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“Roaring Kitty” has suddenly become active again on SNS and is once again in the spotlight.
The famous meme stock retail trader, widely known as Keith Gill, published a photo depicting a video game player sitting slouched on Sunday night, marking the nearly three-year anniversary of his “Roaring Kitty” X account. Broken dormancy. Before that, his most recent post on X was in June 2021.
After Sunday’s post, and the subsequent slew of video clips he posted to his timeline on Monday, GameStop and other so-called “meme stocks” posted huge increases in their stock prices.
“ROARING KITTY” was posted on X, and GAMESTOP’s stock price skyrocketed
When testifying before Congress three years ago, the retailer revealed details about himself, including that he grew up in Massachusetts and was the first in his family to earn a bachelor’s degree.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| GME | GameStop Co., Ltd. | 30.47 | +13.03 | +74.72% |
Media outlets first linked Gill to X and the YouTube “Roaring Kitty” account and Reddit username “DeepF*ckingValue” in early 2021 during the GameStop short squeeze led by Reddit day traders. .
Gill testified in 2021 that his “GameStop investments and social media posts are entirely my own” and were derived solely from publicly available information. (Shelby Knowles/Bloomberg/File/Getty Images)
The price of GameStop stock rose significantly in late January 2021, reaching $483 at one point in trading on January 28th. As FOX Business previously reported, this comes after retail traders and Reddit traders took on short sellers and hedge funds. Other companies now considered “meme stocks” also saw their stock prices soar.
Gill has been connected to the meme stock craze of 2021 through his positive opinion of GameStop and updates about his investments in the video game retailer posted on his social media accounts.
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His involvement was recently depicted in director Craig Gillespie’s film “Dumb Money,” which is based on author Ben Mezrich’s book “Social Networks.” The filmmakers cast Paul Dano as Gil.
In testimony before the U.S. House of Representatives Financial Services Committee in February 2021, Gill said his “GameStop investment and social media posts are entirely my own” and were derived solely from publicly available information. He said that
Mr. Gill said he invested in GameStop because he believed the retailer was “significantly undervalued.” (Shelby Knowles/Bloomberg/File/Getty Images)
According to his testimony, he learned about investing in general from the time he spent analyzing stocks in and outside of his job.
“The idea that I used social media to promote GameStop stock to unsuspecting investors is ridiculous,” he testified at the time. “It was abundantly clear that my channel was for educational purposes only and that my aggressive investing style was likely not suitable for most people checking the channel.”
Reddit’s GameStop short squeeze becomes a ‘dumb money’ movie
He said he invested in GameStop because he believed it was “significantly undervalued.”
Breck Dumas contributed to this report.
