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In this Feb. 1, 2019, file photo, Bill and Melinda Gates look toward each other and smile while being interviewed in Kirkland, Washington.

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GameStop is expected to lose money this year and next year. Sales growth is sluggish as fewer gamers need to go to stores — or even shop online — when they can download new titles directly from their consoles, PCs, phones or tablets. So why are shares of the video game retailer up more than 275% so far in 2021?