GameStop Servers Crash as Fans Ton Board Meeting for Indications of Roaring Cat

Gaming store GameStop postponed its annual meeting until further notice after technical difficulties avoided shareholders from joining, because of overwhelming demand from fans and investors attempting to hear around the firm’s next moves.

This comes among speculation the firm will consider adding prominent influencer and investor Roaring Cat (also known as Keith Gill) to the board, after an unverified document announcing the annual meeting of stockholders circulated on social networking.

Throughout the meeting, shareholders will need to elect five company directors for everyone for the following year. Some Roaring Cat fanatics required this like a sign the GameStop bull would be included to the board, fueling speculation across social networking.

Because the planned virtual meeting neared, GameStop (GME) rose 5% to $27.88, based on Google Finance. However, many stockholders reported that they are not able to obtain to the site which was hosting the meeting. Thousands of investors and fans rather flocked to Twitch, YouTube, and Discord streams that guaranteed to rebroadcast the occasions.

Stream host Computer Share confirmed to CNBC that it is servers crashed because of overwhelming interest in the GameStop meeting. After would-be attendees took in to 50 minutes of couch potatoes hold music around the stream, the meeting was “immediately adjourned” with the organization planning to give an update “as soon as you possibly can.”

Some attendees were annoyed that they’d wasted time, however, many locally made an appearance smug they could drive a lot interest to crash the servers.

Following a meeting postponement, GameStop’s share cost has become up nearly 12% at the time to $28.40, despite no update on once the meeting is going to be rescheduled to.

Keith Gill, also known as Roaring Cat or DeepFuckingValue, was in the center from the GameStop 2021 short squeeze which saw retail traders rallying behind the recording game stock.

After 3 years of silence he came back to Twitter in May, posting a slew of movie memes before disappearing again after GameStop’s cost tanked. 3 days later, he came back with a brand new tweet and, more considerably, a brand new publish on Reddit disclosing his GameStop holdings—totaling $586 million between shares and options.

This set happens for Gill’s go back to YouTube, getting in 700,000 viewers to his return livestream. Since that time, Roaring Cat mania has ongoing with individuals breaking lower his posts and speculating on his next move, while he’s mostly been happy to keep discussing memes.

Many GME fans believed Gill joining the GameStop board was next. Speculators will need to wait a minimum of a later date to discover whether this is the situation.

Edited by Andrew Hayward