GameStop, AMC decline as meme stock rally fizzles after just two days

GameStop and AMC shares dropped significantly in premarket trading, signaling a potential end to the brief meme stock rally. The decline follows a debt-for-equity swap announcement by AMC and a less robust retail interest compared to the 2021 trading frenzy. Despite a surge earlier in the week, fueled by a social media post from "Roaring Kitty," the excitement appears to be waning, with experts criticizing the movement as mere "gambling."