) stock plunged more than 30% Friday as more than half a million viewers tuned in for a much anticipated YouTube livestream from "Roaring Kitty," an alias used in the past by bullish retail investor Keith Gill.
For the first quarter, GameStop posted an adjusted loss of $0.12 per share versus estimates of a loss of $0.09. Net sales dropped 29% to $882 million versus analyst estimates of $995.5 million. Wall Street was expecting the quarterly results later this month.
"The fact that this individual bought short-dated call options on GameStop and then tweeted for the first time in forever — knowing full well that these Reddit WallStreetBets folks would then drive the stock price up ... it is shady," Loop Capital Markets managing director Anthony Chukumba told Yahoo Finance on Thursday afternoon.) E-Trade platform were considering kicking off an account tied to the screenshot. Shares of GameStop fell roughly 5% the next day.