Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

GameStop Skyrockets on $900M Raise

May 28, 2024
Reading Time: 2 mins read
in News
GameStop Skyrockets on $900M Raise

GameStop’s meme stock status was revitalized as it surged nearly 20% in premarket trading after announcing the successful completion of its share sales, raking in a staggering $933 million. The company’s meteoric rise earlier in May, peaking at nearly six times its value, was partly attributed to the return of “Roaring Kitty” Keith Gill, a central figure in the 2021 retail trading frenzy. However, this surge was followed by a significant decline, with the stock losing 70% of its value by Friday’s close, reducing GameStop’s market value to $5.82 billion.

Despite the rollercoaster ride in its stock price, GameStop remains focused on its strategic objectives. The company intends to utilize the proceeds from the share sales for general corporate purposes, including potential acquisitions and investments. However, GameStop continues to grapple with the shifting dynamics of the video game retail industry, as consumers increasingly turn to e-commerce platforms for their gaming needs.

Tuesday’s rally not only signals a temporary resurgence for GameStop but also poses potential challenges for short sellers betting against its stock. Approximately 20.5% of GameStop’s publicly available shares were held in short positions, potentially amplifying the impact of the stock’s upward momentum. As GameStop navigates through these market fluctuations, its performance will continue to be closely monitored by investors and analysts alike, eager to gauge its ability to adapt to the evolving landscape of the gaming industry.

Reference:
  • GameStop’s Rally Follows $933 Million Boost from Share Sales
Tags: Cyber NewsCyber News 2024Cyber threatsCybersecurityGameStopMay 2024memeTrading
ADVERTISEMENT

Related Posts

Cities Roll Back License Plate Cameras

Alleged FINTOCH Scam Mastermind Arrestedv

October 30, 2025
Cities Roll Back License Plate Cameras

Vermont Hacker Avoids Jail For Data Theft

October 30, 2025
Cities Roll Back License Plate Cameras

Cities Roll Back License Plate Cameras

October 30, 2025
Paterson & Dowding Data Breach Confirmed

US Refuses To Join UN Cyber Treaty

October 29, 2025
Paterson & Dowding Data Breach Confirmed

Myanmar Scam Center Raided By Army

October 29, 2025
Paterson & Dowding Data Breach Confirmed

Chrome Makes HTTPS Default For Sites

October 29, 2025

Latest Alerts

PhantomRaven Npm Campaign Hides Bad Code

Cloaked AI Attack Makes Crawlers Cite Lies

Windows Cloud Files Minifilter Exploited

Npm Packages Steal Developer Logins

Android Trojan Herodotus Outsmarts Systems

X Warns Users To Re-enroll Keys Soon

Subscribe to our newsletter

    Latest Incidents

    Canada Warns Hackers Breach Critical ICS

    Family Health West Hit By Cyberattack

    Tasmanian Gov Agencies Hit By Cyber Attack

    Schneider And Emerson Hit By Oracle Hack

    M-TIBA Faces Possible Data Breach

    Paterson & Dowding Data Breach Confirmed

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial