GameStop raised more than $1 billion (all figures U.S.) in its latest stock sale, capitalizing on a newly arrived and fervent army of online investors. Shares of GameStop Corp., based in Grapevine, Texas, just outside of Dallas, are up more than 1,000 per cent this year. But GameStop is taking full advantage its surging stock price to raise desperately needed cash. It was the second cash haul for GameStop this year during the run-up in its stock price. Loading... Loading... Loading... Loading... Loading... Loading...Ryan Cohen, the co-founder of Chewy, an online pet-supply company, revealed that he had compiled a massive stake in GameStop and began agitating for change.

Source: thestar June 22, 2021 15:11 UTC