Current:Home > MyRoaring Kitty is back. What to know about the investor who cashed in on GameStop in 2021 -Wealth Harmony Labs
Roaring Kitty is back. What to know about the investor who cashed in on GameStop in 2021
View
Date:2025-04-19 16:49:13
Roaring Kitty, a trader and YouTuber with a cult-like following has returned, causing GameStop's stock to jump 50% on Monday.
Roaring Kitty, real name Keith Patrick Gill, gained prominence in January 2021 when he set off a surge in GameStop's stock, Reuters reported. At one point, on January 28, 2021, shares reached over $500 in pre-market trading before dropping to $483 during trading hours, according to The Street.
Gill, 37, is now back after taking a years-long hiatus. He seemingly confirmed his return Sunday on X by posting a photo of a man intensely playing a video game.
Gill continued to garner support and adulation from fans on Monday as he posted clips from movies on his X account, including footage of Thanos grabbing the Infinity Gauntlet from Marvel Studios' "Avengers: Infinity War."
Gill's comeback has already caused commotion, but here's more information on who Roaring Kitty is.
Who is Roaring Kitty?
Keith Gill became popular after creating Roaring Kitty on YouTube and "DeepF***ingValue" on Reddit, according to Reuters.
Gill is from Brockton, Massachusetts, and a former track and field star at his high school, according to Investopedia and The Wall Street Journal. Before becoming Roaring Kitty, he worked at a subsidiary of MassMutual as the director of education and wellness, the WSJ said.
Gill joined X, formerly known as Twitter, in 2014 under the name @TheRoaringKitty, Investopedia said.
The 2023 film "Dumb Money" chronicles Gill's time as Roaring Kitty and shows how his efforts affected Wall Street. Actor Paul Dano plays Gill in the film.
How did Keith Gill influence people to buy GameStop?
Gill's never-give-up personality, which the movie "Dumb Money" depicts, helped him influence people to buy and hold GameStop during the short squeeze in January 2021.
A short squeeze occurs when "the price of a stock moves sharply higher, prompting traders who bet its price would fall to buy it to avoid greater losses," by closing out their bets, according to Investopedia. That rush to buy, however, results in more demand and a higher price for the stock. Speculators and traders who have short positions in a stock will face heavy losses, while people who bet the stock would rise will benefit.
What happened to Keith Gill after the GameStop surge?
On January 28, 2021, the same day GameStop's shares reached over $500, stock trading company Robinhood froze trades for GameStop, according to CNET.
Robinhood's decision led to the company receiving backlash from small investors, and Gill being ordered to testify before the U.S. Congress alongside U.S. hedge fund managers, Reuters reported.
GameStop's stock continued to decline month after month, leaving those who invested either thankful they cashed out early or angry they held and ended up with nothing.
It is unclear how much Gill made off of GameStop during the short squeeze, but Business Insider reported that his stock holdings in the game company were valued at $48 million at the height of the surge. He initially invested $53,000 into GameStop in 2019, according to the outlet.
veryGood! (6)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Ohio House pairs fix assuring President Biden is on fall ballot with foreign nationals giving ban
- Police dismantle pro-Palestinian camp at Wayne State University in Detroit
- Violence clouds the last day of campaigning for Mexico’s election
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Mining giant BHP pledges to invest in South Africa economy as it seeks support for Anglo bid
- More people make ‘no-buy year’ pledges as overspending or climate worries catch up with them
- The love in Bill Walton's voice when speaking about his four sons was unforgettable
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Sheriff denies that officers responding to Maine mass shooting had been drinking
Ranking
- The Best Stocking Stuffers Under $25
- Trial postponed in financial dispute over Ohio ancient earthworks deemed World Heritage site
- Turkey signals new military intervention in Syria if Kurdish groups hold municipal election
- Alito tells congressional Democrats he won't recuse over flags
- Arkansas State Police probe death of woman found after officer
- Paramore, Dua Lipa, more celebs call for ceasefire in Israel-Hamas war: 'Cannot support a genocide'
- Powerball winning numbers for May 29 drawing: Jackpot climbs to $143 million
- South Dakota man arrested and charged in Jan. 6 riot at the U.S. Capitol
Recommendation
Trump's 'stop
4 Pakistanis killed by Iranian border guards in remote southwestern region, Pakistani officials say
Graceland foreclosure: Emails allegedly from company claim sale of Elvis' home was a scam
TikTokers are helping each other go viral to pay off their debts. It says a lot about us.
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
'Evening the match': Melinda French Gates to give $1 billion to women's rights groups
TikTokers are helping each other go viral to pay off their debts. It says a lot about us.
Score 70% Off Banana Republic, 60% Off J.Crew, 65% Off Reebok, $545 Off iRobot Vacuums & More Deals