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GameStop stock falls below $50, erases $30 bn in market value
short by Hiral Goyal / on Tuesday, 9 February, 2021
US video game retailer GameStop's stock declined 22% to fall below the $50 level for the first time on Tuesday since January 21. The retailer has now wiped out about 90% of its market value, amounting to $30 billion, from its peak in January when it touched $483. It had then briefly become the largest company in Russell 2000 Index.
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