"has sold millions of dollars of new stock"......?
Not even accurate. The company has raised roughly $1.6 billion.
They can't make it seem like too good of news as the hedge funds that are short on GME have partial ownership of the corporation that owns the media group.
GameStop to join S&P MidCap 400 index next week
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- Zhenghao·2021-07-28NiceLikeReport