Wednesday, June 5, 2019

The video game sales slump is killing GameStop

CNN Business
GameStop is in the wrong line of the business at the wrong time: It's selling physical video games and consoles in brick-and-mortar stores at a time when people are downloading and streaming games from the internet.

The company's first-quarter sales fell 13%, and GameStop announced Tuesday evening it would no longer pay investors a quarterly dividend. GameStop's stock fell 36% Wednesday. . . . more

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