Current:Home > MarketsRoaring Kitty is back. What to know about the investor who cashed in on GameStop in 2021 -TradeGrid
Roaring Kitty is back. What to know about the investor who cashed in on GameStop in 2021
View
Date:2025-04-15 15:23:58
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! (79)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Mitt Romney’s Senate exit may create a vacuum of vocal, conservative Trump critics
- Alex Jones keeps Infowars for now after judge rejects The Onion’s winning auction bid
- Deadly chocolate factory caused by faulty gas fitting, safety board finds
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Joe Burrow’s home broken into during Monday Night Football in latest pro
- Is that Cillian Murphy as a zombie in the '28 Years Later' trailer?
- Military service academies see drop in reported sexual assaults after alarming surge
- Travis Hunter, the 2
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- OpenAI releases AI video generator Sora to all customers
- Snoop Dogg Details "Kyrptonite" Bond With Daughter Cori Following Her Stroke at 24
- TikTok asks Supreme Court to review ban legislation, content creators react: What to know
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Chiquis comes from Latin pop royalty. How the regional Mexican star found her own crown
- 'We are all angry': Syrian doctor describes bodies from prisons showing torture
- Epic Games to give refunds after FTC says it 'tricked' Fortnite players into purchases
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
We can't get excited about 'Kraven the Hunter.' Don't blame superhero fatigue.
Rebecca Minkoff says Danny Masterson was 'incredibly supportive to me' at start of career
Man identifying himself as American Travis Timmerman found in Syria after being freed from prison
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
KISS OF LIFE reflects on sold
With the Eras Tour over, what does Taylor Swift have up her sleeve next? What we know
Federal appeals court takes step closer to banning TikTok in US: Here's what to know