Meme Stocks Fall; GameStop Drops 19%; Koss Falls 8%; AMC down 4%
Meme stocks fell in morning trading. GameStop fell 19%; Koss fell 8%; AMC fell 4%; Akanda fell 1.5%.
GameStop shares fell on Thursday after the company announced plans for a big convertible notes offering expected largely to fund its Bitcoin-buying aims.
The company in a press release said it was offering $1.75 billion in the notes, with as much as $250 million more available to initial purchasers of the notes. The news affirmed plans announced in March.
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