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GameStop records worst week ever, loses $18 bn in market value
Published Date : 06-Feb-2021 9:53:30 IST
GameStop lost $18 billion in market value after the US video-game retailer’s stock fell 80% in the last five days, recording its worst weekly performance. Even though online stock brokerage Robinhood removed all buying curbs, the stock ended at $63.77 which was far below last week’s high of $483. GameStop’s market value had hit $33.7 billion on January 28.
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