Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

GameStop drops 40% as ‘Roaring Kitty’ fails to excite.

Listen to the article now

courtesy: Reddit

Keith Gill’s first webcast in three years failed to turn investors interested in GameStop on Friday to reverse a roughly 40% drop in its price after announcing a $3 billion share sale.
Gill joked about memes and disclaimed GameStop on a livestream with over 600,000 viewers. He led an eye-popping rally in the faltering company’s shares in 2021.

On YouTube as “Roaring Kitty,” he warned viewers they could “lose it all” and that his “aggressive style of investing is almost certainly not suitable for you all.”
GameStop shares, which reported quarterly results four days early on Friday, rose over 50% the day before Gill announced the livestream.
Volatile trading in GameStop, AMC Entertainment  and other stocks since Gill’s return to social media last month suggests investors still like risky trades on struggling companies.

“You post a couple of memes and screenshots, and everyone loses their minds,” Gill remarked on livestream in a headband and white sunglasses.
The stock ended at $28.22 following repeated halts before and during the planned livestream.


Comment Template

You May Also Like

Technology

Microsoft hired Inflection’s co-founders and other workers to handle its Copilot initiative in March, and Inflection stated its AI model will be hosted on...

Technology

Tesla has a deal with Baidu to update its mapping software, bringing it closer to deploying FSD in China. The Chinese tech giant announced...

Technology

Growing competition from China is impacting the prognosis for Germany’s robotics industry, which is already battling with declining orders in a sluggish home economy,...

Technology

The startup behind You.com is receiving $50 million in new funding, according to a source familiar with the matter, as it looks to establish...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok