The Social Media Reaction To GameStop's Stock Split Plans

Shares of Video game retailer GameStop Corp GME surged more than 20% in Thursday’s after-hours session amid a report that the company is planning a stock split.

GameStop will ask shareholders to vote to authorize an additional 600 million shares of its class A common stock at its upcoming shareholder meeting, which would bring the number of outstanding shares from from 300 million to 1 billion.

Meme stocks that trade in tandem with GameStop such as Bed Bath & Beyond BBBY, AMC Entertainment Holdings Inc AMC and Koss Corporation KOSS reacted positively to the news.

Investors in the fintwit (financial twitter) community responded positively to the news as well, with some thanking GameStop chairman Ryan Cohen personally for the proposed split. Here are some of the reactions.  

GME stock split and dividend. This all makes so much fucking sense.

The halts, the bleed. All of it.

I love you @GameStop @ryancohen

— Joshua (@LucidLCM) March 31, 2022

🚨BREAKING🚨$GME split confirmed in their 8k via a dividend.https://t.co/faWl6Anw3I pic.twitter.com/LgPJMgx95X

— unusual_whales (@unusual_whales) March 31, 2022

HOLY FUCKING SHIT!#GME STOCK SPLIT!!!

— Matt Kohrs (🦍,🦍) (@matt_kohrs) March 31, 2022

$AMC $GME $HYMC After Hours is pure insanity right now 😳

— TaraBull (@TaraBull808) March 31, 2022

Shorts have completely trapped themselves now with $GME #GME

— Wolf of My Street🏡 (@Ryan__Rigg) March 31, 2022

My cat’s reaction to $gme stock split, knowing full well shorters gonna get f*cked. #gme pic.twitter.com/EPPrShWW8j

— carlostrades (@rockstar_stocks) March 31, 2022

HOW I FEEL RN $GME #GME LFG #LRC $LRC ��� pic.twitter.com/fMzhu11bdt

— LightningWarrior � (@LightninWarrior) March 31, 2022

I'm at work just got the news im shaking lol $GME power to the players

— 🏴‍�$GME DEEP MACHO VALUE🍦🐸 #GME Ape T (@Cryptopia33) March 31, 2022

RC coming out at the next shareholder's meeting. $GME pic.twitter.com/GNkR47Pe5f

— Turdfurg23 (@Taylor72350938) March 31, 2022