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Even Ryan Cohen Has Given Up On GameStop Stock

If GameStop were an ordinary company, its second-quarter results released on Thursday should have been a triumph. Net sales of $1.16 billion represented a 2.5% increase from the previous year, and net losses were cut to a mere $2.8 million.

That makes GameStop’s Q2 earnings particularly worrying, at least for lunar-bound investors. Recent results now paint a picture of a firm seeking to wind itself down, not build itself up.

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