SAN FRANCISCO (MarketWatch) -- Shares of GameStop Corp. GME +7.32% jumped nearly 7% to $37 on Friday morning after Microsoft clarified its policies surrounding used videogames on the Xbox One console. In a blog post, Microsoft said "we designed Xbox One so game publishers can enable you to trade in your games at participating retailers," adding that it would not charge a "platform fee" for enabling the transfer of used games. The stock took a hit last month after Microsoft MSFT +1.32% first unveiled the Xbox One, as some news reports suggested the company would charge a fee to play pre-owned games on the device. The Xbox One and PlayStation 4 from Sony Corp. are expected to be showcased Monday at the E3 videogame conference in Los Angeles.
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This is great news. Gamestop is the only major gaming store in America. You can hate on them all day but they're very important to the gaming industry.
Well, I guess most people understand what Microsoft said about used games, and didn't jump the gun like Sony fans.
Of course their stock will be up, they just became an oligopoly.
Nobody is being forced to shop there
Of course it went up. this crap that microsoft created is going to kill the competition for gamestop.
this is serious BS..