{"id":176915,"date":"2021-01-26T01:24:53","date_gmt":"2021-01-26T01:24:53","guid":{"rendered":"https:\/\/gamerant.com\/redditor-makes-11-million-dollars-gamestop-stock-surge\/"},"modified":"2021-01-26T01:24:53","modified_gmt":"2021-01-26T01:24:53","slug":"redditor-claims-to-have-made-11-million-on-gamestop-stock-surge","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/01\/26\/redditor-claims-to-have-made-11-million-on-gamestop-stock-surge\/","title":{"rendered":"Redditor Claims to Have Made $11 Million on GameStop Stock Surge"},"content":{"rendered":"

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For years now, gamers have watched\u00a0GameStop<\/strong>\u00a0(GME)\u00a0<\/strong>warily, waiting for what seemed like an inevitable burnout. Even with the last generation of consoles, onlookers assumed the world of gaming would become fully digital before long, but this most recent generation of consoles still offers disc drives<\/a>. To the surprise of many, GME’s stock has actually been rising steadily.<\/p>\n

Controversy throughout the initial phases of lockdown initially saw GameStop<\/a>‘s stock plummeting, but things really turned around for the retailer in October of 2020. Since then, stock prices have been either steadily rising, increasing at a rapid pace, and sometimes even experiencing sudden and unexpected spikes.<\/p>\n

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In October of 2020, GameStop signed a deal with Microsoft<\/a> seeking to benefit mutually from the partnership. GameStop would use Microsoft technology in its stores, and in return the company would also offer Xbox All Access and other Xbox bundles. Since then, GameStop’s stock has been looking good, and a recent spike caused it to get even better.<\/p>\n