Specialty retailer GameStop Corp. (GME) is a game and entertainment products provider operating through its various stores and e-commerce properties. The company sells new and pre-owned gaming platforms, accessories, new and pre-owned gaming software, and in-game digital currency.
Recently, GME announced its partnership with FTX US to increase its presence in the cryptocurrency space following its launch of an NFT marketplace. The company is expected to start selling FTX gift cards at some of its stores. However, Wedbush analyst Michael Pachter believes its FTX partnership “is unlikely to yield meaningful revenue or profit.”
