GameStop shares are down 16% after plunging 40% on Friday

Reddit user Keith Gill is credited with inspiring GameStop’s rally. He appeared during a YouTube livestream conducted on a laptop at the New York Stock Exchange on June 7, 2024.

Michael Nagle | Bloomberg | Getty Images

Shares of GameStop fell more than 16% on Monday, as the meme stock continued its slide on Friday in the wake of a disappointing earnings report and a disappointing livestream from Roaring Kitty.

The video game company’s stock fell to just under $24 per share on Monday after falling nearly 40% on Friday. GameStop released its earnings report a few days ahead of schedule, showing that sales fell 29% in the first quarter. GameStop also announced it was selling an additional 75 million shares.


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