Sebastian plays down Amazon impact on GameStop

GI.Biz writes: "Following the announcement yesterday that Amazon was to offer site credits for pre-owned videogames, Lazard Capital senior analyst Colin Sebastian has released an investor note for GameStop playing down, in his view, the impact the move will have on the bricks-and-mortar retail chain.

However, investors didn't necessarily agree, with GameStop's share price falling significantly further than the market average - by 14 per cent to USD 23.46."

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