GameStop stock tanks 30% as meme rally fades

GameStop's stock plummeted 30% as the enthusiasm for meme stocks waned, following a recent surge driven by a short squeeze. The stock had previously soared 180% over two sessions, influenced by Keith Gill, known as "Roaring Kitty," who had sparked a similar rally in 2021. Other meme stocks like AMC also dropped significantly. Despite the decline, short interest in GameStop remains high, suggesting continued volatility and interest from traders betting against the stock.