{"id":1902822,"date":"2023-03-22T11:25:58","date_gmt":"2023-03-22T15:25:58","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meme-stock-gamestop-soars-after-announcement-of-profitable-quarter\/"},"modified":"2023-03-22T11:30:03","modified_gmt":"2023-03-22T15:30:03","slug":"meme-stock-gamestop-soars-after-announcement-of-profitable-quarter","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meme-stock-gamestop-soars-after-announcement-of-profitable-quarter\/","title":{"rendered":"Meme stock GameStop soars after announcement of profitable quarter"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmeme-stock-gamestop-soars-after-announcement-of-profitable-quarter%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1902822&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_79411449\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Supreme Court takes up first cryptocurrency case\">               <meta itemprop=\"description\" content=\"The Supreme Court will hear arguments in its first case surrounding cryptocurrencies Tuesday, raising the possibility of justices taking on more cases concerning digital assets in the future. The rise of cryptocurrency, in tandem with recent bankruptcies and fraud in the industry, is prompting legal questions about the speculative digital assets, though the arguments before the court Tuesday are actually procedural in nature and surround a pair of class action lawsuits against crypto ledger Coinbase.\">               <meta itemprop=\"duration\" content=\"PT1M20S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-21 14:58:33\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1266527_th_1679410714.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1266527.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_79411449\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1266527\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">M<\/span>ajor meme stock, GameStop, saw a surge in its stock prices after it reported its first profitable quarter in two years. The stock prices were up to 50% in pre-market trading and rose more than 37% after the opening. The company announced an adjusted profit of 16 cents per share for the fourth quarter, up from a 47-cent-per-share loss the previous quarter. <\/p>\n<p>The CEO of GameStop, Matt Furlong, said that the company is currently in a better position than 2021 when many had predicted heading for bankruptcy. CNBC reported that &#8220;GameStop is a much healthier business today than it was at the start of 2021,&#8221; said Furlong during a call with investors. <\/p>\n<p>GameStop was the leading meme stock that investors piled into back in 2021, and its unexpected pop this week has also affected other meme stocks such as Carvana&#8217;s stock, which was up nearly 17%, Bed Bath and Beyond&#8217;s shares, which were trading about 3% higher, and AMC Entertainment. <\/p>\n<p>Wall Street has been volatile, and traders were watching the Federal Reserve closely ahead of its interest rate decision. It is worth noting that Carvana announced a $1 billion debt swap to restructure its debt. <\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>Read More From <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/gamestop-shares-explode-profitable-quarter\">&#8220;Meme stock GameStop soars after announcement of profitable quarter&#8221;<\/a><\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major meme stock GameStop surged on Wednesday after news that the beleaguered video game retailer saw its first profitable quarter in two years. Shares of the company were up as much as 50% in premarket trading and rose more than 37% shortly after open. GameStop broke the news of the profitable quarter on Tuesday evening<\/p>\n","protected":false},"author":1,"featured_media":1902823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[7906,3705,3716,7581,7509,8615,4359],"class_list":["post-1902822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-announcement","tag-gamestop","tag-meme","tag-profitable","tag-quarter","tag-soars","tag-stock"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1902822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1902822"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1902822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1902823"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1902822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1902822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1902822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}