GameStop wants to make shares more affordable for meme stock lovers
CNN
The "apes" bullish on GameStop may soon be able to buy their favorite stock at a much lower price.
The meme darling of the Reddit crowd wants to initiate a stock split, a move that will drastically reduce the cost of one share, the company said late Thursday in a Securities and Exchange Commission filing.
To do so, GameStop will have to ask shareholders at its upcoming annual meeting for approval to increase the number of its class A shares from 300 million to 1 billion.
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