Shares of GameStop , a widely watched meme stock, tumbled 15% on Wednesday after the video game retailer reported a bigger drop in quarterly revenue, questioning its ability to revitalize its business.

After reporting its latest quarterly results, GameStop shares slumped lower in early trading on September 11. GameStop , which has had only one profitable non-holiday quarter in t

GameStop stock is plunging Wednesday after the video-game retailer said sales declined in Q2 and that it's selling shares to raise cash.