New York (EFE).- The virtual meeting of shareholders of the American video game company GameStop, known on Wall Street for the volatility of its ‘meme stocks’, was interrupted this Thursday by a computer problem caused by high user demand who were trying to get into the transmission.
The meeting was scheduled for 11:00 a.m. local time in New York (3:00 p.m. GMT), but the page stopped loading and users received messages notifying them of an error, according to the CNBC portal.
However, the company quickly fixed the problem and resumed the meeting at 11:48 in the morning.
GameStop, back in the ring
A representative from ComputerShare – a company that provides assistance to investors in case of incidents – told CNBC that its servers were “incapable” of handling the overwhelming amount of traffic that the meeting had received.
GameStop was part of the stock market revolution driven by users of the Reddit forum called Wall Street Bets against hedge funds in 2021, a movement recently restarted with the return to social networks of one of its leaders, ‘Roaring Kitty’, whose real name It’s Keith Gill.
The company has been in the spotlight since May, when ‘Roaring Kitty’ reappeared on social media and claimed that it had a position worth $116 million (about €108 million) in GameStop.
‘Roaring Kitty’ Reappearance
Furthermore, on June 10, the American investor returned to his YouTube channel after four years to carry out a live broadcast that was followed by almost half a million users.
On Thursday, GameStop closed around 14.4% on Wall Street, thus perpetuating the volatility of its shares.
Additionally, the company’s asset selling intensified on Wednesday after trading volume for ‘Roaring Kitty’ call options soared.
In total, 93,266 GameStop contracts priced at $20 and expiring on June 21 were traded.
Some analysts think this wave of contracts could mean that ‘Roaring Kitty’ has sold some of his 120,000 GameStop call options.
