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Why GameStop Stock Crashed Hard Today

TheMotleyFool

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Shares of GameStop (NYSE: GME) dropped 14% on Thursday as the market indexes fell hard over fears of what a second wave of coronavirus cases could do to the economy.

GameStop reported earnings that came up short on analyst revenue and profit forecasts as the COVID-19 pandemic forced its stores to close. The video game retailer can't afford to go through another round of lockdowns.

Image source: Getty Images.

Source Fool.com

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