Share: Love it or hate it, video game retailer GameStop Corp. (NYSE: GME) has been the talk of Wall Street in the past week. The stock gained another 50% on Tuesday as a massive short squeeze continued, and S3 Partners analyst Ihor Dusaniwsky said GameStop short sellers keep racking up the losses. What Happened? GameStop’s underlying business took a pounding in 2020 due to the pandemic, and the company reported a 30.1% drop in revenue and an $18.8 million net loss in the third quarter. Earlier this month, the company reported $1.77 billion in revenue over the nine-week holiday shopping season, up 3.1% from a year ago. Same-store sales were up 4.8%.