According to The Kobeissi Letter, Take-Two Interactive ($TTWO) shares dropped 12% following the company's announcement that the highly anticipated Grand Theft Auto 6 (GTA 6) release has been postponed until May 2026. This delay raises concerns about near-term revenue projections and may increase volatility in $TTWO trading, as investors reassess growth expectations based on the new timeline (source: The Kobeissi Letter, Twitter, May 2, 2025). Traders should monitor further updates on development progress and watch for potential support levels as institutional investors may adjust positions in response to the revised release schedule.