Servers for GameStop annual shareholder meeting crash due to overwhelming interest

GameStop’s annual shareholder meeting was disrupted by computer problems Thursday, as servers crashed under overwhelming interest in the stream, a customer service representative for the company hosting the stream told CNBC

According to a YouTube stream from an unaffiliated user purporting to reproduce the feed, the annual meeting was brought to order at 11:48 a.m. ET and was “immediately adjourned ... due to technical difficulties that have prevented stockholders from accessing the meeting.” GameStop said it would provide an update “as soon as possible” as to when the event would be rescheduled, according to that feed.

The rep said ComputerShare’s servers appeared to be unable to handle the amount of traffic the meeting had received and weren’t accustomed to the volume of accounts. They added that ComputerShare’s tech team was working to solve the issue and advised interested parties to attempt to log in “every 5 to 10 minutes.”
The debacle comes amid a new meme stock craze that surged when Keith Gill — known as Roaring Kitty online — resumed posting on his social accounts after going dark for more than three years. Gill gained notoriety in the online trading realm for his big bets on the stock, spurring a frenzy among retail traders.

GameStop surged 14.4% on Thursday in another volatile session.