The post GameStop Server Crash Delays Shareholder Meeting Amid High Turnout appeared on BitcoinEthereumNews.com.

GameStop has postponed its annual shareholders meeting indefinitely due to a server crash caused by a large turnout. This was compounded by rumors that famous investor and influencer Keith Gill, also known as Roaring Kitty, could be named to the board. The technical challenges emerged when the company’s share price was volatile and increased 12% on the scheduled meeting day. GameStop Server Crash Stalls Director Vote As shareholders prepared to vote on the election of five directors, the surge in online attendees overwhelmed the hosting service’s capabilities. The official stream provider, Computer Share, confirmed to CNBC that their systems could not handle the demand, leading to a crash. This left thousands of people needing a way of getting into the meeting, which was closed after just 50 minutes of holding music. ”We are in the process of addressing this problem and will post information on the status of the issue as soon as possible,” said a representative of GameStop. During this time, numerous viewers and investors shifted their focus to other platforms, including Twitch, YouTube, and Discord, where people tried to stream the meeting. Nonetheless, GameStop stock held firm and ended the day only a few cents shy of 12% to trade at $28.40. Some shareholders complained they had to waste time, while others welcomed the high turnout that led to the server crash. “It is a clear indication of the strength of the community that much interest can even affect our servers,” said one of the shareholders who preferred not to be named. Keith Gill’s Board Role Keeps Fans Guessing Interest in Keith Gill as a potential member of Gamehost’s board has not waned since he suggested that he owns a significant stake in the company. Gill has been in the limelight, especially after the 2021 GameStop short squeeze,…

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Filed under: News - @ June 14, 2024 8:20 am