GameStop Corp.GME 9.00%shares jumped about 15% on Friday, extending the videogame retailer’s volatile ride into this year. The stock lurched higher after The Wall Street Journal reported that GameStop is launching a new division. GameStop plans to develop a marketplace for nonfungible tokens and establish cryptocurrency plans, an area that has been popular among individual investors. The new division is the latest in a string of moves that company executives have made to overhaul the retailer. Last year, GameStop had a shake-up within its executive team and it named activist Ryan Cohen as chairman.

Source: Wall Street Journal January 07, 2022 16:07 UTC