GameStop Shares Plunge 22% After Debt-Fueled Plan To Buy Bitcoin Sparks Investor Doubts 📉
GameStop's shares nosedived by 22% following the announcement of its intention to purchase Bitcoin using borrowed funds. The strategy sparked skepticism among investors, contributing to the significant drop in stock value.
This move comes amidst ongoing challenges faced by the company as it seeks to diversify and revitalize its business model. However, the risk associated with accumulating debt for cryptocurrency investment has generated considerable unease within the investment community.
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