Meme stock GameStop surges 35% after it posted a surprise profit for the first time in 2 years
GameStop reported a profit of $48.2 million in the fourth quarter of 2022 — reversing a $147.5 million loss in the same period a year ago.
uk.finance.yahoo.com
The company is expected to continue to cut excess costs in 2023, including winding down operations in certain countries in Europe, per [CEO] Furlong. It also aims to boost its higher-margin businesses such as collectibles and toys.
Ireland seems to be the first to go. They shutdown some services there effective immediately.
We are sorry to inform our loyal customers that as of 22nd March 2023 we will be ceasing the provision of a number of services in our Irish stores and on our website. These services include the sale of Gift Cards, Trade-in and purchase of Used devices and Accessories, GameStop Pro Loyalty services, Game Protection and Pre-Orders of Products.
Some ex-employees on Reddit are saying around July. I mean it's no surprise, GameStop's been a funko wasteland for years, plus the Irish market's always been tiny in comparison to the UK or Europe.