What Happened? Shares of video game retailer GameStop (NYSE:GME) fell 5.2% in the afternoon session after the company reported underwhelming first-quarter 2025 results. Sales missed expectations, down a whopping 17%,

In 2021, a movement led by retail investors to rapidly buy GameStop shares caused the stock to soar, creating a short squeeze, and short sellers rushed to buy the stock to cover their positions. All this led to meteoric gains and then sharp declines for the shares.

GameStop's first-quarter revenue falls 17% due to a shift towards digital downloads, raising concerns about its retail model and future as it closes more stores.

GameStop might be increasing its Bitcoin holdings after announcing a plan to raise $1.75 billion from the sale of convertible senior notes.

GameStop's mixed technicals and overvaluation signal a sell, despite Q4 improvements hinting at a potential turnaround. Learn more on GME stock here.

Pachter said about 90% of GameStop’s stock is still owned by retail investors — non-professionals who still plumb the depths of Reddit threads for financial advice. Meanwhile the company’s stock price has dropped more than 60% from it’s 2021 peak.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Taking a closer look at GameStop, its bet on Bitcoin and billions in cash with Seeking Alpha analysts, its news team, and GME's Virtual Analyst Report.

GameStop shares drop nearly 5% after Q1 revenue misses estimates, despite earnings beat. Traders doubt retail strength and crypto strategy’s near-term value.