GameStop Slips to Lowest in 14 Years as Google Threatens Console

An employee assists customers shopping for Microsoft Corp. Xbox 360 video games inside a GameStop Corp. store.

Photographer: Luke Sharrett/Bloomberg
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GameStop Corp. fell 5.1 percent to $10.40 a share Wednesday, the lowest intraday since April 2005, as GameStop heads toward its second day of declines.

The selloff comes one day after Alphabet Inc.’s Google unveiled plans to debut a streaming service for video games later this year.