GameStop Shares Plunge Amid Roaring Kitty's Return and Stock Offering
Keith Gill's livestream and GameStop's equity sale lead to significant stock volatility and investor uncertainty.
- GameStop shares dropped nearly 50% following Keith Gill's first livestream in three years.
- Gill's substantial options position faces time decay with the upcoming expiration date.
- GameStop announced a new stock offering, raising $2.14 billion but diluting share value.
- Gill's followers have engaged in extreme behavior, including doxxing and conspiracy theories.
- The U.S. SEC is investigating Gill for potential market manipulation.