GameStop Corp. shares plummeted more than 5% in extended trading on Tuesday after the company reported its first-quarter revenue fell short of Wall Street’s expectations. Despite this, GameStop achieved its fourth consecutive quarterly profit. The videogame retailer also made headlines by announcing its first purchase of bitcoin, sparking hopes that it may be a play on the digital currency’s rise.
Source: https://www.marketwatch.com/story/gamestop-may-be-a-bitcoin-play-but-its-stock-is-sliding-on-weaker-than-expected-q1-revenue-2e51b415