GameStop, post-Reddit financial outcomes expected: internal clashes in the past for former executive

GameStop, post-Reddit financial outcomes expected

Several weeks have now passed since the emergence of the GameStop financial bubble generated on the pages of Reddit following the action of many small investors determined to produce an increase in the value of the company.

Since then, the management of the giant of the videogame did not offer clear details regarding the implications deriving from the new value of the shares, which currently stands at around $ 200. An incredibly higher value than the one before the coordinated action of Reddit users, which remained much lower, also thanks to the downward bets operated by large investment funds. Soon, GameStop management will publish the first financial results following the financial event that even attracted the attention of the US Congress.

As the appointment approaches, one of the company's former executives, Chris Petrovic , he painted a picture of internal conflict that would affect GameStop in the 2000s. In the course of an interview granted to the pages of The Wall Street Journal, the latter in particular narrated how - between 2009 and 2013 - his attempts to strengthen the company's commitment to the digital videogame market broke on of an interior wall. On the one hand, there were those who saw the growth of streaming and digital as a threat, on the other those who were not worried about it. The clash between these two visions, Petrovic recalls, led to many proposals for internal renewal "to be abandoned in the bud", a circumstance that prompted him to resign in 2013.