Gamestop Promoted To S&P 500
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December 6th, 2007
The world’s largest game retailer, Gamestop, has been promoted to the S&P 500 index at the stock exchange in New York. This comes after a record quarter of over $1.6 billion in sales and $52 million in net income. Standard & Poors 500 financial index tracks companies with a minimum market-capitalization of $5 billion. Gamestop will replace Dow Jones, which was bough recently by News Corp.
Earlier this year, Gamestop opened its 5,000th store, and currently employs over 44,000 people.
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