Welcome back to “Money Drama,” where our host Stock Will guides you through all the ups and downs, twists and turns, of last week’s markets.
In a fresh episode, Stock Will talks about how GameStop shares fell by a whopping 33% earlier this week, after the company decided to blow up its current business model (brick-and-mortar sales) and pivot to e-commerce.
In Stock Will’s opinion, the switch to an e-commerce biz is likely a result of the company seeing a 175% jump in digital sales last quarter. Plus, the company now has the former CEO of Chewy (a full e-commerce business) on its board of directors, which might have sparked additional pressure to make the jump to e-commerce.
What do you think about GameStop’s new business model, and will it help the brand? Will we even miss the physical stores? And more importantly, how will the future of $GME stock be affected by this move? We have some ideas....
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