Xbox One uncertainty, earnings drag down GameStop
GameStop is having a pretty rough week.
First Microsoft unveiled the Xbox One but didn't provide much clarity into how used games will work with its new console. Then the video game company reported its fiscal first-quarter profit dropped by a quarter as its revenue fell 6.8 percent.
Neither of those factors is pleasing investors, who had sent shares soaring more than 100 percent over the past 12 months through last Friday. GameStop's shares tumbled 11 percent Friday to $32.10, putting the week's drop at 19 percent.
Particularly worrisome is what GameStop's business will … Read more