The lack of transparency is hurting @gamestop 🚫
They announced a $1.75B raise yesterday — news that would typically be very bullish & excite investors.
In $GME's case?
→ It caused the stock to drop over 25%
($30 to $21.50)
Why?
No one knows what they're doing with the money; CEO Ryan Cohen confirmed that they:
- Won't be telegraphing future BTC purchases
- Won't be following anyone else's strategy
Read the full article on @DecryptMedia ⬇️