GameStop postpones shareholder meet to June 17 after technical difficulties

FILE PHOTO: Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. REUTERS/Brendan McDermid/File Photo

(Reuters) - Video game retailer GameStop said that its virtual annual shareholders' meeting on Thursday was postponed without any business being conducted due to technical difficulties.

The company, at the center of a meme stock frenzy, said that the meet scheduled for 10 a.m. CT (1500 GMT) was adjourned due to technical problems with the third-party hosting site and will be hosted on June 17.

Shares of the company were down 4.3% after the bell.

Up to Thursday's close, GameStop's volatile shares have jumped about 66% this year, following the re-emergence of the stock influencer Keith Gill, who uses the moniker Roaring Kitty.

Gill updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week.

(Reporting by Sourasis Bose in Bengaluru; Editing by Alan Barona)

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