Note: iOS 9 + Facebook users w/ trouble scrolling: #super sorry# we hope to fix it asap. In the meantime Chrome Mobile is a reach around
hot  /  reviews  /  videos  /  cblogs  /  qposts

GameStop stock drops following Xbox One reveal

2:00 AM on 05.25.2013 // Tony Ponce
  @megaStryke

Everything is upsy-daisy!

As if the fallout from the Xbox One reveal on Tuesday couldn't get any weirder, along comes news that GameStop stock ended the trading week down 19%. The company's share price had been dropping steadily throughout the week, at one point hitting a low of $30.94, and now sits at $32.11.

Following the Xbox One presentation, representatives were a bit cagey on whether or not the console would be able to play used games or if there was some kind of fee involved. We later learned that Microsoft is hoping to broker a deal with retailers that will allow publishers to earn a cut of used sales while the game discs themselves undergo some convoluted deactivation / authentication process that still hasn't been explained properly. All this resulted in fear for GameStop's future, hence the stock plummet.

I understand that GameStop isn't everyone's favorite entity, but losing the biggest used games supplier in the world, should that come to pass, would be catastrophic. As it stands, small businesses and individual resellers are already going to be up the creek without a paddle.

GameStop stock doing down, Wii U sales going up -- it must be Topsy Turvy Day!

GameStop stock closes week down 19% [Joystiq]



Tony Ponce, Former Contributor
 Follow Blog + disclosure megaStryke Tips
(Decommissioned) Super Fighting Robot more   |   staff directory



 Setup email comments

Unsavory comments? Please report harassment, spam, and hate speech to our community fisters, and flag the user (we will ban users dishing bad karma). Can't see comments? Apps like Avast or browser extensions can cause it. You can fix it by adding *.disqus.com to your whitelists.

 Quickposts
Status updates from C-bloggers

TheKodu avatarTheKodu
Still better than Aliens Colonial Marines.
BaronVonSnakPak avatarBaronVonSnakPak
The good news: XCOM 2 is installed on my pc. The bad news: It runs about as well as a fat kid on ice.
Fuzunga avatarFuzunga
Get your Devil's Third, here! Hot, fresh Devil's third! [url]http://www.gamestop.com/wii-u/games/devils-third/118963[/url]
EAPidgeon avatarEAPidgeon
Glad I can support the site again with HUGE since my life is mostly back in order. Curious though if anyone knows what happened to the Merch Shop for the site.
TheBlondeBass avatarTheBlondeBass
Give me an open-world game and I'll find a way to mistreat children and the elderly.
MeanderBot avatarMeanderBot
What do you think guys? Text or no text?
Agent9 avatarAgent9
I'm dying of laughter, these are too good XD super Zangeif OP
Parismio avatarParismio
How dare they price her so low...
Fuzunga avatarFuzunga
Fire Emblem Fates special edition is confirmed to have all three versions on one cartridge, so you DO get Revelation early.
CJ Andriessen avatarCJ Andriessen
Frinkiac.com: Search Simpsons quotes, get the image from the episode where the quote is from and easily make a meme.
CoilWhine avatarCoilWhine
I ended up buying Yakuza 3 on Amazon and nabbing Gravity Rush Remastered on the PS Store. Both have trophies so I'm pretty hyped to play em.
Virtua Kazama avatarVirtua Kazama
Just finished a blog just in time for the 25th Anniversary of Street Fighter II, which is in a few minutes...
Parismio avatarParismio
Jesus Pacland in smash looks like something someone made in MSPaint. I love it.
Fuzunga avatarFuzunga
Looks like Nintendo was selling a North America exclusive 3DS cover plate. At least, I've never seen this particular one before. It's out of stock now, though.
Sir Shenanigans avatarSir Shenanigans
So Helldivers is pretty fucking great.
LinkSlayer64 avatarLinkSlayer64
Since I thanked Niero and Paladin on the site update article, might as we thank the rest of you staff, contributors, mods, volunteers, tippers, former workers, commenters, bloggers, quickshitposters, lurkers, trol-nevermind them, anyway XCOM2 calls!
RadicalYoseph avatarRadicalYoseph
I've got an even better picture! I'll post it in the comments.
Steel Squirrel avatarSteel Squirrel
I just have to post this pic because it's one of the best things ever. Gotta post it in the comments though.
Nathan D avatarNathan D
Hits Save in blog editor.Your post currently has a publish date of 2016-01-23 11:44 PM.
Samsneeze avatarSamsneeze
Maurice White, Earth, Wind and Fire founder died yesterday and 2016 continues to make it clear that it gives no shits about your favorite musicians and people.
more quickposts


Contest!


Seriously

Invert site colors

  Dark Theme
  Light Theme


Destructoid means family.
Living the dream, since 2006

Pssst. konami code + enter

modernmethod logo



Back to Top


We follow moms on   Facebook  and   Twitter
  Light Theme      Dark Theme
Pssst. Konami Code + Enter!
You may remix stuff our site under creative commons w/@
- Destructoid means family. Living the dream, since 2006 -