Update on GME float
- Wilton Risenhoover
We source data from a variety of places, and one of them is XBRL data encoded directly in the SEC filings. We have found that generally this data is current, and when a new value is disclosed we have treated it as such.
However, on March 23, GME filed a 10-K where they disclosed float of 244M shares. Our systems treated this as a current value, but unfortunately, the value was as of July 31, 2020 - nine months prior.
In order to prevent this from happening in the future, we will re-examine the systems that extract this data to ensure that stale data of this type is not reported as current.
Because the data was incorrect, we have restated the numbers using the most recent data we have on file.
Here is a link to the original filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638021000032/gme-20210130.htm
