GameStop Eyes Bitcoin Investment

And, Twilio's disappointing outlook.

February 14, 2025

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Today is Friday, February 14, 2025.

The Early Bird Index today is 83.60

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GameStop Eyes Bitcoin Investment

The news that GameStop (NYSE: GME) is reportedly investing in cryptocurrency caused its stock to jump 7.46% in after-hours trading on Thursday.

Details: A report from CNBC on Thursday said the video game retailer is exploring investments in alternative asset classes, including crypto and Bitcoin. The company is still determining whether this makes sense for the business and may decide not to pursue the investments.

  • GameStop did not comment on the report.

Stock Price: GameStop's stock price has increased 85% in the last 12 months, although it has fallen so far in 2025.

Early Bird’s Nest Egg Gains: GameStop's potential investment in Bitcoin and cryptocurrencies could make sense for several strategic reasons.

  • GameStop has $4.6 billion in cash reserves and investing in Bitcoin could diversify its holdings.

  • Cryptocurrencies could integrate with GameStop's core business model, such as enabling crypto payments for games or exploring blockchain-based gaming.

Final Thoughts: The company will likely report its next earnings in March.

Notables

Notable Earnings Today: Moderna (Nasdaq: MRNA), AMC Networks (Nasdaq: AMCX), Enbridge (NYSE: ENB), TreeHouse Foods (NYSE: THS), American Axle (NYSE: AXL), Magna (NYSE: MGA), Portland General Electric (NYSE; POR), Fortis (TSE: FTS), Sensient (NYSE: SXT), Essent Group (NYSE: ESNT), Agnico-Eagle Mines (NYSE: AEM),  Air Canada (OTCMKTS: ACDVF), CAE (NYSE: CAE), Newmark Group (Nasdaq: NMRK), TC Energy (NYSE: TRP).

Notable IPOs Today: Triton International Limited (NYSE: TRTN), Northpointe Bancshares, Inc. (NYSE: NPB).

Notable Equity Crowdfunding Campaigns Ending Today: StockText (Netcapital), SticNstac (NetCapital), CountSharp (NetCapital), 20/20 GeneSystems (Wefunder), Fantize (Netcapital), HeadFarm (Netcapital).

Notable Economic Events Today: Retail Sales / Core Retail Sales (8:30 a.m. ET), Export Price Index / Import Price Index (8:30 a.m. ET), Industrial Production (9:15 a.m. ET), Retail Inventories Without Autos (10:00 a.m. ET), Business Inventories (10:00 a.m. ET).

Twilio's Disappointing Outlook

If you feel the desire to write a book, what would it be about?

Gif by twilio on Giphy

Twilio (NYSE; TWLO) sank 7.32% in after-hours trading on Thursday after posting its recent financial earnings results.

Financials: Twilio reported earnings of $1 per share in the past quarter, which was lower than expected. Revenue reached $1.19 billion, which was better than expected.

Outlook: The cloud communications company only anticipates earnings per share between 88 cents and 93 cents in the current quarter. Investors expected a stronger outlook.

Final Thoughts: Despite the rough outlook, Twilio’s stock price doubled in the last 12 months.

Airbnb Posts Strong Results

Airbnb (Nasdaq: ABNB) reported earnings of 73 cents per share and revenue of $2.48 billion during its financial results release on Thursday, sending shares up 14.22% in after-hours trading.

Final Thoughts: The company is also projecting a good outlook. In the past 12 months, the stock was down 6%.

Streaming Winner: Roku Stock Jumps On Improving Profitability, User Growth (Investor’s Business Daily)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.