The latest news is that GameStop is planning to sell 3.5 million shares which makes perfect sense given their elevated share price.
If there is one complaint about share buybacks and share issuances it is that companies do it at exactly the wrong time - buying back when the share price is high and selling shares when the price is low.
But this gamestop is actually good timing. With prices still 20x off the lows, this is a relatively high price to sell at.
One group of people who might be upset though could be wallstreetbets. With more shares floated, it will be harder to orchestrate a short squeeze.
Perhaps this is the end of the wallstreetbets GME short-squeeze.