Reported 6 months ago
Roaring Kitty, or Keith Gill, hosted his long-awaited livestream where he rambled about memes and revealed his E-Trade account, primarily consisting of GameStop stock. Despite his bullish comments on GameStop and CEO Ryan Cohen's strategy, the stock plummeted 41% during the livestream, marked by trading halts and high volume. Gill's $236 million paper loss did not deter his optimism, emphasizing his belief in the team's potential to turn things around. However, he also cautioned followers on the uncertainties of investing. GameStop's stock took a hit after an unexpected earnings announcement and plans to sell more shares, overshadowing Gill's livestream presence and showcasing the stock volatility.
Source: YAHOO