GME Stock Outlook: GameStop Risks Becoming the Next Blockbuster

InvestorPlace2023-04-20

GameStop (GME) has held onto its post-earnings gains, but this makes little sense.Why? The story has changed for the worse, not the better, for the video game retailer.Until management makes a big ...

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Comments

michaelchan8
2023-04-21
michaelchan8
Ask yourself why media keep spinning stories to get people to avoid and sell GME but not bank stocks. They are clearly scare that more and more people are starting to see through their lies. Gamers will know that we are on the right track when you encounter more and more 'enemies' spinning fud on your way to beat the boss.
- keane3921:
  Gd
- sailors:
  good
- bernardtayet:
  OK
- LunaticETF:
  [OK]
- dllt:
  K
BotakGuy
2023-04-20
BotakGuy
So no longer going to the moon ?

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The story has changed for the worse, not the better, for the video game retailer.Until management makes a big ...</p>\n\n<a href=\"https://investorplace.com/2023/04/gme-stock-just-upped-the-ante-to-ending-up-like-blockbuster/\">Source Link</a>\n\n</div>\n","source":"investorplace","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GME Stock Outlook: GameStop Risks Becoming the Next Blockbuster</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGME Stock Outlook: GameStop Risks Becoming the Next Blockbuster\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-20 14:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/04/gme-stock-just-upped-the-ante-to-ending-up-like-blockbuster/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) has held onto its post-earnings gains, but this makes little sense.Why? The story has changed for the worse, not the better, for the video game retailer.Until management makes a big ...</p>\n\n<a href=\"https://investorplace.com/2023/04/gme-stock-just-upped-the-ante-to-ending-up-like-blockbuster/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://investorplace.com/2023/04/gme-stock-just-upped-the-ante-to-ending-up-like-blockbuster/","article_id":"1104585888","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104585888","pubTimestamp":1681970479,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"GameStop (GME) has held onto its post-earnings gains, but this makes little sense.Why? 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While well-received, the company’s latest fiscal results, and the main driver of its stock, may signal the beginning of the end for GameStop.I’ll admit that making such a statement sounds absurd, given that the company has around $1.4 billion in cash, and the stock manages to hold onto some semblance of its past meme popularity.Still, taking a closer look at the details, it’s difficult not to be bearish about GME’s long-term prospects.GME Stock: 2 Negative Takeaways from EarningsEarlier this month, I discussed GameStop and its latest quarterly earnings report. In the article, I detailed how GME’s management, after failing to find success with its e-commerce and non-fungible token (or NFT) endeavors, has instead decided to focus mostly on maximizing the profitability of its bricks-and-mortar locations.Thanks to aggressive cost-cutting, along with strong demand for video game hardware, GameStop was able to report positive earnings for the quarter, after several consecutive quarters of losses. Don’t get me wrong, improved profitability from cost reductions are just as legitimate as improved profitability from factors such as organic growth.However, in the case of GME stock, it makes little sense that this has resulted in a more than 26% increase in the company’s valuation since the earnings release. The reasons for this are twofold. The first reason I argued strongly in my last article: by putting its “digital transformation” on hold, it makes even less sense that GME’s split-adjusted stock price remains well above pre-meme and pre-pandemic levels.The second reason I touched on, but will go into further detail below: GameStop’s strategy shift potentially makes it the “new Blockbuster,” which goes without saying, is not a good moniker to attain.History Repeating Itself?As many may know, GameStop Chairman Ryan Cohen draws a lot of his investing philosophy from activist investing legend Carl Icahn. Cohen’s activism with this company, along with campaigns with several other high-profile companies, clearly puts him on track to be the activist investing “icon” of his generation.However, besides the irony of his activist investing idol holding a short position in GME stock, there’s another interesting aspect to the whole “Cohen as Icahn” angle. Back in 2005, Carl Icahn mounted an activist investing campaign at Blockbuster, which at the time was a profitable, albeit declining enterprise.Icahn took control of Blockbuster’s board in a proxy fight, and pushed for actions that would maximize profitability in the near-term, yet resulted in the company essentially letting Netflix (NASDAQ: NFLX) dominate the DVDs-by-mail business. As a result, Blockbuster filed for bankruptcy in 2010, and Netflix of course went on to become a streaming powerhouse.Much like Blockbuster, GameStop may be threatening its future by de-emphasizing its digital transformation. With his e-commerce background, Cohen is less likely to make the same mistake with GME as Icahn did with Blockbuster, but he needs to make a big move, fast.Bottom LineAs physical console games become an increasingly niche product, GameStop is in a similar battle against time as Blockbuster was in the 2000s. At present, this company is able to generate positive earnings from the sale of physical game consoles and from novelty merchandise, yet this may not be sustainable.Again, under Cohen’s control, GME has the potential to prevent GameStop from experiencing a Blockbuster-esque fate. The company could put some of its aforementioned cash position to good use, through acquisitions rather than through risky organic growth initiatives.With its still-inflated valuation, GameStock could even make a cash and stock bid for a more profitable company in a similar industry. This at the very least could help minimize further losses for shares.For now, though, GME stock is veering towards an ultimate “game over” moment. Until management makes a big move to secure its future, stay away.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9944469588,"gmtCreate":1682029157645,"gmtModify":1682029161967,"author":{"id":"3585361413732704","authorId":"3585361413732704","name":"michaelchan8","avatar":"https://community-static.tradeup.com/news/6fc3165fdf6e1ba1ae2afd05cb876b1d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3585361413732704","idStr":"3585361413732704"},"htmlText":"Ask yourself why media keep spinning stories to get people to avoid and sell&nbsp;GME but not bank stocks. They are clearly scare that more and more people are starting to see through their lies. Gamers will know that we are on the right track when you encounter more and more 'enemies' spinning fud on your way to beat the boss.","listText":"Ask yourself why media keep spinning stories to get people to avoid and sell&nbsp;GME but not bank stocks. They are clearly scare that more and more people are starting to see through their lies. Gamers will know that we are on the right track when you encounter more and more 'enemies' spinning fud on your way to beat the boss.","text":"Ask yourself why media keep spinning stories to get people to avoid and sell GME but not bank stocks. They are clearly scare that more and more people are starting to see through their lies. Gamers will know that we are on the right track when you encounter more and more 'enemies' spinning fud on your way to beat the boss.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":16,"commentSize":11,"repostSize":0,"link":"https://ttm.financial/post/9944469588","repostId":1104585888,"repostType":2,"repost":{"id":"1104585888","pubTimestamp":1681970479,"share":"https://ttm.financial/m/news/1104585888?lang=&edition=fundamental","pubTime":"2023-04-20 14:01","market":"us","language":"en","title":"GME Stock Outlook: GameStop Risks Becoming the Next Blockbuster","url":"https://stock-news.laohu8.com/highlight/detail?id=1104585888","media":"InvestorPlace","summary":"GameStop (GME) has held onto its post-earnings gains, but this makes little sense.Why? The story has","content":"<html><head></head><body><ul><li><p><strong>GameStop</strong> (<strong><u>GME</u></strong>) has held onto its post-earnings gains, but this makes little sense.</p></li><li><p>Why? The story has changed for the worse, not the better, for the video game retailer.</p></li><li><p>Until management makes a big move to secure its future, GME stock is veering towards a ‘game over’ moment.</p></li></ul><p>After spiking following <strong>GameStop’s</strong> (NYSE: <strong><u>GME</u></strong>) latest quarterly earnings release on March 21, GME stock has held steady in the low-$20s per share. Managing not to cough back its most recent gains just yet, some may believe that shares in the video game retailer have the potential to rise further from here.</p><p style=\"text-align: start;\">But while another “meme wave” could emerge out of left field, it may be a mistake to make this assumption. Why? While well-received, the company’s latest fiscal results, and the main driver of its stock, may signal the beginning of the end for GameStop.</p><p style=\"text-align: start;\">I’ll admit that making such a statement sounds absurd, given that the company has around $1.4 billion in cash, and the stock manages to hold onto some semblance of its past meme popularity.</p><p style=\"text-align: start;\">Still, taking a closer look at the details, it’s difficult not to be bearish about GME’s long-term prospects.</p><h2 style=\"text-align: start;\">GME Stock: 2 Negative Takeaways from Earnings</h2><p style=\"text-align: start;\">Earlier this month, I discussed GameStop and its latest quarterly earnings report. In the article, I detailed how GME’s management, after failing to find success with its e-commerce and non-fungible token (or NFT) endeavors, has instead decided to focus mostly on maximizing the profitability of its bricks-and-mortar locations.</p><p style=\"text-align: start;\">Thanks to aggressive cost-cutting, along with strong demand for video game hardware, GameStop was able to report positive earnings for the quarter, after several consecutive quarters of losses. Don’t get me wrong, improved profitability from cost reductions are just as legitimate as improved profitability from factors such as organic growth.</p><p style=\"text-align: start;\">However, in the case of GME stock, it makes little sense that this has resulted in a more than 26% increase in the company’s valuation since the earnings release. The reasons for this are twofold. The first reason I argued strongly in my last article: by putting its “digital transformation” on hold, it makes even less sense that GME’s split-adjusted stock price remains well above pre-meme and pre-pandemic levels.</p><p style=\"text-align: start;\">The second reason I touched on, but will go into further detail below: GameStop’s strategy shift potentially makes it the “new Blockbuster,” which goes without saying, is not a good moniker to attain.</p><h2 style=\"text-align: start;\">History Repeating Itself?</h2><p style=\"text-align: start;\">As many may know, GameStop Chairman Ryan Cohen draws a lot of his investing philosophy from activist investing legend Carl Icahn. Cohen’s activism with this company, along with campaigns with several other high-profile companies, clearly puts him on track to be the activist investing “icon” of his generation.</p><p style=\"text-align: start;\">However, besides the irony of his activist investing idol holding a short position in GME stock, there’s another interesting aspect to the whole “Cohen as Icahn” angle. Back in 2005, Carl Icahn mounted an activist investing campaign at Blockbuster, which at the time was a profitable, albeit declining enterprise.</p><p style=\"text-align: start;\">Icahn took control of Blockbuster’s board in a proxy fight, and pushed for actions that would maximize profitability in the near-term, yet resulted in the company essentially letting <strong>Netflix</strong> (NASDAQ: <strong><u>NFLX</u></strong>) dominate the DVDs-by-mail business. As a result, Blockbuster filed for bankruptcy in 2010, and Netflix of course went on to become a streaming powerhouse.</p><p style=\"text-align: start;\">Much like Blockbuster, GameStop may be threatening its future by de-emphasizing its digital transformation. With his e-commerce background, Cohen is less likely to make the same mistake with GME as Icahn did with Blockbuster, but he needs to make a big move, fast.</p><h2 style=\"text-align: start;\">Bottom Line</h2><p style=\"text-align: start;\">As physical console games become an increasingly niche product, GameStop is in a similar battle against time as Blockbuster was in the 2000s. At present, this company is able to generate positive earnings from the sale of physical game consoles and from novelty merchandise, yet this may not be sustainable.</p><p style=\"text-align: start;\">Again, under Cohen’s control, GME has the potential to prevent GameStop from experiencing a Blockbuster-esque fate. The company could put some of its aforementioned cash position to good use, through acquisitions rather than through risky organic growth initiatives.</p><p style=\"text-align: start;\">With its still-inflated valuation, GameStock could even make a cash and stock bid for a more profitable company in a similar industry. This at the very least could help minimize further losses for shares.</p><p style=\"text-align: start;\">For now, though, GME stock is veering towards an ultimate “game over” moment. Until management makes a big move to secure its future, stay away.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GME Stock Outlook: GameStop Risks Becoming the Next Blockbuster</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGME Stock Outlook: GameStop Risks Becoming the Next Blockbuster\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-20 14:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/04/gme-stock-just-upped-the-ante-to-ending-up-like-blockbuster/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) has held onto its post-earnings gains, but this makes little sense.Why? The story has changed for the worse, not the better, for the video game retailer.Until management makes a big ...</p>\n\n<a href=\"https://investorplace.com/2023/04/gme-stock-just-upped-the-ante-to-ending-up-like-blockbuster/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2023/04/gme-stock-just-upped-the-ante-to-ending-up-like-blockbuster/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104585888","content_text":"GameStop (GME) has held onto its post-earnings gains, but this makes little sense.Why? The story has changed for the worse, not the better, for the video game retailer.Until management makes a big move to secure its future, GME stock is veering towards a ‘game over’ moment.After spiking following GameStop’s (NYSE: GME) latest quarterly earnings release on March 21, GME stock has held steady in the low-$20s per share. Managing not to cough back its most recent gains just yet, some may believe that shares in the video game retailer have the potential to rise further from here.But while another “meme wave” could emerge out of left field, it may be a mistake to make this assumption. Why? While well-received, the company’s latest fiscal results, and the main driver of its stock, may signal the beginning of the end for GameStop.I’ll admit that making such a statement sounds absurd, given that the company has around $1.4 billion in cash, and the stock manages to hold onto some semblance of its past meme popularity.Still, taking a closer look at the details, it’s difficult not to be bearish about GME’s long-term prospects.GME Stock: 2 Negative Takeaways from EarningsEarlier this month, I discussed GameStop and its latest quarterly earnings report. In the article, I detailed how GME’s management, after failing to find success with its e-commerce and non-fungible token (or NFT) endeavors, has instead decided to focus mostly on maximizing the profitability of its bricks-and-mortar locations.Thanks to aggressive cost-cutting, along with strong demand for video game hardware, GameStop was able to report positive earnings for the quarter, after several consecutive quarters of losses. Don’t get me wrong, improved profitability from cost reductions are just as legitimate as improved profitability from factors such as organic growth.However, in the case of GME stock, it makes little sense that this has resulted in a more than 26% increase in the company’s valuation since the earnings release. The reasons for this are twofold. The first reason I argued strongly in my last article: by putting its “digital transformation” on hold, it makes even less sense that GME’s split-adjusted stock price remains well above pre-meme and pre-pandemic levels.The second reason I touched on, but will go into further detail below: GameStop’s strategy shift potentially makes it the “new Blockbuster,” which goes without saying, is not a good moniker to attain.History Repeating Itself?As many may know, GameStop Chairman Ryan Cohen draws a lot of his investing philosophy from activist investing legend Carl Icahn. Cohen’s activism with this company, along with campaigns with several other high-profile companies, clearly puts him on track to be the activist investing “icon” of his generation.However, besides the irony of his activist investing idol holding a short position in GME stock, there’s another interesting aspect to the whole “Cohen as Icahn” angle. Back in 2005, Carl Icahn mounted an activist investing campaign at Blockbuster, which at the time was a profitable, albeit declining enterprise.Icahn took control of Blockbuster’s board in a proxy fight, and pushed for actions that would maximize profitability in the near-term, yet resulted in the company essentially letting Netflix (NASDAQ: NFLX) dominate the DVDs-by-mail business. As a result, Blockbuster filed for bankruptcy in 2010, and Netflix of course went on to become a streaming powerhouse.Much like Blockbuster, GameStop may be threatening its future by de-emphasizing its digital transformation. With his e-commerce background, Cohen is less likely to make the same mistake with GME as Icahn did with Blockbuster, but he needs to make a big move, fast.Bottom LineAs physical console games become an increasingly niche product, GameStop is in a similar battle against time as Blockbuster was in the 2000s. At present, this company is able to generate positive earnings from the sale of physical game consoles and from novelty merchandise, yet this may not be sustainable.Again, under Cohen’s control, GME has the potential to prevent GameStop from experiencing a Blockbuster-esque fate. The company could put some of its aforementioned cash position to good use, through acquisitions rather than through risky organic growth initiatives.With its still-inflated valuation, GameStock could even make a cash and stock bid for a more profitable company in a similar industry. This at the very least could help minimize further losses for shares.For now, though, GME stock is veering towards an ultimate “game over” moment. 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