Meme Stock Soars 270% | Roaring Kitty’s Tweet Skyrocketed Gamestop |

Roaring Kitty Skyrocketed GamesStop Share | Retail Investors Eroded Millions of Dollar of Hedge Funds | #gamestop

Keith Gill, known as "Roaring Kitty," the pivotal figure in the 2021 meme stock phenomenon, has resurfaced online after three years, causing a significant surge in GameStop shares, which soared 74%, and other meme stocks.

Gill shared a meme on the social platform X that typically signifies heightened gamer attention, followed by an old YouTube video where he reiterated his support for GameStop, stating, “That’s all for now cuz I’m out of breath. FYI, here’s a quick 4min video I put together to summarize the $GME bull case."

In 2021, GameStop was a floundering video game retailer, struggling against a market shift from physical discs to digital downloads. Many major investors were shorting its stock, anticipating further declines. However, Gill and like-minded retail investors sparked a massive rally by purchasing GameStop stock. This triggered a "short squeeze", and short sellers were compelled to buy shares at rising prices to mitigate losses.

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