gaming and Leveling Up Our Game Nights 12 May 2022 https://peopleofplay.com/blog/gameboard-gamestop-team-up-for-live-in-store-game-night-experience
http://www.gamestop.com/
http://en.wikipedia.org/wiki/GameStop
http://en.wikipedia.org/wiki/GameStop_short_squeeze 2021

A  Few  Important  Dates

  • 2000 June: Barnes & Nobel/Babbage's won a bidding was against Electronics Boutique and purchased video game retailer FuncoLand [est. 1988] for $161M. Over the course of its lifespan, FuncoLand operated in 406 locations.
  • 2000 Dec: B&N/FuncoLand merged with Babbage's and formed GameStop.
  • 2005 Oct: GameStop merged with Electronics Boutique / EB Games [est. 1977] in a $1.44B takeover deal.
  • 2021 January: Over the course of four incredible days, Wall Street tycoons had to reckon with a formidable force they barely understood, let alone saw coming: everyday men and women on WallStreetBets day-traded the hugely-shorted stock of Gamestop to an inflated value, making millions off the complacent billionaires.
  • 2021 Wall Street has its worst week since October amid GameStop chaos GameStop chaos and vaccine uncertainty spun Wall Street Despite a resurgence of COVID-19 and political tumult, the stock market managed to stay positive for the past few months. A massive collaboration to buy GameStop stock left the video game retailer up 400 percent this week and 1600 percent this month. But that all changed on January 29th:. All three major indexes fell more than three percent over the week; investors fear hedge funds that usually profit off shorting GameStop stock will have to sell other shares to pay off their losses.

  • 2021 Friday Jan 29: The S&P 500 fell 1.9 percent and the Dow Jones Industrial Average and the NASDAQ Composite each fell two percent, into its worst spiral since October.
  • 2021 Wed Feb 24: GameStop shares shot up by 103.9 percent after the video-game retailer announced that its chief financial officer, Jim Bell, would resign on March 26. Trading was halted with less than 30 minutes left in the trading day; GameStop shares jumped by another 83 percent in after-hours trading. The company said that Bell's departure 'was not because of any disagreement with the company'; Bell was pushed out by Ryan Cohen, co-founder of online pet-products retailer Chewy, who invested in GameStop last year and pushed for the company to shift its business online; Bell's appointment to the board helped drive up the heavily shorted stock ahead of its sudden trading frenzy.
  • 2021 May: A coordinated short squeeze targeting American hedge funds caused GameStop's stock price to spike.
  • 2022 Jan 28: Release of the "GameStop: Rise of The Players" movie in theaters
  • 2023 Sept 15: Limited U.S. release of the "Dumb Money" docudrama film in theaters, with wide release on September 29.
  • 2023 Sept 28: GameStop named billionaire activist investor Ryan Cohen as its new CEO; he had been serving as the video game retailer’s executive chairman and will not receive a salary.

  • 2024 Monday Feb 1: All three of the main U.S. stock indexes surged. The Dow gained 0.8 percent, while the S&P 500 soared by 1.6 percent, and the tech-heavy NASDAQ Composite soared by nearly 2.6 percent. The market got a boost from strong corporate earnings, which helped offset volatility among stocks such as GameStop.
  • 2024 March: GameStop stock plunged after reporting a drop in sales in the prior quarter and laying off staff.
  • 2024 May 17: GameStop stock plunged after the recently-reinvigorated meme stock filed to sell 45 million new shares and revealed that sales were down last quarter.

  • Babbage's retail stores logo, 1984-99       early + longtime logos for GameStop retail video game stores
    Gamestop retail video game stores
    [founded as Babbage's in 1984, renamed 1999]
    http://en.wikipedia.org/wiki/GameStop
    http://en.wikipedia.org/wiki/GameStop_short_squeeze 2021

    GameStop official website
    shopping GameStop online - Video Games Dept.
    shopping GameStop online - Toys & Games Dept. (action figures, plush)
    shopping GameStop online - GameStop Pro Dept. (rewards, discounts, exclusive deals, news)
    shopping GameStop online - Clothing Dept. (t-shirts, hoodies, hats)
    shopping GameStop online - Collectibles Dept.

    Subsidiaries

    Electronics Boutique / EB Games http://en.wikipedia.org/wiki/EB_Games [est. 1977, merger 10/2005]

    Game Informer Magazine - http://en.wikipedia.org/wiki/Game_Informer [est. 1991] http://www.gameinformer.com/

    Geeknet [est. 11/1993, purch 7/2015] specialists in Linux - http://en.wikipedia.org/wiki/Geeknet

    Micromania-Zing of France [est. 1983, purch 2008, merger 2017] - http://en.wikipedia.org/wiki/Micromania-Zing

    Rhino Video Games of Florida [1989-2007] - http://en.wikipedia.org/wiki/Rhino_Video_Games

    ThinkGeek [est. 7/1999, sold 11/1999, purch 6/2015, closed 2021] - http://en.wikipedia.org/wiki/ThinkGeek

    ZiNG Pop Culture Australia [est. 5/2014] - div of EB Games AU & GameStop

    A Few Important People

    Jim Bell, appointed CFO 6/2019, left the company on 3/2021

    billionaire activist investor Ryan Cohen - investor 2020, named executive chair 6/2021; named CEO 9/2023

    Daniel DeMatteo, pres Software Etc.; prom pres/COO NeoStar 2/1995; resigned 6/1996; GameStop's executive chairman named interim CEO 5/2018

    Richard Fontaine

    former Amazon executive Matt Furlong - apptd CEO 6/2021, removed 6/2023

    ?? Kim, CEO - replaced in 3/2019

    Gary M. Kusin, co-founder of Babbage's in 1984

    Michael K. Mauler, GameStop CEO Feb-May 2018

    James McCurry, co-founder of Babbage's in 1984; chair/CEO NeoStar 2/1995, added pres 5/1996

    Mike Recupero, apptd CFO 6/2021, fired 7/2022

    Leonard Riggio, co-founder & chairman of Software Etc.; purch NeoStar 11/1996

    Diana Saadeh-Jajeh, chief accounting officer, prom CFO 7/2022

    George Sherman - apptd CEO in 3/2019, stepped down 7/2021

    GameStop executive Mark Stanley

    Books  About  GameStop

    Antisocial Network / GameStop Short Squeeze book by Ben Mezrich  "The Antisocial Network: The GameStop Short Squeeze and The Ragtag Group of Amateur Traders That Brought Wall Street To Its Knees" [2021] by Ben Mezrich
    The definitive take on the wildest story of the year - the David-vs.-Goliath GameStop short squeeze - a tale of fortunes won and lost overnight that may end up changing Wall Street forever
    Kindle Edition from Grand Central Publng [9/2021] for $11.99
    Grand Central Publng 8x5¼ pb [5/2022] for $17.99
    Grand Central Publng 9½x6½ hardcover [9/2021] for $22.49
    HarperCollins 9½x6¼ hardcover [9/2021] for $24.35
    publisher official bookpagebook entry at Wikipedia

    Revolution, GameStop, Reddit book by Spencer Jakab  "The Revolution That Wasn't: GameStop, Reddit, and The Fleecing of Small Investors" [2022]
    by Spencer Jakab, Wall Street Journal columnist

    The story of financial titans like Gabe Plotkin of hedge fund Melvin Capital, one of the most respected and staid funds on Wall Street, billionaires like Elon Musk, Steve Cohen, Mark Cuban, Robinhood co-CEOs Vlad Tenev & Baiju Bhatt, and Ken Griffin of Citadel Securities. Over the course of four incredible days, each in their own way had to reckon with a formidable force they barely understood, let alone saw coming: everyday men and women on WallStreetBets like nurse Kim Campbell, college student Jeremy Poe, and the enigmatic Keith 'RoaringKitty' Gill, whose unfiltered live-stream videos captivated a new generation of stock market enthusiasts
    Kindle Edition from Portfolio [2/2022] for $4.99
    Portfolio 9¼x6 pb [2/2022] for $28.47
    Portfolio 9¼x6¼ hardcover [2/2022] for $27.99
    Chinese-language Kindle Edition from China Culture Publng [4/2023] for $9.99

    Movies  About  GameStop

    GAMESTOP: RISE OF THE PLAYERS - In Theatres January 28, 2022
    http://www.youtube.com/watch?v=xeT6_kMi8Po

    GameStop meme stock movie "Dumb Money" coming out Sept 2023
    the ultimate David vs. Goliath tale, based on the insane true story of everyday people who flipped the script on Wall Street
    and got rich by turning mall videogame chain GameStop into the world's hottest company https://www.imdb.com/title/tt13957560/ Two of the executive producers of the film are the famous Winklevoss twins, Tyler and Cameron.


    Other  Media


    Image  Gallery

    Pac-Man arcade game machine         screen shot of Pac-Man 'game over'         funny Mario marquee 2023                  

    L i n k s
    'toy' entry at Wikipedia
    http://en.wikipedia.org/wiki/Retrogaming
    http://en.wikipedia.org/wiki/Game_Developers_Conference
    browse the Video Games Dept. {returns over 60,000 items} at Amazon



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