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In mid-2019, a Reddit user â known as âRoaring Kittyâ on some social media accounts â posted a picture on an online forum depicting a single $US53,000 ($69,353) investment in the video game retailer GameStop.
The post attracted little attention, except from a few people who mocked the bet on the struggling company.
Keith Gill began tweeting frequently about GameStop and making YouTube and TikTok videos about his $US53,000 investment.
Credit:YouTube
âThis dude should sell now,â a Reddit user named cmcewen wrote at the time.
But Roaring Kitty was not deterred. Over the next year, he began tweeting frequently about GameStop and making YouTube and TikTok videos about his investment. He also started livestreaming his financial ideas. Other Reddit users with monikers like Ackilles and Bowlerguy92 began following his every move and piling into GameStop.
El ausente pulsoslp.com.mx - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pulsoslp.com.mx Daily Mail and Mail on Sunday newspapers.
They pushed up GameStop's price by buying so-called options contracts that offer a cheap way to bet on a stock's direction.. Read more at straitstimes.com.
The âRoaring Kittyâ Rally: How a Massachusetts Reddit user and his friends roiled the markets
By Nathaniel Popper and Kellen Browning New York Times,Updated January 29, 2021, 10:30 a.m.
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A screenshot of Keith Gill in a recent YouTube video on his channel called Roaring Kitty. Gill, a former financial educator for an insurance firm in Massachusetts, has now become a central figure in this weekâs stock market frenzy.A screenshot from the Roaring Kitty YouTube page
In mid-2019, a Reddit user â known as âRoaring Kittyâ on some social media accounts â posted a picture on an online forum depicting a single $53,000 investment in the video game retailer GameStop.