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GameStop
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas (a suburb of Dallas), and is the largest video game retailer worldwide. , the company operates 4,573 stores including 3,018 in the United States, 231 in Canada, 417 in Australia and 907 in Europe under the GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek and Zing Pop Culture brands. The company was founded in Dallas in 1984 as Babbage's, and took on its current name in 1999. The company's performance declined during the mid-to-late 2010s due to the shift of video game sales to online shopping and failed investments by GameStop in smartphone retail. In 2021, the company's stock price skyrocketed due to a short squeeze orchestrated by users of the Internet forum r/wallstreetbets. The company received significant media attention during January and February 2021 due to the volatility of its stock price and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GameStop Short Squeeze
In January 2021, a short squeeze of the stock of the American video game retailer GameStop () and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further. The short squeeze was initially and primarily triggered by users of the subreddit r/wallstreetbets, an Internet forum on the social news website Reddit, although a number of hedge funds also participated. At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$500 per share ($125 split-adjusted), nearly 30 times the $17.25 valuation at the beginning of the month. The price of many other heavily shorted securities and cryptocurrencies also increased. On January 28, some brokerages, particularly app-based brokerag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
R/wallstreetbets
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful and profane jargon, aggressive trading strategies, and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellers in a few days in early 2021. The community is run by u/OPINION_IS_UNPOPULAR, who has moderated the community for over 9 years. Overview The subreddit, describing itself through the tagline "Like 4chan found a Bloomberg terminal", is known for its aggressive trading strategies, which primarily revolve around highly speculative, leveraged options trading. Members of the subreddit are often young retail traders and investors who ignore fundamental investment practices and risk management techniques, so their activities are often considered gambling. The growing popularity of no-commission brokers and mobile online trading has potentially contributed to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ryan Cohen
Ryan Cohen (born 1985 or 1986) is a Canadian entrepreneur and activist investor. He founded e-commerce company Chewy in 2011, and was the company's CEO until 2018. Cohen is currently the chairman of GameStop. Early life Cohen was born to a Jewish family in Montreal. He never attended college, citing his father, who ran a glassware company, as his primary inspiration in pursuing an entrepreneurial route. His father died in December 2019. Career At the age of 15, Cohen started his first business collecting fees off referrals to various e-commerce sites. In 2011, at the age of 25, Cohen founded Chewy under its original name of MrChewy. Cohen says his inspiration for picking the pet category came from his experience shopping for his poodle Tylee. He cites his father Ted, who ran a glassware importing business, as a mentor. In need of capital, Cohen says he originally approached over 100 venture capital firms and was rejected by all of them. In 2013, Cohen secured the company's fir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EB Games
EB Games (formerly known as Electronics Boutique and EB World) is an American computer and video games retailer. First established as an American company in 1977 by James Kim with a single electronics-focused location in the King of Prussia mall near Philadelphia, the company has grown into an international corporation. EB Games's parent corporation, GameStop, has its headquarters in Grapevine, Texas, a suburb of Dallas. When Electronics Boutique was an independent company, its headquarters was in West Goshen Township, Pennsylvania, near West Chester. The EB Games brand still operates in Australia and New Zealand. GameStop also operates certain stores under the EBX brand. History Originally, the operation mainly sold calculators and digital watches. Between 1977 and the mid-1990s, the company expanded to (and later stopped) selling computers, software, and other related items (according to the EB Games employee handbook). Electronics Boutique also operated stores under the na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geeknet
Geeknet, Inc. is a Fairfax County, Virginia–based company that is a subsidiary of GameStop. The company was formerly known as VA Research, VA Linux Systems, VA Software, and SourceForge, Inc. History VA Research VA Research was founded in November 1993 by Stanford University graduate student Larry Augustin and James Vera. Augustin was a Stanford colleague of Jerry Yang and David Filo, the founders of Yahoo!. VA Research was one of the first vendors to build and sell personal computer systems installed with the Linux operating system, as an alternative to more expensive Unix workstations that were available at the time. During its initial years of operation, the business was profitable and grew quickly, with over $100 million in sales and a 10% profit margin in 1998. It was the largest vendor of pre-installed Linux computers, with approximately 20% of the Linux hardware market. In October 1998, the company received investments of $5.4 million from Intel and Sequoia Capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ThinkGeek
ThinkGeek was an American retailer that catered to computer enthusiasts and "geek culture". Described as a " Sharper Image for sysadmins", their merchandise has been likened to "toys for adults, novelties designed to appeal to both your inner child and your inner grad student."Honan, Matthew (September 27, 2010)"Inside ThinkGeek, Where Mythical Meat Can Make Millions" ''Wired''. These include clothing, electronic and scientific gadgets, unusual computer peripherals, office toys, pet toys, child toys, and caffeinated drinks and candy. ThinkGeek was founded in 1999, was based in Fairfax, Virginia, and is owned by Geeknet, a subsidiary of GameStop. History ThinkGeek was founded in 1999, and originally based in downtown McLean, Virginia. The company was founded by Jen Frazier, Jon Sime, Scott Smith, and Willie Vadnais, all of whom were running a small Internet startup at the time, with ThinkGeek initially starting as a side project. The website's official launch date was August 13, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EB Games Australia
EB Games Australia (originally Electronics Boutique) is an Australian video game, consumer electronics, and gaming merchandise retailer. EB Games mainly sells video games, consoles, and accessories for Nintendo, PC, PlayStation and Xbox systems as well as merchandise related to pop culture/gaming. The company operates 375 stores in Australia and 41 stores in New Zealand. These stores operate under the EB Games and Zing Pop Culture brands. EB Games' headquarters is located in Eagle Farm, Queensland (a suburb of Brisbane). The company is a subsidiary of GameStop. History Early years The first Electronics Boutique store opened in 1977 selling digital watches, calculators and small radios. The store was located in the King of Prussia Plaza in King of Prussia, Pennsylvania, a westerly suburb of Philadelphia, United States. Australian operations commenced in 1997 with the opening of the Westfield Miranda Electronics Boutique store. New Zealand operations commenced in 2000 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grapevine, Texas
Grapevine is a city and suburb of Dallas and Fort Worth located in northeast Tarrant County, Texas, United States, with minor portions extending into Dallas County and Denton County. The city is located in the Mid-Cities suburban region between Dallas and Fort Worth and includes a larger portion of Dallas/Fort Worth International Airport than other cities. The city is adjacent to Grapevine Lake, a large reservoir impounded by the Army Corps of Engineers in 1952 that serves as a source of water and recreational area. History In October 1843, General Sam Houston and fellow Republic of Texas Commissioners camped at Tah-Wah-Karro Creek, also known as Grape Vine Springs, to meet with leaders of 10 Indian nations. This meeting culminated in the signing of a treaty of "peace, friendship, and commerce," which opened the area for homesteaders. The settlement that emerged was named Grape Vine due to its location on the appropriately-named Grape Vine Prairie near Grape Vine Springs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Game Informer
''Game Informer'' (''GI'', most often stylized ''gameinformer'' from the 2010s onward) is an American monthly video game magazine featuring articles, news, strategy, and reviews of video games and associated consoles. It debuted in August 1991 when video game retailer FuncoLand started publishing an in-house newsletter."10 Years of ''Game Informer''" (August 2001). ''Game Informer'', p. 42. "In August 1991, FuncoLand began publishing a six-page circular to be handed out free in all of its retail locations." The publication is now owned and published by GameStop, who bought FuncoLand in 2000. Due to this, a large amount of promotion is done in-store, which has contributed to the success of the magazine. As of June 2017, it is the 5th most popular magazine by copies circulated. Starting from the 2010s, ''Game Informer'' has transitioned to a more online-based focus. History Magazine ''Game Informer'' debuted in August 1991 as a six-page magazine. It was published every two m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of S&P 400 Companies
This is a list of companies having stocks that are included in the S&P MidCap 400 ( S&P 400) stock market index. The index, maintained by S&P Dow Jones Indices S&P Dow Jones Indices LLC () is a joint venture between S&P Global, the CME Group, and News Corp that was announced in 2011 and later launched in 2012. It produces, maintains, licenses, and markets stock market indices as benchmarks and as th ..., comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index contains 401 stocks because it includes two share classes of stock from 1 of its component companies. __TOC__ S&P 400 MidCap Index Component Stocks Selected past and announced changes to the list of S&P 400 components S&P Dow Jones Indices updates the components of the S&P 400 periodically, typically in response to acquisitions, or to keep the index up to date as various companies grow or shrink in value. See also * List of S&P 500 companies * List of S&P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Insider
''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. , it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but is criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. In February 2021, the brand was renamed simply ''Insider''. History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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