GameStop shares slide 14% following Friday’s 40% sell-off

GameStop shares dropped by more than 14% as the meme stock continued its decline following a disappointing earnings report and an uninspiring livestream from Keith Gill, also known as Roaring Kitty. Gill revealed during the livestream that he did not have any institutional backers and that his GameStop positions were his only investments. Analysts remain skeptical about GameStop’s ability to turn things around after a series of failed strategies, including attempts to emulate Amazon and sell NFTs. They believe that any boost the company received from Gill’s livestream may be short-lived.


Discover more from GM.NEWS

Subscribe to get the latest posts to your email.

Discover more from GM.NEWS

Subscribe now to keep reading and get access to the full archive.

Continue reading