GameStop Corp. (NYSE:GME)

[behappyalways]

The Pain Trade: Citron's Andrew Left Says He's Shorting GameStop...Again
https://www.zerohedge.com/markets/pain- ... econd-time

[behappyalways]

Roaring Kitty Ends Bizarre Livestream As GameStop Crashes
https://www.zerohedge.com/markets/games ... itty-event

[winston]

not vested

GameStop reported a drop in sales and announced a more than US$3 billion stock offer as it released its first-quarter report in advance, sending the shares of the video game retailer down sharply in volatile trading.

Net sales fell to US$881.8 million compared with US$1.24 billion a year ago.

GameStop has not earned a profit since the fiscal year ended February 2018, sapped by the shift to online gaming.

The company did not say why it moved up its results and did not respond to a request for comment.

Shares were down 23 per cent in heavy activity on Friday.

In its latest quarter, its net loss narrowed to US$32.3 million from US$50.5 million a year ago, while its adjusted loss per share of 12 cents was higher than expectations of nine cents.

However, the return of Gill, also known as “Roaring Kitty,” provided some impetus for GameStop to announce plans to sell up to 75 million shares, days after it made nearly US$933.4 million by selling 45 million shares.

Since a post from an account belonging to Gill on social media network X on May 13, GameStop shares have more than doubled in value.

Source: Phillips