Despite being profitable, @gamestop
stock has gone down 32% in 12months & they’ve had multiple CEO changes. They’re currently in talks of a buyout. One of the interested parties is private equity firm Sycamore Partners. On the one hand, PE are usually a pump & dump, loading a company with debt, major restructuring w/ short term in mind and looking to flip. On the other hand, Sycamore Partners acquired Hot Topic and so far the result there is different.
🔗 read the original report in the bio