GameStop stocks drop thanks to Amazon’s announcement of trade-ins

March 6th, 2009 Posted in Business, Console, Culture, Mobile, Nintendo DS, PC, PlayStation 3, Wii, Xbox 360 by Jeff Baker

It looks like GameStop may have finally met its match in terms of the used videogame market.

After Amazon.com’s recent announcement that they will begin testing a trade-in video game program, GameStop’s stocks dropped a full 13% ending the day $3.54 lower than the previous price.

I don’t know about you guys, but if Amazon offers more money for trade-ins than GameStop does, I have no problem receiving Amazon store credit for it.

Read (Joystiq)

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This entry was posted on Friday, March 6th, 2009 at 2:14 pm and is filed under Business, Console, Culture, Mobile, Nintendo DS, PC, PlayStation 3, Wii, Xbox 360. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.




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