Reported 7 months ago
Roaring Kitty, also known as Keith Gill, made optimistic predictions for GameStop's future, but most have not materialized. Despite a $116 million investment in the company this year, GameStop's shares have only risen by 45%, with challenges in sales and profitability persisting. Gill's forecasts on revenue growth, shift to digital economy, and GameStop's rebranding have yet to be realized. The company, facing financial struggles, has closed down its cryptocurrency and NFT business according to reports. GameStop's stock price surged with retail investor enthusiasm, enabling it to raise significant capital through share sales. Gill remains confident in the company's prospects despite ongoing setbacks.
Source: YAHOO