Tech

GameStop stiffed Boston Consulting Group on $30 million in fees, lawsuit says

Enlarge / GameStop branch in Munich, Germany on November 23, 2021. (credit: Getty Images | NurPhoto ) GameStop has refused to pay $30 million in fees to Boston Consulting Group (BCG), the consulting firm alleged in a lawsuit filed Tuesday . BCG said that GameStop has “unpaid fees of approximately $30, 000, 000” but added […]

Tech

GameStop stock takes off as plans for NFT marketplace come into focus

Enlarge (credit: GameStop) Two of 2021’s strangest trends are coming together Thursday evening as GameStop’s stock surges on a report that it is working to establish an NFT and cryptocurrency marketplace alongside partner game developers and publishers. The news, first reported by The Wall Street Journal, suggests GameStop has a 20-person unit working on the […]

Tech

SEC: Short squeeze wasn’t “the main driver” of GameStop’s stock rise

Enlarge / *Glass-breaking noise* (credit: Aurich Lawson) Back in January, when we attempted to explain the meteoric rise of GameStop’s stock price , all of us wrote a lot of words about the potential role of a short squeeze on what was happening. The theory was that a large number of short sellers were being […]