GameStop Just Made $500 Million Thanks To The Reddit Drama

Video game retailer GameStop has completed its plan to sell 3.5 million shares to generate funds to help accelerate its transformation to become a successful company. GameStop has now sold those shares and the market value of them brought in about $551 million.

As announced previously, this money will be used to help with GameStop’s transformation efforts and for “general corporate purposes and further strengthening the company’s balance sheet.”

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Author: Eddie Makuch