Current:Home > FinanceRoaring Kitty is back. What to know about the investor who cashed in on GameStop in 2021 -ProfitPioneers Hub
Roaring Kitty is back. What to know about the investor who cashed in on GameStop in 2021
View
Date:2025-04-18 17:24:33
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! (98535)
Related
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- An Ohio election that revolves around abortion rights is fueled by national groups and money
- Daniel Penny defense fund raises millions -- and alarm bells for some
- Why the Surprisingly Affordable SolaWave Skincare Wand Will Be Your Skin’s BFF
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Man suspected in 2 weekend killings dies in police shooting
- Nearly all teens on Idaho YMCA camp bus that crashed have been released to their families
- Judge tosses Trump’s defamation suit against writer who won sexual abuse lawsuit against him
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Wayne Brady of 'Let's Make a Deal' comes out as pansexual: 'I have to love myself'
Ranking
- Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
- Worker injured as explosion at Texas paint plant sends fireballs into sky
- Ex-NYPD commissioner Bernard Kerik meets with special counsel investigators in 2020 election probe
- 'Today' show's Jill Martin says she likely is cancer-free, but may undergo chemo
- Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
- Bachelor Nation’s Jason Tartick “Beyond Heartbroken” After Kaitlyn Bristowe Breakup
- Ciara Is Pregnant, Expecting Baby With Husband Russell Wilson
- Electricity rates in Texas skyrocket amid statewide heat wave
Recommendation
Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
Trump lawyers say proposed protective order is too broad, urge judge to impose more limited rules
The World Food Program slowly resumes food aid to Ethiopia after months of suspension and criticism
Bop to the Top with These 16 Show-Stopping Gifts for the High School Musical Fan in Your Life
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
A judge called an FBI operative a ‘villain.’ Ruling comes too late for 2 convicted in terror sting
Jada Pinkett Smith Shares Update on Her Hair Journey Amid Alopecia Battle
Leader of Texas’ largest county takes leave from job for treatment of clinical depression