(Credit: GameStop)Video game retailer GameStop saw its stock take a mighty tumble after Microsoft's Xbox One was announced earlier this week. Much of the stock's fall can be attributed to what some see as a sea change in the used game market, something that GameStop has dominated for years.
Investor concern appears to be due to a report published on MCV stating that Microsoft has negotiated a deal with retailers which sell used games. The deal would ensure that “publishers -- and Microsoft itself -- will get a cut of the lucrative used game market,” according to an earlier report from Yahoo! Games.Read More »from GameStop stock plummets following Xbox One used game reports