No need to panic, it’s not 2020 again and you’re not going stir-crazy from being locked indoors and getting into “stonks” as a result. However, the GameStop (GME) share price is once again experiencing an uncharacteristic surge after the company posted a Q4 profit, after about two straight years of reporting losses.
The company reported $48.2 million worth of income, which marks a staggering improvement on a loss of $147.5 million, which is what GameStop reported in the previous corresponding period (Q4 2021), according the company’s earnings report.
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