Latest news with #GameStop
CNET
3 days ago
- Business
- CNET
Did You Know About the GameStop-Facebook Settlement? Here's How to File a Claim
There's still time to claim part of GameStop privacy settlement. Did you buy something from video game retailer GameStop in the past five years? And did you have a Facebook account when you did so? I know that sounds like me and if it sounds like you, too, there's a settlement you need to know about. Early this month, GameStop agreed to pay $4.5 million to settle a class action lawsuit accusing it of violating privacy laws by tracking and sharing customer info with Facebook. While the company has denied any wrongdoing in the matter, it is nonetheless now accepting claims, with estimates suggesting that hundreds of thousands of consumers could be eligible. While GameStop -- best known for its brick-and-mortar shop locations -- has seen its fortunes decline in recent years as commerce has migrated online, it still does considerable business: about $3.8 billion in 2024. Facebook, meanwhile, doesn't say much about how much consumer data it acquires from places like GameStop but those kinds of transactions have long been key to its business, helping to create targeted advertising on the platform. That sort of practice now appears to have run afoul of certain privacy laws, prompting the lawsuit that GameStop is working to settle. Keep reading to find out everything you need to know about the settlement and, for more, find out if you qualify for 23andMe's big privacy settlement or the Fortnite in-game purchases settlement. Why did GameStop get sued? The lawsuit at the heart of this situation, Aldana v. GameStop, alleged that the company used a tracking pixel on its website to collect information on specific consumer purchases, which it then sold to Facebook. This, the suit argued, violated the Video Privacy Protection Act, a 1988 law designed to prevent the "wrongful disclosure" of rental or sales records for certain audiovisual media, including video games. What prompted the creation of a law like that back then? The public disclosure of -- here's a throwback -- Supreme Court nominee Robert Bork's video store rental records. While there was nothing scandalous, or even terribly interesting in those records, the release of the information highlighted Bork's claims that Americans only had privacy rights directly granted to them by legislation and Congress certainly seemed to take the point, passing the VPPA little more than a year later. In addition to the consumer payouts, this settlement also requires GameStop to stop using tracking pixels on its online storefront. Who is eligible for the GameStop-Facebook settlement? To qualify for this settlement, you need to have bought something from GameStop's website any time between Aug. 18, 2020, and April 7, 2025. At the time of that purchase, you must also have had an active Facebook account using your real name that was public. Proof of purchase is not required. When is the deadline for filing a claim? You have until Aug. 15 -- about a month and a half -- to file a claim and opt in to this settlement. To do that, complete the official form on the settlement website. How much can I get from the GameStop-Facebook settlement? Unlike other notable settlements that can sometimes pay out thousands of dollars, the offers from this settlement are much more modest. When filing a claim, you have the option of receiving a cash payment of $5 or a voucher to GameStop worth $10. You can only get one payment per claim, even if you purchased multiple items from the GameStop website during the settlement period. When will I get paid from the GameStop-Facebook settlement? When those payments will go out isn't clear but it will be sometime after the final settlement hearing in the case on Sept. 18. Stayed tuned to this page for updates as information like this becomes available in the near future. For more, here's everything to know about Apple's Siri privacy settlement.
Yahoo
3 days ago
- Business
- Yahoo
Insider Watch: 3 CEOs Buying Shares in 2025
Investors closely monitor insider buys, as they can give hints surrounding the long-term picture. But it's critical to note that insiders have a longer holding period than most, and many strict rules apply to their transactions. In 2025, CEOs of several companies – GameStop GME, Everest Group EG, and MicroStrategy MSTR – have made splashes, acquiring shares. Let's take a closer look at the transactions for those interested in trading like the insiders. GameStop Sees Bullish Outlook Most investors are familiar with GameStop thanks to the 'meme stock' mania a few years back, with the company reflecting the poster child of the bunch overall. Though shares are down nearly 20% year-to-date, CEO Ryan Cohen stepped in and purchased 500k shares at a total transaction value of roughly $10.7 million. Analysts have continued to deliver bullish EPS revisions for its current fiscal year, with the current $0.75 Zacks Consensus EPS estimate up big from the $0.02 per share estimate in June of last year. Image Source: Zacks Investment Research MicroStrategy Shares Outperform MicroStrategy shares have become notably popular amid the broader surge in bitcoin over recent years, up nearly 34% in 2025 and widely outperforming relative to the S&P 500. CEO Phong Le swooped in earlier in the year and acquired 6k MSTR shares at a total transaction value of roughly $510k. Image Source: Zacks Investment Research Investors should be aware of the high-volatility nature of MSTR shares, which are largely dictated by price swings within BTC. EG Enjoys Consistent Sales Growth Everest Group, through its subsidiaries, provides reinsurance and insurance products principally in the United States, Bermuda, and internationally. CEO James Williamson 1k shares at a total transaction value of roughly $340k. The company's top line has shown consistent growth over recent years, as shown below. Image Source: Zacks Investment Research Bottom Line Many investors closely monitor insider buys, looking to receive insights into the longer-term picture. The transactions shouldn't be relied on for near-term performance, as insiders' holding periods are longer than most, and many strict rules apply. Rather, investors can see insider buys as an overall net positive concerning the longer-term outlook. All large-cap stocks above – GameStop GME, MicroStrategy MSTR, and Everest Group EG – have seen recent insider activity. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GameStop Corp. (GME) : Free Stock Analysis Report MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
3 days ago
- Business
- Globe and Mail
Insider Watch: 3 CEOs Buying Shares in 2025
Investors closely monitor insider buys, as they can give hints surrounding the long-term picture. But it's critical to note that insiders have a longer holding period than most, and many strict rules apply to their transactions. In 2025, CEOs of several companies – GameStop GME, Everest Group EG, and MicroStrategy MSTR – have made splashes, acquiring shares. Let's take a closer look at the transactions for those interested in trading like the insiders. GameStop Sees Bullish Outlook Most investors are familiar with GameStop thanks to the 'meme stock' mania a few years back, with the company reflecting the poster child of the bunch overall. Though shares are down nearly 20% year-to-date, CEO Ryan Cohen stepped in and purchased 500k shares at a total transaction value of roughly $10.7 million. Analysts have continued to deliver bullish EPS revisions for its current fiscal year, with the current $0.75 Zacks Consensus EPS estimate up big from the $0.02 per share estimate in June of last year. MicroStrategy Shares Outperform MicroStrategy shares have become notably popular amid the broader surge in bitcoin over recent years, up nearly 34% in 2025 and widely outperforming relative to the S&P 500. CEO Phong Le swooped in earlier in the year and acquired 6k MSTR shares at a total transaction value of roughly $510k. Investors should be aware of the high-volatility nature of MSTR shares, which are largely dictated by price swings within BTC. EG Enjoys Consistent Sales Growth Everest Group, through its subsidiaries, provides reinsurance and insurance products principally in the United States, Bermuda, and internationally. CEO James Williamson 1k shares at a total transaction value of roughly $340k. The company's top line has shown consistent growth over recent years, as shown below. Bottom Line Many investors closely monitor insider buys, looking to receive insights into the longer-term picture. The transactions shouldn't be relied on for near-term performance, as insiders' holding periods are longer than most, and many strict rules apply. Rather, investors can see insider buys as an overall net positive concerning the longer-term outlook. All large-cap stocks above – GameStop GME, MicroStrategy MSTR, and Everest Group EG – have seen recent insider activity. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GameStop Corp. (GME): Free Stock Analysis Report Everest Group, Ltd. (EG): Free Stock Analysis Report
Yahoo
4 days ago
- Business
- Yahoo
3 Profitable Stocks in Dangerous Territory
A company with profits isn't always a great investment. Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential. A business making money today isn't necessarily a winner, which is why we analyze companies across multiple dimensions at StockStory. Keeping that in mind, here are three profitable companies that don't make the cut and some better opportunities instead. Trailing 12-Month GAAP Operating Margin: 1.3% Drawing gaming fans with demo units set up with the latest releases, GameStop (NYSE:GME) sells new and used video games, consoles, and accessories, as well as pop culture merchandise. Why Should You Dump GME? Products have few die-hard fans as sales have declined by 12.3% annually over the last six years Sales are projected to tank by 6% over the next 12 months as its demand continues evaporating Negative returns on capital show that some of its growth strategies have backfired GameStop's stock price of $23.44 implies a valuation ratio of 47.1x forward P/E. Check out our free in-depth research report to learn more about why GME doesn't pass our bar. Trailing 12-Month GAAP Operating Margin: 3.3% Operating a network of more than 350 facilities with 3,300 delivery routes serving customers weekly, Vestis (NYSE:VSTS) provides uniform rentals, workplace supplies, and facility services to over 300,000 business locations across the United States and Canada. Why Do We Think VSTS Will Underperform? Products and services are facing end-market challenges during this cycle, as seen in its flat sales over the last two years Earnings per share have dipped by 33% annually over the past three years, which is concerning because stock prices follow EPS over the long term Free cash flow margin dropped by 6 percentage points over the last four years, implying the company became more capital intensive as competition picked up Vestis is trading at $6.10 per share, or 7.7x forward P/E. To fully understand why you should be careful with VSTS, check out our full research report (it's free). Trailing 12-Month GAAP Operating Margin: 12.3% Founded in 1991, Graphic Packaging (NYSE:GPK) is a provider of paper-based packaging solutions for a wide range of products. Why Should You Sell GPK? Declining unit sales over the past two years indicate demand is soft and that the company may need to revise its strategy Earnings per share have contracted by 5.7% annually over the last two years, a headwind for returns as stock prices often echo long-term EPS performance Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 10.8 percentage points At $21.20 per share, Graphic Packaging Holding trades at 8.6x forward P/E. If you're considering GPK for your portfolio, see our FREE research report to learn more. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today
Yahoo
4 days ago
- Business
- Yahoo
GameStop Has Another $2.7B in Bitcoin Buying Power After $450M Greenshoe Exercise
Video game retailer GameStop (GME) raised an additional $450 million through a follow-on sale of zero-coupon convertible senior notes, the company disclosed in an Tuesday filing to the SEC. This came just a week after the retailer's initial $2.25 billion private placement, bringing the total fundraising to $2.7 billion from the offering, the company said. The additional notes were sold under a 13-day option granted to the initial purchaser, who exercised the so-called "greenshoe" option in full. The notes, due in 2032, can convert into GameStop Class A common shares at a price of $28.91, representing a 32.5% premium over the stock's volume-weighted average as of June 12, the time of the initial offering. The capital will be used for general corporate purposes and "making investments in a manner consistent with GameStop's Investment Policy," which includes acquiring bitcoin BTC as a treasury reserve asset. GameStop is one of the growing cadre of publicly traded firms to pursue a crypto treasury strategy. They raise capital by selling shares and issuing debt to add cryptocurrencies such as BTC to their balance sheets, mirroring the playbook of Michael Saylor's Strategy (MSTR). The company made its initial acquisitions of bitcoin in May, buying 4,710 coins for about $500 million following a $1.3 billion convertible note offering. GME shares are flat in Wednesday morning U.S. trading. Sign in to access your portfolio
