GameStop has been upgraded to a soft 'Buy' rating following a 14% year-over-year revenue increase and a sharp rise in net income from $44.8 million to $389.6 million. Adjusted net profits more than doubled, driven by a stronger collectibles segment. Management expects EBITDA to surpass $600 million this year, supported by a robust $4.2 billion net cash position. While a potential eBay acquisition remains uncertain, GameStop's operational turnaround and debt-for-equity swap have improved its financial flexibility and balance sheet strength.
The Commodity Futures Trading Commission (CFTC) has issued an emergency order requiring prediction market Kalshi to continue operations despite a lawsuit from New York accusing it of illegal gambling. This federal intervention escalates a jurisdictio...
GameStop CEO Ryan Cohen is reconsidering his $56 billion bid to acquire eBay after lukewarm reactions from Wall Street. Instead, he is exploring a partnership that would give eBay access to GameStop’s 1,600 US stores, aiming to expand in trading card...
GameStop CEO Ryan Cohen is considering withdrawing the $56 billion bid to acquire eBay and instead proposing a partnership or joint venture. This move aims to leverage GameStop's 1,600 U.S. stores to enhance both companies' market share in high-margi...
GameStop is reconsidering its $56 billion acquisition offer for eBay and exploring alternatives like partnerships or joint ventures, amid a 28% drop in its shares since May. Apple will raise the price of its 256GB iPhone 18 Pro by about 38% in Q3 due...
