Future Tech

GameStop postpones shareholder meet to June 17 after technical difficulties

Tan KW
Publish date: Fri, 14 Jun 2024, 09:46 AM
Tan KW
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Future Tech

 Video game retailer GameStop said that its virtual annual shareholders' meeting on Thursday was postponed without any business being conducted due to technical difficulties.

The company, at the center of a meme stock frenzy, said that the meet scheduled for 10 a.m. CT (1500 GMT) was adjourned due to technical problems with the third-party hosting site and will be hosted on June 17.

Shares of the company were down 4.3% after the bell.

Up to Thursday's close, GameStop's volatile shares have jumped about 66% this year, following the re-emergence of the stock influencer Keith Gill, who uses the moniker Roaring Kitty.

Gill updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week.

 


  - Reuters

 

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