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Ryan Cohen, co-founder of online pet food company Chewy and favourite of the chaos engine that is the WallStreetBets reddit, will take over as GameStop chairman following the company’s annual shareholder meeting in June.
CNBC reports that GameStop stock “shares jumped more than 4% in premarket trading” following the announcement. Ryan most recently sent the stock prices climbing when he inexplicably tweeted a picture of a McDonald’s ice cream cone back in February.
Mister DeepFuckingValue Goes To Washington
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History was made today when Reddit user DeepFuckingValue, who goes by Roaring Kitty on YouTube, opened his Congressional testimony in a hearing about GameStop stock by specifying, for the literal record, that he is not actually a cat.
“A few things I am not,” the meme stock icon, whose real name is Keith Gill, said in his opening statement before the House Committee on Financial Services. “I’m not a cat. I’m not an institutional investor, nor am I a hedge fund.”
Meet The Evil Big Bird
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This week we talk about all the GameStop madness, check out just how tall that tall lady from
Resident Evil Village is, watch the new trailer for the upcoming Overwatch event, run around in some extremely tall shoes, and meet the evil and scary Big Bird from Brazil.
Great
U.S. Congress Wants To Ask DeepFuckingValue Some Deep Fucking Questions About GameStop
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U.S. Rep. Maxine Waters announced that Reddit investor DeepFuckingValue, AKA YouTuber Roaring Kitty, AKA former insurance marketer Keith Gill, will testify before U.S. Congress about what the hell has been going on with GameStop’s stock later this month.
Image: Kotaku / Spencer Platt (Getty Images), Getty Images
To sign up for our daily newsletter covering the latest news, features and reviews, head HERE. For a running feed of all our stories, follow us on Twitter HERE. Or you can bookmark the Kotaku Australia homepage to visit whenever you need a news fix.
GameStop’s rollercoaster ride through the absurd machinery of the stock market has been fun to watch. It sent some of CNBC’s finest minds scrambling to Wikipedia to find out what Reddit is and allowed for Very Serious Thought Leaders to peddle all sorts of pet theories, like blaming GameStop’s unlikely rise on young men not having enough sex. A literal billionaire cried on national TV about it. But we all know how it ends. For a lot of people who actually invested in meme stocks, it won’t be pretty. And the rest of us will be left with the same broken economy as before.