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Episode 368Feb 11, 2021

One thing is still bugging us about GameStop

Why didn’t the beleaguered video game retailer jump to capitalize on its surging share price? Reuters figured it out.

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A man steps out of a GameStop store in Alhambra, California on January 27, 2021.
A man steps out of a GameStop store in Alhambra, California on January 27, 2021.
Frederic J. Brown/AFP via Getty Images

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GameStop closed at $51.10 a share today. We’re far away from the heady days of, uh, two weeks ago. But something has still been nagging at us: Why didn’t the beleaguered video game retailer jump on the opportunity to sell some shares and pay down its debt? Today we finally got an answer, and we’ll take some time to explain. Plus: a little talk about the impeachment trial so far, vaccines and Bitcoin.

Here’s everything we talked about today:

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The Team