Business and Finance
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Business and Finance
Source: (remove) : Fortune
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Thu, March 27, 2025
[ Yesterday Afternoon ] - Fortune
GameStop stock slides 23% after announcing strate .. ft and plans to buy $1.3 billion worth of Bitcoin
[ Yesterday Afternoon ] - Fortune
Most Americans have one life insurance policy. Wh .. coming SEC chair Paul Atkins and his wife own 54?
Wed, March 26, 2025
[ Last Wednesday ] - Fortune
Whitney Wolfe Herd is back as Bumble's CEO, says .. is turning the dating app into the 'Love Company'
[ Last Wednesday ] - Fortune
Experts warn Americans' pessimism about business .. l that typically indicates an impending recession
[ Last Wednesday ] - Fortune
Experts say Americans are so pessimistic about bu .. threshold that usually signals a recession ahead'
Tue, March 25, 2025
[ Last Tuesday ] - Fortune
Exclusive: BlackRock expands blockchain-based mon .. rket to Solana, in tie-up with startup Securitize
[ Last Tuesday ] - Fortune
Tesla analyst says CEO Elon Musk is 'back in char .. , and investors are rewarding the company's stock
[ Last Tuesday ] - Fortune
AI improves both individual and team performance, .. s. Will companies draw the right lessons from it?
Mon, March 24, 2025
[ Last Monday ] - Fortune
Donald Trump's crypto business launched a dollar coin called USD1: What we know so far
[ Last Monday ] - Fortune
Malaysia is reportedly tracking the flow of Nvidi .. east Asian country after pressure from Washington
Sat, March 22, 2025
[ Last Saturday ] - Fortune
Fired by Elon Musk's DOGE, then reinstated by a j .. thousands of federal workers are living in limbo
Fri, March 21, 2025
[ Fri, Mar 21st ] - Fortune
DOGE's plans for social security are back door wa .. is the most serious threat I've ever seen to it'
[ Fri, Mar 21st ] - Fortune
Elaine Chao on the Trump Administration: 'What yo .. want is certainty and you're not going to get it'
Thu, March 20, 2025
[ Thu, Mar 20th ] - Fortune
A mother suing Google and a chatbot site over her .. ide found AI versions of her late son on the site
[ Thu, Mar 20th ] - Fortune
Mistral AI CEO denies IPO plans, touts renewed fo .. n open source to best deeper-pocketed competitors
[ Thu, Mar 20th ] - Fortune
Exclusive: Walrus Foundation raises $140 million .. Crypto and a16z for a high speed storage network
Wed, March 19, 2025
[ Wed, Mar 19th ] - Fortune
Trump's tariffs and policies are putting America' .. nomy at risk: Consumer Technology Association CEO
Tue, March 18, 2025
[ Tue, Mar 18th ] - Fortune
Melinda French Gates says billionaires aren't 'a .. need to be on stage touting their accomplishments
[ Tue, Mar 18th ] - Fortune
Bill Gates says Satya Nadella was 'almost' passed over for Microsoft CEO role
[ Tue, Mar 18th ] - Fortune
Wall Street sell-off is actually being caused by .. ectations vs reality, says JPMorgan strategy boss
Sun, March 16, 2025
[ Sun, Mar 16th ] - Fortune
Rheinmetall's stock has soared over 1,000%, and t .. es growth 'that we have never experienced before'
[ Sun, Mar 16th ] - Fortune
Families are being paid $5,000 to move to small t .. and escape a cost of living crisis in big cities
Sat, March 15, 2025
[ Sat, Mar 15th ] - Fortune
U.S. crypto czar's $200 million portfolio held Bitcoin, Coinbase, and Robinhood
Fri, March 14, 2025
[ Fri, Mar 14th ] - Fortune
Hostage training and hours of pre-trip preparatio .. the terrifying new reality of traveling for work
[ Fri, Mar 14th ] - Fortune
Publicis New York CEO Carla Serrano and the downside of Trump's war against all
Thu, March 13, 2025
[ Thu, Mar 13th ] - Fortune
Roomba creator iRobot was once courted by Amazon .. cuum revolution. Now, it might go out of business
Wed, March 12, 2025
[ Wed, Mar 12th ] - Fortune
Companies that want to hire workers with AI skills need to focus on this 3-part strategy
[ Wed, Mar 12th ] - Fortune
Technologist at 107-year-old company warns about overspending on AI: 'People can get carried away'
[ Wed, Mar 12th ] - Fortune
CEOs are turning to AI for business advice and th .. y trust it even more than their friends and peers
Tue, March 11, 2025
[ Tue, Mar 11th ] - Fortune
Kohl's had an even worse quarter than Wall Street .. 0% in the aftermath of layoffs and store closures
[ Tue, Mar 11th ] - Fortune
The Fortune500 gains another female CEO next mont .. sks in her inbox range from tariffs to wild fires
[ Tue, Mar 11th ] - Fortune
Prologis CEO on the chaos and opportunity of tariffs: 'I don't like to make our money that way'
[ Tue, Mar 11th ] - Fortune
Layoff anxiety has pushed employee confidence to the worst rock bottom in nearly a decade
[ Tue, Mar 11th ] - Fortune
Skyrocketing CEO pay can lead to huge corporate culture problems and whistleblowing employees
Mon, March 10, 2025
[ Mon, Mar 10th ] - Fortune
Mark Carney: Financier, banker, and Canada's new prime minister
[ Mon, Mar 10th ] - Fortune
Stock market implodes as Trump tariffs and recession nightmares spook investors
[ Mon, Mar 10th ] - Fortune
Here's why the CEOs of major retailers like Walma .. re sounding so calm about Trump's tariff standoff
[ Mon, Mar 10th ] - Fortune
Former Twitch's CEO words of warning to Gen Z int .. r are 'mostly a trap' and money is a 'constraint'
[ Mon, Mar 10th ] - Fortune
The California crisis in homeowners insurance has only one real solution
[ Mon, Mar 10th ] - Fortune
Inflation sticker shock is making Gen Z ditch doom spending and revenge travel once and for all
[ Mon, Mar 10th ] - Fortune
'Corporate social responsibility' is a flawed con .. What we really need is 'corporate accountability'
[ Mon, Mar 10th ] - Fortune
ServiceNow buys AI agent company Moveworks for $2.85 billion
[ Mon, Mar 10th ] - Fortune
AI agents are carving out an important role in the workplace, says Workday's CFO
[ Mon, Mar 10th ] - Fortune
Mark Carney: Financier, banker, and Canada's new premier
Sun, March 9, 2025
[ Sun, Mar 09th ] - Fortune
Why jeweler Kendra Scott is winning affordable lu .. open dozens of stores while others are downsizing
Fri, March 7, 2025
[ Fri, Mar 07th ] - Fortune
'I've never seen anything like this': One startup .. on rhetoric to get an enforcement action reversed
[ Fri, Mar 07th ] - Fortune
How many jobs will AI eliminate? Nobody really knows, and here's why
[ Fri, Mar 07th ] - Fortune
The rise of cursing CEOs and what it means for business
[ Fri, Mar 07th ] - Fortune
Another Tesla insider is selling shares as carmaker's CFO joins board chair in unloading stock
[ Fri, Mar 07th ] - Fortune
The internet revolution transformed real estate a .. rty powerhouse. AI will shake things up even more
[ Fri, Mar 07th ] - Fortune
CEO of $4.2 billion tech giant says defying Mark .. ngs' mantra was essential to growing his business
Thu, March 6, 2025
[ Thu, Mar 06th ] - Fortune
Is Saudi Arabia the next China or India? See for yourself
Wed, March 5, 2025
[ Wed, Mar 05th ] - Fortune
Agentic AI is suddenly everywhere. Here's how com .. s are evaluating and using these buzzy tech tools
[ Wed, Mar 05th ] - Fortune
Deloitte is tracking office attendance to decided bonuses for some staff
[ Wed, Mar 05th ] - Fortune
RGA and Equitable pen $32 billion reinsurance dea .. uture earnings as Wall Street issues hold ratings
Tue, March 4, 2025
[ Tue, Mar 04th ] - Fortune
Elon Musk is 'the investor of our age' and won't .. e distracted by DOGE, Tesla bull Cathie Wood says
[ Tue, Mar 04th ] - Fortune
Target CEO joins swarm of Fortune 500 executives .. as Trump's tariff fallout hits the grocery aisle
Mon, March 3, 2025
[ Mon, Mar 03rd ] - Fortune
How Republicans plan to use 'weird accounting' to pass $4 trillion in tax cuts
[ Mon, Mar 03rd ] - Fortune
Fortune - Fortune 500 Daily & Breaking Business News | Fortune
[ Mon, Mar 03rd ] - Fortune
Omnicom's John Wren on why he's betting big on an IPG acquisition
Fri, February 28, 2025
[ Fri, Feb 28th ] - Fortune
Engage Gen Z today, lead the market tomorrow
Sat, February 22, 2025
[ Sat, Feb 22nd ] - Fortune
Buffett says Berkshire 'will forever' deploy most .. uities and never prefer cash over good businesses
Fri, February 21, 2025
[ Fri, Feb 21st ] - Fortune
What if AI creates more jobs than it destroys?
[ Fri, Feb 21st ] - Fortune
Starbucks hoped mobile orders and the drive-throu .. ss. New CEO Brian Niccol says that was a mistake.
Thu, February 20, 2025
[ Thu, Feb 20th ] - Fortune
Walmart has kept prices low during inflation and raised pay for managers. Investors aren't happy
[ Thu, Feb 20th ] - Fortune
Companies that ax their DEI programs now could de .. ation for years to come, according to a new study
[ Thu, Feb 20th ] - Fortune
CEOs unhappy with Trump on Ukraine
[ Thu, Feb 20th ] - Fortune
Sin City showdown: Capital One's Las Vegas airport lounge ups the ante
[ Thu, Feb 20th ] - Fortune
Paying off debt with debt: How a balance transfer will save me over $1,000
Wed, February 19, 2025
[ Wed, Feb 19th ] - Fortune
Not just Alibaba's Jack Ma: Who's who at the summ .. as a 'symbolic' end to China's crackdown on tech
[ Wed, Feb 19th ] - Fortune
Tax season 2025 scorecard: Americans are waiting longer to file and are receiving bigger refunds
Tue, February 18, 2025
[ Tue, Feb 18th ] - Fortune
Southwest to cut 15% of corporate jobs in first-ever layoffs
Thu, February 13, 2025
[ Thu, Feb 13th ] - Fortune
Netflix cooked up a new live experience for custo .. ing 'Squid Game' cocktails and a 'Bridgerton' tea
Wed, February 12, 2025
[ Wed, Feb 12th ] - Fortune
'We are a speck of dust': CEO of $80 billion Door .. ls candid take on popular delivery app's standing
Fri, February 7, 2025
[ Fri, Feb 07th ] - Fortune
Fortune 500 auto parts supplier Lear looks to slash some 15,000 jobs this year globally
Thu, February 6, 2025
[ Thu, Feb 06th ] - Fortune
A top business consultant says that Trump's trade .. forcing business leaders build 'tariff war rooms'
Tue, February 4, 2025
[ Tue, Feb 04th ] - Fortune
Home News Tech Finance Leadership Well Education Fortune 500
Mon, February 3, 2025
[ Mon, Feb 03rd ] - Fortune
How Trump's decision to fire NLRB and EEOC commissioners could change the future of the workplace
Fri, January 31, 2025
[ Fri, Jan 31st ] - Fortune
'Control of our destiny': UPS braves blowback over Amazon break
Fri, January 24, 2025
[ Fri, Jan 24th ] - Fortune
CEOs: Implementing AI without understanding this one thing could cost you
[ Fri, Jan 24th ] - Fortune
Founders: Answer these 2 questions before you say 'yes' to an investor for your startup
Mon, January 20, 2025
[ Mon, Jan 20th ] - Fortune
Meet Craig Underwood, the 82-year-old farming mil .. t until a mysterious fight destroyed the business
Thu, January 2, 2025
[ Thu, Jan 02nd ] - Fortune
How to become a financial advisor: 4 steps to a life-long career
Fri, December 27, 2024
[ Fri, Dec 27th 2024 ] - Fortune
China sanctions 7 companies over US military assistance to Taiwan
Thu, December 19, 2024
[ Thu, Dec 19th 2024 ] - Fortune
Does size matter? Comparing the classes of top MBA schools
[ Thu, Dec 19th 2024 ] - Fortune
Motown: What's going on?
Sat, December 14, 2024
[ Sat, Dec 14th 2024 ] - Fortune
Trump eyes privatizing US Postal Service, Washington Post says
Fri, December 13, 2024
[ Fri, Dec 13th 2024 ] - Fortune
Bud Light gets more bad news as popularity continues to fall
Wed, December 11, 2024
[ Wed, Dec 11th 2024 ] - Fortune
VC billionaire Marc Andreessen says half of his time goes to helping Trump at Mar-a-Lago
Mon, December 9, 2024
[ Mon, Dec 09th 2024 ] - Fortune
Barbara Corcoran says one of her best business decisions came about because of a breakup
Sat, December 7, 2024
[ Sat, Dec 07th 2024 ] - Fortune
Fortune - Fortune 500 Daily & Breaking Business News | Fortune

GameStop stock slides 23% after announcing strategy shift and plans to buy $1.3 billion worth of Bitcoin


Published on 2025-03-27 14:20:52 - Fortune
  Print publication without navigation

  • The company said Tuesday its board voted unanimously to raise $1.3 billion to purchase Bitcoin, while simultaneously closing a "significant number" of retail stores. Although the news was greeted with a 14% same-day stock bump,

GameStop's stock experienced a significant decline of 23% following the announcement of a strategic shift towards becoming a technology company, which includes plans to invest $1.3 billion in Bitcoin. This move is part of a broader transformation aimed at diversifying revenue streams beyond traditional retail. The company also reported a net loss of $3.7 million for the third quarter, despite a slight increase in sales. The decision to invest heavily in cryptocurrency reflects GameStop's attempt to adapt to new market trends and potentially capitalize on the growing interest in digital assets. However, this pivot has introduced considerable volatility in its stock price, reflecting investor uncertainty about the long-term viability of this strategy.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/gamestop-stock-slides-23-after-announcing-strategy-shift-and-plans-to-buy-1-3-billion-worth-of-bitcoin/ar-AA1BMTaM ]