GameStop Corp GME

Consumer Cyclical

GameStop Corp. offers games and entertainment products through its stores and e-commerce platforms. The Company operates in four geographic segments: United States, Canada, Australia and Europe. Each segment consists primarily of retail operations, with the significant majority focused on games, entertainment products and technology. The Company has a total of approximately 4,169 stores across all of its segments: 2,915 in the United States, 203 in Canada, 404 in Australia, and 647 in Europe. Its stores and e-commerce sites operate primarily under the names GameStop, EB Games and Micromania. Its Australia and Europe segments also include approximately 49 pop culture themed stores selling collectibles, apparel, gadgets, electronics, toys and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. The Company's brands also include its print and digital gaming publication, Game Informer magazine.

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GameStop Corp

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Post by kijijion Jan 27, 2021 12:37pm

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Post# 32399788

Restrictions on trading GME

Jan. 27, 2021 11:56 AM ETThe Charles Schwab Corporation (SCHW)By: Kim Khan, SA News Editor68 Comments

Charles Schwab's (SCHW -2.8%) Ameritrade put restrictions on trades in squeeze stocks GameStop (GME, +137%) and AMC (AMC +175%).
"In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC and other securities," it wrote. "We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors."
CNBC reported that the restrictions had to do with margin.
TD Ameritrade tweeted earlier than "unprecedented volumes today may be causing limited access to the TD Ameritrade Mobile app."
It now says access "has been resolved."
Ameritrade was one of several platforms, in including Robinhood (RBNHD) and Morgan Stanley's (MS, -2.4%) E*Trade, that experienced outages as retail soared amid a frenzy for shares of heavily-shorted stocks.
The phenomenon started with GameStop, which has been soaring on a combination of a short squeeze and then a gamma squeeze.