Reported 12 months ago
The latest social-media buzz around 'Roaring Kitty' led to significant stock surges after a cartoon featuring a dog was posted, prompting trading halts. Concerns are rising about the influence of retail-trading leaders like Gill on meme stock frenzies and their potential impact on markets. While Gill has had success with GameStop, uncertainty surrounds his involvement with pet companies, sparking questions about the sustainability of meme-driven trading. The recent market volatility suggests a growing weariness towards Roaring Kitty's impact, indicating a shorter-lived influence on stock prices.
Source: YAHOO