GameStop Annual Meeting Creates Social Media Buzz

GameStop’s upcoming annual meeting, scheduled for Monday at 12:30 p.m. ET, has stirred significant excitement among the company’s enthusiastic retail investors, particularly after recent disclosures by influential stock figure Keith Gill, known as Roaring Kitty.

Background of Recent Events:

GameStop shares have experienced volatile swings following Keith Gill’s reappearance and subsequent disclosure of a substantial stake in the company. Gill, a prominent figure in the meme stock phenomenon of 2021, has reiterated his bullish outlook on GameStop in recent livestreams.

Technical Glitch and Adjournment:

Earlier this week, a planned meeting had to be adjourned due to a technical glitch caused by overwhelming demand from shareholders trying to access the online feed provided by Computershare, the meeting’s host.

Computershare stated, “Unprecedented demand from shareholders wanting to access GameStop’s Annual General Meeting led to a technical issue that prevented some investors from getting through, and the meeting was adjourned.”

Uncertainty and Speculation:

As the rescheduled meeting approaches, investors and analysts are speculating about the agenda and Keith Gill’s potential participation.

The last shareholder meeting in June 2023 was brief, featuring only a short statement from CEO Ryan Cohen.

GameStop confirmed the technical issue but declined further comment, and Keith Gill did not respond to requests for comment.

Social Media Reaction and Memes:

Despite the uncertainties, fans of Roaring Kitty have been active on social media, speculating and creating memes ahead of the meeting. These include images and posts celebrating Gill’s influence and anticipating his possible role at the event.

Recent Developments and Market Response:

Recently, Keith Gill disclosed an updated ownership position, revealing ownership of approximately 9 million shares in GameStop, alongside adjustments in his options holdings.

The company’s shares closed down 1% at $28.70 on Friday, showing a 67% increase since Gill’ s return to social media in early June.