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GameStop’s unanswered questions as earnings report nears

GameStop, the original meme stock, is set to release earnings on Wednesday.

GameStop stock is up an absurd 5,948% from a year ago to a recent $300
GameStop stock is up an absurd 5,948% from a year ago to a recent $300 Photo: Getty Images

It’s been nearly six months since GameStop kicked off a broader revolution among retail investors that’s sent shares of out-of-favor companies soaring. But investors are still mostly in the dark regarding efforts to turn the videogame retailer around.

After playing second fiddle to the likes of AMC Entertainment Holdings, Clover Health Investments, and BlackBerry, the original meme stock is back in the spotlight. GameStop is set to release its second quarterly earnings report since January’s mayhem on Wednesday after the market close. In the time since, the videogame retailer has announced several new hires with e-commerce and customer care expertise and posted a hiring call for a project involving non-fungible tokens, or NFTs.

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