GameStop: Stay Away Despite its Plans to Launch an NFT Marketplace

Popular short squeeze candidate GameStop’s (GME) shares have been surging in price lately, boosted by Chairman Ryan Cohen’s share purchases and the company’s NFT marketplace launch plan. However, given the increasing regulatory scrutiny of the digital assets’ ecosystem, the success of GME’s plan remains uncertain. Furthermore, considering the company’s bleak fundamentals, we think it could be best to avoid the stock. Let’s discuss. – StockNews Games and entertainment company GameStop Corp. (GME) in Grapevine, Tex., made headlines last year