Roaring Kitty LLC, named after his
YouTube channel. The firm was incorporated in 2014 in
Concord,
New Hampshire, but dissolved 10 months later, according to the tabloid.
Company documents list Gill as its sole agent and describe the firm’s purpose as providing
‘investment advisory services’.
Gill is also identifiable in a headshot posted on his current employer’s website, ‘In Good Company’, a wing of Massachusetts investment firm MassMutual. After becoming a multi-millionaire in a matter of days, Gill appears to have fully embraced the Wall Street Bets philosophy of ‘You Only Live Once (YOLO)’, throwing caution to the winds and putting their own, and even their family’s life savings on the line in the GameStop buying frenzy.
Almost ten years to the day since
Adbusters magazine sowed the seeds of the Occupy movement with a call for “a popular uprising in the West […] a million man march on Wall Street”, the news media is captivated by the story of a group of retail investors who have apparently kept the video game retailer GameStop alive by causing its stock price to rocket – and beaten hedge funds at their own game. “Meet the amateur traders fighting Wall Street” gushed the BBC this morning, presenting an audience of 438 million people with the stories of a few plucky individuals – normal people, just like us – who used financial trading apps such as Robinhood to support GameStop and combat the destructive cynicism of the financial elite.
For once, Main Street is beating Wall Street.
In a matter of weeks, two hedge-fund legends – Steve Cohen and Dan Sundheim – have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Mr Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.
Driven by the frenzied trading in GameStop and other stocks that hedge funds have bet against, the losses suffered over the past few days would rank among the worst in some of these money managers’ storied careers.
Reddit day trader army fattens fortunes of the super rich businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Elon Musk accuses Discord of going corporate after it bans Reddit group that is boosting Gamestop stock
WallStreetBets – a community of young retail investors - was purged from messaging service Discord after they were tied to price surges on Wednesday
Musk tweeted: Even Discord has gone corpo…
WallStreetBets Reddit page has seen millions of new members arriving in recent days after Musk posted a link to the group on Twitter, writing: Gamestonk!!
But such are the fears over the viral investing, Joe Biden s White House staff are monitoring the situation - as is the Securities and Exchange Commission