Shares of GameStop plunged 41% after Keith Gill's live broadcast
key point
- GameStop shares plunge 41% after Keith Gill's livestream (Roaring Kitty).
- Keith Gill confirmed his GameStop holdings during the live broadcast and emphasized his independent investment strategy.
- GameStop reported a serious quarterly financial loss, with sales falling to $882 million, well below expectations.
- The company plans to issue up to 75 million new shares to take advantage of stock price fluctuations and strengthen its financial position.
- Massachusetts securities regulators are investigating Gill GameStop's trading activities.