GameStop Shares Plummet 40% Despite 'Roaring Kitty' Livestream
Keith Gill's return to YouTube failed to rally investors as GameStop announced a $3 billion share sale.
- Gill's livestream drew over 600,000 viewers but lacked substantial financial insights.
- GameStop shares had surged 50% prior to the stream but fell sharply during and after.
- The company plans to sell 75 million shares to raise capital, causing investor concern.
- Gill expressed confidence in CEO Ryan Cohen but warned viewers about the risks of investing.
- Retail traders continue to show interest in meme stocks despite volatility and mixed results.