GAN floated on the NASDAQ just in time to catch what looks like the peak of the online gaming boom. GAN floated at $13 in May of 2020, peaked at $31 in February of 2021, and has been on a steady downwards slide ever since. Today, after underwhelming 2021 results, the share crashed 22 per cent at the opening bell to a low of $4.30. As I type, it’s trading at $4.80. What's happening at GAN? Two things appear to be happening at once. First, the market has lost patience with money-losing companies in general (GAN is still years from…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.