When you’re dealing with an Internet mob, though, attention eventually fades. High stock prices don’t necessarily indicate that the company as a whole is doing well, but they can at least help keep people liking the stock. GameStop hasn’t mentioned its ardent retail trading fans much in its earnings calls, but the company’s stock has clearly benefited from their enthusiasm - at the beginning of 2021, it was hovering around $20 per share, and it closed on Tuesday at $177.84, according to Yahoo Finance. GameStop’s many job listings for NFT and Web3 Gaming-related positions. While sometimes job listings are just job listings, in this case, it may be a play by GameStop to get back on WallStreetBets’ radar or to work its way into the crypto community’s good graces. That tracks with the other job listings, which indicate that GameStop is developing some sort of NFT platform, likely based on Ethereum. If you’re lucky enough to have never heard the phrase “Web3,” it’s often used to describe a decentralized, crypto-based internet. One of those ads, discovered by CoinDesk, is a LinkedIn listing for a “Head of Web3 Gaming” in which the company says it’s looking for someone to “accelerate the future of gaming and commerce” based on blockchains.
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After a rollercoaster of a year on the stock market fueled by WallStreetBets retail trading, GameStop is going full meme and looking to build a “Web3” platform, according to a flurry of job listings posted to its careers site on Monday.