GameStop to drop crypto efforts as Q3 losses near $95M By Cointelegraph
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© Reuters Gaming retailer GameStop (NYSE:) says it will no longer focus any efforts on cryptocurrencies, after amounting $94.7 million in net losses in the third quarter and laying off staff from its digital assets department.
On a Dec. 7 earnings call GameStop CEO, Matt Furlong, said it “proactively minimized exposure to cryptocurrency” over the year and “does not currently hold a material balance of any token,” adding:
Staff cuts reportedly hit crypto department
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© Reuters Gaming retailer GameStop (NYSE:) says it will no longer focus any efforts on cryptocurrencies, after amounting $94.7 million in net losses in the third quarter and laying off staff from its digital assets department.
On a Dec. 7 earnings call GameStop CEO, Matt Furlong, said it “proactively minimized exposure to cryptocurrency” over the year and “does not currently hold a material balance of any token,” adding:
Staff cuts reportedly hit crypto department
Continue Reading on Coin Telegraph
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