Current:Home > ScamsGamestop’s annual shareholder meeting disrupted after ‘unprecedented demand’ causes tech issue -Nova Finance Academy
Gamestop’s annual shareholder meeting disrupted after ‘unprecedented demand’ causes tech issue
View
Date:2025-04-17 11:26:47
NEW YORK (AP) — Gamestop’s highly-anticipated shareholder meeting ran into a technical problem Thursday — resulting in many eager investors being unable to log on to the livestream.
A spokesperson for Computershare, the company hosting the webcast, confirmed that “unprecedented demand” from shareholders looking to access the meeting led to a “technical issue” that prevented some from getting through. The meeting was then adjourned.
“We’re really sorry that this happened and are working with our supplier to ensure that it does not happen again,” the spokesperson said in a statement sent to The Associated Press Thursday afternoon.
The meeting was originally slated to begin at 11 a.m. ET. Around that time, those attempting to use the link found that it wouldn’t load or received an error message.
According to social media accounts of those who appeared to make it on the call, Gamestop briefly cited “technical difficulties” before adjourning the meeting. It was not immediately clear when the event would be rescheduled.
The Grapevine, Texas-based video game retailer did not immediately respond to request for comment Thursday.
Despite the fumble, Gamestop’s shares were still up for than 6% by Thursday afternoon.
At the center of the meme stock craze, Gamestop saw a resurgence last month after Keith Gill, better known as “Roaring Kitty,” returned online for the first time in three years.
All eyes have been on whether Gamestop can make a comeback. Roaring Kitty recently took to YouTube on Friday, to tell his hordes of followers that he still believes GameStop’s management team can turn the struggling company around following a disappointing earnings report.
There’s a long way to go. Gamestop managed to narrow its losses in the first quarter, but its revenue fell as sales weakened for hardware and accessories, software and collectibles. GameStop also filed paperwork with securities regulators to sell up to 75 million shares of stock.
veryGood! (6476)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- T-Mobile buys most of U.S. Cellular in $4.4 billion deal
- Man charged with hate crimes after series of NYC street attacks
- New Jersey and wind farm developer Orsted settle claims for $125M over scrapped offshore projects
- Average rate on 30
- Save Up to 60% at Madewell's Post-Memorial Day Sale -- Here's What I'm Adding to My Cart
- How to start a book club people will actually want to join
- Mom speaks out after 3 daughters and their friend were stabbed at Massachusetts theater
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- No charges for officer in death of Michigan teen struck by police car during chase
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Most AAPI adults think history of racism should be taught in schools, AP-NORC poll finds
- Former mayor of South Dakota town charged in shooting deaths of 3 men
- Mayorkas says some migrants try to game the U.S. asylum system
- Former Syrian official arrested in California who oversaw prison charged with torture
- Judge weighs arguments in case seeking to disqualify ranked choice repeal measure from Alaska ballot
- British equestrian rider Georgie Campbell dies from fall while competing at event in U.K.
- Melinda French Gates announces $1 billion donation to support women and families, including reproductive rights
Recommendation
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
The Best Squat-Proof Bike Shorts for Working Out, Wearing Under Dresses & More
As federal parent PLUS loan interest rate soars, why it may be time to go private
A working group that emerged from a tragedy sets out to reform child welfare services
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Stock market today: Asian shares decline after a mixed post-holiday session on Wall Street
Ohio Billionaire Larry Connor Plans to Take Sub to Titanic Site After OceanGate Implosion
Teen rescued after 400-foot fall down canyon at bridge outside Seattle