Category Archives: Money

GameStop Rises on CEO’s “Pokemon Go” Comments

Call it the "Pokemon Go effect": The stock price of GameStop (NYSE: GME) rose by almost 8% in the wake of an interview on CNBC with company CEO J. Paul Raines regarding the mobile game's effect on its business. In the interview, Raines said that this past weekend, 462 of its stores were "PokeStops" -- physical locations that players of the game can visit to pick up Pokeballs, eggs, and various other items they require to capture and care for Pokemon.