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GameStop is doomed, water is wet, and other observations | This Week in Business

This Week in Business is our weekly recap column, a collection of stats and quotes from recent stories presented with a dash of opinion (sometimes more than a dash) and intended to shed light on various trends. Check back every Friday for a new entry.

GameStop is doomed.

That's the mood following the company's quarterly earnings report this week, which saw a net loss of $50.5 million and the termination of CEO Matt Furlong, the sixth man to head up the company since 2017.

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source https://www.gamesindustry.biz/gamestop-is-doomed-water-is-wet-and-other-observations-this-week-in-business