Roaring Kitty: From Billionaire to Reflective Meme
The meme stock influencer Keith Gill, also known as Roaring Kitty or DeepFuckingValue, recently took a humorous jab at himself as the value of his GameStop holdings plummeted.
Roaring Kitty’s GameStop Holdings
- GameStop shares dropped 15% to about $24, marking a 63% decline from their peak price of $64.75.
- Gill, during an online stream, faced $235 million in daily losses on paper for his GameStop holdings.
- Previously, he shared screenshots of his E*Trade account, showing holdings worth $586 million.
The Rise and Fall of GameStop Shares
- GameStop shares spiked to $64.83 in mid-May due to Gill’s online presence.
- Despite the stock’s drop, Gill maintained a positive attitude during his livestream.
- He joked, “It is what it is. What am I going to do?” in response to his losses.
Twitter Speculation on Gill’s Wealth
- Twitter accounts speculated that Gill could have become a billionaire if GameStop’s share price had held above $65.
- Unusual Whales suggested that Gill was on track to reach billionaire status as GameStop surged.
- The announcement of Gill’s livestream led to a brief increase in GameStop’s stock price.
GameStop’s Rollercoaster Ride
- Gill was a key figure in a retail-led movement to challenge Wall Street short sellers with GameStop in 2021.
- When Gill resumed his online activity, interest in GameStop shares reignited.
- As of now, GameStop shares have fallen 8% in the past five trading days but are still up 38% since mid-May.
Continued Online Presence
- While Gill’s Reddit account remains inactive, his Twitter activity remains consistent.
- He recently shared a humorous image involving a green Uno card and a cat mask in a scene from “The Dark Knight.”
The Bottom Line
The views and opinions expressed in this post are for informational purposes only and do not constitute financial, investment, or other advice.
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