It\u2019s extremely rare in this day and age to find a person who has a love of video games and video game consoles that hasn\u2019t stood in an insanely long line at least once waiting for the doors to open at <em>GameStop.<\/em>\r\n\r\nAmongst other video game enthusiasts, in the midnight cold outside of a <em>GameStop<\/em> location for a new release, they had reserved probably as soon as it was made available. Even the gamers who haven\u2019t gone as far as a midnight release, probably have at least a few memories of spending time in a GameStop store in their past.\r\n\r\nFor a few years now it has been understood by many that <em>GameStop<\/em> would possibly be selling the company. It was possible that the company would close all of its traditional brick and mortar locations and go to a purely digital platform instead, which wouldn\u2019t be all that surprising for the times.\r\n\r\nHowever, without physical locations, many people feel that it just wouldn\u2019t be the same. Which is why there is some very good news for lovers of <em>GameStop<\/em>. The company has made the official announcement that they will not be selling the company after all.\r\n\r\nThis announcement has been met with mixed responses as people try to analyze exactly what this means for the company. The decision that was made to not sell the company has caused <em>GameStop\u2019s<\/em> overall stock to drop by 27.2%, a loss of about $430 million. Some positive news for the company though is that <em>GameStop<\/em> sold the <em>Spring Mobile<\/em> business for over $700 million. The<em> Spring Mobile<\/em> business was GameStop\u2019s attempt at expanding to new products and services outside of just the video game industry.\r\n\r\nhttps:\/\/youtu.be\/waA21w1br4Y\r\n\r\nThe company\u2019s stock dropping of 27.2% is the lowest that <em>GameStop<\/em> has fallen since 2002, and in 2017 <em>GameStop<\/em> closed its doors on 150 retail locations. The company officially got a new CEO in April of 2019, <em>George Sherman.<\/em>\r\n\r\n<em>Sherman<\/em> has since stated that he understands the company\u2019s need for a revamp and relevant changes to keep up in the rapidly advancing gaming industry. <em>GameStop<\/em> now plans to redirect the company focus back onto video games and collectibles.\r\n\r\n<em>GameStop<\/em> has been quite possibly one of the most recognizable brands in the gaming industry and continues to be a logo that gamers everywhere know. <em>George Sherman<\/em> is optimistic about keeping the brand and its stores alive and well. It seems that hopefully, the<em> GameStop<\/em> stores won't be going anywhere anytime soon.