Current:Home > MyRoaring Kitty is back. What to know about the investor who cashed in on GameStop in 2021 -MoneyFlow Academy
Roaring Kitty is back. What to know about the investor who cashed in on GameStop in 2021
View
Date:2025-04-15 00:28:23
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! (4)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- NHL predictions: Experts make their Stanley Cup, awards picks for 2023-24 season
- Publishing executive found guilty in Tokyo Olympics bribery scandal, but avoids jail time
- Israel attacks spark outrage from GOP presidential candidates
- Nevada attorney general revives 2020 fake electors case
- Powerball balloons to $1.55 billion for Monday’s drawing
- Bachelor Nation's Astrid Loch Gives Birth, Welcomes Baby No. 2 With Husband Kevin Wendt
- 32 things we learned in NFL Week 5: Ravens, Patriots spiral as other teams get right
- What to watch: O Jolie night
- Powerball jackpot climbs to $1.55 billion. What to know about today's drawing.
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Mack Trucks workers join UAW strike after tentative agreement rejected
- Free condoms for high school students rejected: California Gov. Gavin Newsom vetoes bill
- Afghans still hope to find survivors from quake that killed over 2,000 in western Herat province
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Nancy Mace says she supports Jim Jordan for House speaker
- How Harry Styles Is Supporting Taylor Russell Amid Rumored Romance
- 'Tenant from hell'? Airbnb owner says guest hasn't left property or paid in 18 months
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
Man fatally shot while hunting with friends for coyotes in Iowa
NHL predictions: Experts make their Stanley Cup, awards picks for 2023-24 season
Casino industry spurs $329 billion in US economic activity, study by gambling group shows
What to watch: O Jolie night
Rich Paul Addresses Adele Marriage Rumors in Rare Comment About Their Romance
An 'anti-World's Fair' makes its case: give land back to Native Americans
1 dead, 8 injured in mass shooting at Pennsylvania community center