![]() On the date of publication, Samuel O’Brient did not hold (either directly or indirectly) any positions in the securities mentioned in this article. InvestorPlace’s Thomas Yeung notes that “unless its management can find new growth streams,” GME stock won’t likely see a turnaround.Īt the very least, today’s performance is a good indicator that the market doesn’t care whether GameStop expands its NFT offerings. GameStop has a better chance of experiencing another short squeeze than it does of driving growth through NFTs, an investment vehicle that many investors just don’t care about anymore.Įven less encouraging is the fact that GameStop’s new business model looks dangerously like the old one that wasn’t really working before. In fact, it led to the company reporting almost $160 million in losses between March and June 2022.Įven after that, the company hasn’t quite given up on NFTs, but that doesn’t mean investors should relax. In late 2022, GameStop conceded that its plan to expand its crypto and NFT marketplace hadn’t worked. What will the launch of a new NFT collection mean for GME stock in the long run, though? The short answer is likely not much. Pack your bags and get ready to explore more of GMERICA □️ A sample of the 8-bit digital artworks can be seen in the tweet below: The same investors who remain firmly behind GameStop seem to be happy about its new NFT expansion. ![]() ![]() Even as GME stock fell today, GMERICA V2 did garner some interest. ![]()
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