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…
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