Stocks

GameStop's GME Shareholder Meeting Delayed Amid Strong Retail Interest

Published June 14, 2024

The annual shareholder meeting of GameStop Corp. GME, a prominent figure in the retail trading saga, has recently faced an unexpected hiccup. Intense online retail investor interest overwhelmed the company's server capacity, resulting in a temporary crash and the subsequent deferment of the much-anticipated event. This hiccup prompts a question within the investment community: could the rescheduled meeting potentially coincide with 'National Take Your Cat To Work Day' – a nod to an iconic celebrant of GameStop's storied stock rise, Roaring Kitty, also known as Keith Gill?

Unprecedented Retail Investor Attention

As enthusiasts eagerly awaited the shareholder gathering, the sheer number of participants attempting to join the online meeting caused GameStop's servers to buckle, leading to a delay. This overwhelming interest highlights the unique sway retail investors hold over the narrative and direction of GME. The company, headquartered in Grapevine, Texas, has felt the effects of this new investor-driven reality firsthand.

Rescheduling Aligns with a Possible Roaring Kitty Holiday

Following the server crash, Game collaborations with its investors had to be put on hold. GameStop quickly moved to reschedule the meeting for the following Friday. However, in an unexpected turn of events, GME decided on yet another shift in the agenda. Speculation arises that the rescheduled date may indeed align with a playful yet symbolic holiday, 'National Take Your Cat To Work Day', which could hold significance for Roaring Kitty, a trader who famously championed the GME stock during its high-profile market surge.

GameStop, Meeting, Postponement