LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
X (Twitter) Telegram
LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
Business News December 9, 2022

GameStop: Q3 loss of nearly $95 million, will no longer focus on cryptocurrencies

Gaming retailer GameStop said it would no longer focus on cryptocurrencies after posting a net loss of $94.7 million in the third quarter and laying off staff in its digital asset division.

GameStop CEO Matt Furlong said that he has “proactively minimized his exposure to cryptocurrencies” over the past year and “does not currently hold any substantial balances of tokens,” adding, “While we still believe in digital asset There is long-term potential in the gaming world, but we have not and will not risk significant shareholder capital in this space.”

Additionally, GameStop appears to be still moving forward with its NFT and blockchain plans, according to its filing with the stock exchange on Dec. 7. It was previously reported that in its third round of layoffs in 2022, the teams engaged in blockchain and NFT projects will be most affected.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleBitcoin mining company HIVE produced 264 bitcoins in November
Next Article Jimmy Song: The ultimate meaning of Bitcoin is that no one can cheat you

Related News

September 22, 2023

Greeks.live: Call options are being bought heavily across all major maturities

September 19, 2023

Data: Binance.US August trading volume dropped 98% from January last year

September 16, 2023

LBank Launchpad project PINS has increased by more than 2000% and is now at $0.0100149

September 16, 2023

Data: Justin Sun’s address newly minted $815 million in TUSD on the Tron blockchain

September 15, 2023

22,000 BTC options and 156,000 ETH options are about to expire

September 13, 2023

Deputy Governor of the Bank of England: The crypto industry currently does not pose a significant risk to financial stability, but this may not be the case in the future

September 11, 2023

FTX Court Documents Reveal List of Celebrity Promotion Fees, Including O’Neal’s Promotion Fee of $750,000

September 6, 2023

Grayscale: SEC Has No Reason To Refuse To Convert GBTC To Spot ETF

The Latest
Ethereum News September 23, 2023
Ethereum network fees drop to lowest level in 9 months
Market News September 23, 2023
Wintermute Trading moved 8.3 trillion PEPE between multiple CEXs in the past 24 hours, and PEPE surged 15%
Market News September 23, 2023
$3 billion worth of Bitcoin options and $1.8 billion in Ethereum options set to expire at the end of September
Bitcoin News September 23, 2023
Senior Advisor to the President of El Salvador: People all over the world are withdrawing from unsecured banknotes such as US dollars and buying Bitcoin
Policy News September 23, 2023
India’s Home Ministry launches cryptocurrency intelligence and analysis tools to combat crypto crimes
NFT News September 22, 2023
Former SEC official: NFT market is completely rigged
Policy News September 22, 2023
Former U.S. Senator: Encryption legislation may not pass this Senate
Bitcoin News September 22, 2023
About 12,230 Bitcoins have flowed out of Binance since the beginning of August, worth about $330 million.
Market News September 22, 2023
Options contracts worth $590 million in BTC and $230 million in ETH will expire for delivery
Business News September 22, 2023
Greeks.live: Call options are being bought heavily across all major maturities
Crypto Assets
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
Market Dynamics
  • Business
  • Markets
  • Policy
  • Press Release
Support
  • Contact Us
  • Advertise
About
  • About Us
  • Privacy Policy
  • Terms of Service

The daily digest for crucial crypto news updates.

X (Twitter) Telegram
Disclaimer:

LockMeta endeavors to provide accurate and current information. However, due to the evolving nature of the crypto space and reliance on external sources, we cannot guarantee its complete accuracy. We advise users to conduct their own research and consult professionals before making decisions. LockMeta assumes no liability for actions based on our content.

© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.