GameStop Shares Plummet Despite 'Roaring Kitty' Livestream
Keith Gill's return to YouTube fails to reassure investors as GameStop's stock drops 40% following weak earnings and a planned stock sale.
- GameStop reported a 29% drop in quarterly sales and a $32.3 million loss.
- The company announced plans to sell up to 75 million additional shares.
- Keith Gill, known as 'Roaring Kitty,' reiterated his support for GameStop's management.
- The livestream drew over 600,000 viewers but offered no new strategic insights.
- Regulatory scrutiny on Gill's trading activities is intensifying.
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