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Topline
GameStop shares cratered Thursday after the company disclosed yet another quarter of staggering losses and announced the termination of its CEO—adding to the retail stock’s ongoing stock slide, as its meme glory days fade further into the rearview mirror.
Key Facts
Gamestop stock crashed as much as 23% to $20.10 in early trading after the company reported a $50.5 million loss for the first three months of 2023, as well as a 10% year-over-year dip in sales.
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