GME's Bitcoin Bet: A Gimmick or Genius Move?

GameStop's (GME) move to buy Bitcoin (/BTC) has some calling it a clever attempt to grab attention and create volatility in the stock. Tom Essaye thinks it's a "gimmick" that distracts from the company's larger issue - a declining core business. While he applauds GameStop's ingenuity, he believes they need a credible plan to create long-term value, beyond just buying and holding trendy assets like Bitcoin.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – https://twitter.com/schwabnetwork

Follow us on Facebook – https://www.facebook.com/schwabnetwork

Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/

About Schwab Network - https://schwabnetwork.com/about