Current:Home > InvestRoaring Kitty is back. What to know about the investor who cashed in on GameStop in 2021 -Blueprint Wealth Network
Roaring Kitty is back. What to know about the investor who cashed in on GameStop in 2021
View
Date:2025-04-14 03:27:23
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! (741)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Chinese barge suspected of looting World War II shipwrecks: Desecration of war graves
- Gwyneth Paltrow Wins Utah Ski Crash Trial and Is Granted $1 in Damages
- JoJo Siwa's Ex Katie Mills Reacts to Clout Chasing and Love Bombing Accusations
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Why The Handmaid's Tale Showrunner Suddenly Stepped Down Before Season 6
- 2 dead, over 200 at risk of suspected meningitis after surgeries in Mexico, CDC says
- Amazon Has the Cutest Transitional Spring Sweaters for Under $40
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Brooklyn Peltz Beckham Explains Controversial Choice to Cook With a Wine Cork
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Novak Djokovic wades into Kosovo-Serbia controversy at French Open as dozens injured in clashes
- Doja Cat Claps Back Over Plastic Surgery Confessions
- Danielle Brooks Shares Teary Reaction to Orange Is the New Black's 10th Anniversary
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- 45 bags containing human remains found after 7 young people go missing in western Mexico
- Beverly Hills, 90210’s Jason Priestley Reflects on “Bittersweet” Anniversary of Luke Perry’s Death
- Switzerland was Tina Turner's longtime home. Why did the star leave the U.S.?
Recommendation
All That You Wanted to Know About She’s All That
Killer whales are ramming into boats and damaging them. The reason remains a mystery.
Fatal stabbing of teen girl in public sparks outrage in India
Large, unexploded WWII bomb forces 2,500 to evacuate in Poland
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Footprints revive hope of finding 4 children missing after plane crash in Colombia jungle
Blac Chyna Shares Update on Co-Parenting Relationships With Rob Kardashian and Tyga
Jennifer Aniston Responds to Claims That Friends Is Offensive