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Robinhood raises $1 billion, will reopen GameStop stock purchases on Friday
Robinhood claimed its decision to freeze purchases of 13 stocks, including GameStop, on Thursday was a "risk-management" decision. After raising $1 billion from investors, it will reopen trading access on Friday morning.
Engadget Podcast: How Reddit day traders blew up GameStop's stock
Or are they trying to teach the financial industry a lesson? And isn't this just another example of online memes bleeding into reality, leading to potentially disastrous consequences? We also get a bit of context from an anonymous member from the infamous R/WallStreetBets subreddit.
GameStop stock market squeeze attracts attention from Congress
The Senate Committee on Banking will hold a hearing “on the current state of the stock market,” after Reddit’s GameStop squeeze.
Robinhood hit with class action lawsuit after it restricts GameStop stock
Robinhood can now add a class action lawsuit to its growing list of headaches after it said it would restrict users from trading GameStop and other stocks.
How to buy a PlayStation 5 on November 12th
Looking for a PlayStation 5? Good luck -- here's a few stores that will have them in stock.
How to buy an Xbox Series X or Xbox Series S on November 10th
Here's where you can find an Xbox Series X or Xbox Series S console for sale on launch day, November 10th.
GameStop will get a cut of digital revenue from every Xbox it sells
Microsoft and GameStop have inked a deal that would give the latter a portion of the tech giant’s digital sales revenue for every next-gen Xbox the gaming retail chain sells. The companies published a press release about their collaboration last week, but it mostly focused on GameStop employees using Microsoft’s cloud solutions and hardware products. As Ars Technica has noted, though, there’s a vague line buried in there that deserves more attention: “GameStop and Microsoft will both benefit from the customer acquisition and lifetime revenue value of each gamer brought into the Xbox ecosystem.”
GameStop will have more $499 PS5s available to pre-order on Friday
GameStop will have additional PS5 stock available to pre-order this Friday.
This week's best deals: AirPods, Nintendo Switch game sale and more
This week's best deals that you can still buy today include Apple AirPods with wireless charging case for $150 and discounted Nintendo Switch titles at GameStop.
A number of first-party Nintendo Switch games are on sale at GameStop
If you own a Nintendo Switch and are bored staying home, you’re in luck -- almost 40 Switch games are now on sale at GameStop. Notable titles include New Super Mario Bros U Deluxe, Splatoon 2 and Yoshi’s Crafted World, all on sale for $40.
The best deals we found this week: AirPods Pro, the iPad and more
The best deals from this week include Apple AirPods Pro for $228, the base iPad for $250 and a Dell XPS 13 laptop for less than $850.
GameStop's PC gaming sale discounts ASUS monitors, Razer mice and more
GameStop is running a sale on PC gaming periperhals that includes an ASUS display, a Razer mouse and audio.
Best Buy, GameStop limit stores to curbside pickup
Two of the better-known tech retailers in the US have temporarily dropped in-store shopping in light of the COVID-19 pandemic. As of March 22nd, Best Buy and GameStop have limited shoppers to delivery and curbside pickup. At Best Buy, you'll get "enhanced curbside service" where you can not only pick up online orders, but ask store staff to fetch and sell products if you couldn't order them online. Delivery is still an option, although Best Buy has paused in-home installation and repair and will only drop off products at your door. You can still get in-home consultations during this scaled-back period, but you'll be limited to virtual help for now.
GameStop closes California stores despite earlier defiance
GameStop's insistence on staying open during the COVID-19 pandemic might not have accomplished much in at least one state. Kotaku understands that GameStop is closing its stores in California "until further notice" while it waits for more information from California Governor Gavin Newsom. The leader has issued a shelter-in-place order that forbids all non-essential travel, including for businesses that aren't considered crucial.
GameStop tells employees it's 'essential' and can stay open during lockdowns
GameStop insists it can remain open even if its stores' locations are under lockdown due to the coronavirus outbreak. According to Kotaku and Vice, it sent a memo to employees, telling them that its stores don't have to shut down because it believes its business is classified as "essential retail." Local government units across the US are issuing orders to close non-essential retail businesses -- shops like grocery stores, gas stations and drugstores are considered essential and therefore won't have to cease operations.
GameStop will sell 'Doom Eternal' a day early as a 'safety precaution'
Right now, companies are doing their best to navigate an unprecedented global crisis, seeking ways to remain profitable while contributing to the social good. Discord, for example, has relaxed its user limits on streaming. Uber Eats, meanwhile, has waived delivery fees for independent restaurants. Now GameStop has made its efforts known: it will be selling Doom Eternal a day early in a bid to reduce crowding at its stores.
Former Nintendo exec Reggie Fils-Aimé joins GameStop's board
GameStop thinks it has a way to turn around its struggling business: give a video game industry legend a say in the company's future. The retailer has appointed three new people to its board of directors, most notably including former Nintendo of America President Reggie Fils-Aimé. He'll take his position on April 20th, while the other two (former Walmart US president Bill Simon and PetSmart chief J.K. Symncyk) are taking their board seats immediately.
Even the 'Fallout 76' collectibles have issues
It feels like the bad news smog around Fallout 76 will never fully dissipate. The United States Consumer Product Safety Commission has issued a recall for wearable helmets because of a mold risk. The recall only impacts the red, Nuka Cola-themed T-51b Power Armor Collectible Helmet sold exclusively at GameStop, not the ones from Bethesda's own Fallout 76 Power Armor Edition.
GameStop to close up to 200 stores
Just two months after GameStop announced ambitious plans to breathe new life into its stores, the company has announced that between 180 and 200 stores around the world will be closing their doors for good before the year is out -- and more closures are coming.
GameStop hopes renovations will keep its retail stores alive
GameStop thinks it has a way to keep its stores relevant as downloads take hold: revamp the stores themselves. The chain has unveiled a team-up with designers at R/GA on a pilot program to renovate stores and give them a "place in the video gaming culture." The concept stores will have layouts and purposes meant to appeal more directly to gamers. You'll have new ways to try games before buying them, shops that cater solely to retro games and hardware, and even esports competitions with "homegrown" leagues.
