May 17, 2024 - Economy
Charted: Meme stock GameStop crashes
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GameStop, the OG of meme stocks, closed down nearly 20% today after disclosing plans to sell more shares.
- It also reported preliminary Q1 results that suggest revenue is down as much as nearly 30% from a year ago.
The big picture: Friday's crash put an end to this week's brief rally in the company's share price, which followed the return of meme stock investor Keith Gill, or "Roaring Kitty," to X.
