GameStop attempts second shareholder meeting after online demand crashes the first event
Meantime, Speaking of annual meetings, we're about an hour away from Gamestop's second attempt at an annual meeting. Our Kate Rooney's been tracking that action and joins us with more. Morning, Kate. Hey, Carl. Yeah, So this is Gamestops second attempt at an annual meeting. The last one was derailed after online shareholder demand crashed the website. It kicks off around 12:30 Eastern. The last meeting back in 2023 took only about 15 minutes. And there was a statement from CEO Ryan Cohen. So we could hear from him again today. And we may get some more details on how this company plans to deploy its new cash pile. So the video game retailer. Has been taking advantage of this meme stock rally issuing more shares bringing in about $2 billion in that last round of then shares of course have been wildly volatile in the as the now famous online booster of the stock Keith Gill AKA roaring Kitty got back on social media. His posts have really sparked this rally we've seen in recent months. But his live stream recently also failed to deliver any real updates or news about the company or his strategy. He does appear now to be the 4th largest shareholder in GameStop that was after posting a screenshot of his E*Trade account showing he now holds. More than 9 million shares. He does appear to have sold his call options that were set to expire this week. The latest on Gamestop's financials came from earnings. It disclosed a 29% drop in sales so far, no real sign of any sort of operational turn around. Guys, back to you.