Meme stock GameStop has been on a wild ride in the last couple of years, but cash burn and lack of profitability loom large over the video game retailer. Last week GameStop Corp’s
stock surged after the the company reported a narrower-than expected loss and also announced a partnership with cryptocurrency exchange FTX.
GameStop shares, which have fallen 24 % this year, have risen 9% in the last five days. The S&P 500 Index
has declined 17.9% and 2.3%, respectively over the same periods. Like AMC Entertainment Holdings Inc.