Billionaire and famed investor Leon Cooperman said on CNBC that investors do not own GameStop, speculators do. The company’s business is “going down the toilet” and it is has no earnings, Cooperman said in an interview. Shares of GameStop are well off their lows but remains down 19% to $279.32 in midday trading. Cooperman added that he’s no long or short GameStop shares.
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