Big names in business including Tesla (TSLA) - Get Tesla Inc. Report CEO Elon Musk and billionaire tech investor Chamath Palihapitiya and other's interest in the video-game retailer may have also helped create a lot of buzz.
Let's take a pause and look back at this 37-year-old company.
GameStop, formerly called Babbage's, was launched by Texas entrepreneurs James McCurry and Gary Kusin in 1983. The two were former classmates at Harvard Business School.
Barnes & Noble Booksellers (BKS) - Get Barnes & Noble, Inc. Report acquired the company in October 1999 for whopping $215 million. Later, the company also acquired another video game retailer Funco, which paved the way to forming GameStop.
GameStop went public in February 2002 at New York Stock Exchange where it IPO'd at $18 per share.
The stock once wasn't a major source of headlines. But everything changed in January 2021.
Check out the video above to know more.
Latest Videos From TheStreet and Jim Cramer:
- Coronavirus: The Latest Numbers on the COVID-19 Pandemic
- What the New Reality of Shopping Means for Superstores & Consumers
- What Is the Super Bowl Indicator?
- How Do You Short a Stock?
- What Is Happening to GameStop Stock? Jim Cramer Explains