GameStop Reveals Early Q1 Earnings as Roaring Kitty Holdings Just Miss $1B
The ongoing saga regarding the GameStop stock continues as the video game retailer has revealed an early Q1 earnings report, as influential personality Keith Gill, better known as Roaring Kitty, has seen his holders just miss $1 billion. Indeed, the company unveiled $881 million in net sales, which is down from $1.2 billion at this time in 2023. The timing of the announcement and the revelation of the aforementioned 29% sales decline are of interest to many. Specifically, the company’s trajectory was set to make Gill a billionaire before markets opened Friday. That proved not to be the case, as GameStop had fallen 20% prior to opening. Source: Finbold Also Read: GameStop GME Price Prediction: June 2024 GameStop Announces Decline in Q1 Earnings in Early Announcement In 2021, one of the most interesting stock developments of all time began. Indeed, one Reddit user named Roaring Kitty facilitated the birth of the movement when he orchestrated a short squeeze on stoc...