- Allied Esports is a company which has sought to benefit from the increasing trend towards professional eSports.
- Some investors have been looking for another gaming stock to pop in the same vein as GameStop.
- Allied Esports is definitely not the next GameStop set to pop as the two firms share little in common.
- COVID-19 has proven to be a uniquely challenging event for Allied Esports due to its dependence on in-person events.
- Overall, Allied Esports is a risky long-term play on surging eSports once COVID has passed - if its SPAC-like plans don't come to fruition.
For further details see:
Allied Esports Won't Pop Like GameStop