Game Post GameStop has been shorted by billionaire investors, and its share price has fallen by about 30% this year.

CTOnews.com, Nov. 23 (Xinhua)-- billionaire investor Carl Icahn is shorting U. S. video game retailer GameStop, Bloomberg reported.

Icahn began shorting GameStop in January 2021 and still holds a large position, betting that the video game retailer's share price will fall, according to people familiar with the matter.

At present, the exact size of this short position is unclear. GameStop shares were up 4.53 per cent as of Tuesday's close. The stock has fallen about 30% this year, surpassing the 17.1% decline in the s & p 500.

CTOnews.com learned that the results showed that GameStop's second-quarter loss was smaller than Wall Street analysts had expected. In September, GameStop also announced a partnership with FTX US to expand opportunities in the cryptocurrency market. On November 11, FTX announced that it had initiated bankruptcy proceedings in the United States.