Keith Gill may face an E*Trade ban, sources told The Wall Street Journal. Gill posted a screenshot on Sunday that appeared to show he had a $116 million position in GameStop.
On Sunday night, noted GameStop Corp. investor Keith Gill, who goes by “Roaring Kitty” or “DeepF—ingValue” on social media, posted an alleged screenshot of his position in the videogame retailer on Reddit. It was the first time Gill posted on his Reddit account since April 2021.
Online brokerage E-Trade is considering kicking out meme-stock trader Keith Gill from its platform over concerns about stock manipulation, according to The Wall Street Journal, a move that comes after Gill took to Reddit to show fellow investors he held nearly $116 million worth of GameStop stock over the weekend, triggering a spike in shares Monday.
E-Trade is having internal talks about whether to ban Keith Gill from the trading platform over concerns of potential market manipulation, the WSJ said Monday.
Keith Gill, who's behind GameStop's recent roller-coaster ride, seemingly held onto his big position in the video game retailer even after Monday's big rally.
E-Trade, the trading platform owned by Morgan Stanley MS, -0.44%, is considering banning meme-stock trader Keith Gill, better known as “Roaring Kitty,” after he recently purchased GameStop Corp. GME, +21.00% options and launched a new meme-stock frenzy, the Wall Street Journal reported on Monday. The Journal, citing people familiar with the matter, said E-Trade is weighing the move amid worries about possible stock manipulation.
Keith Gill, a.k.a. "Roaring Kitty," revealed a $175 million bet early this morning on GameStop, sparking an internet frenzy. GME stock spiked over 70% this morning before pulling back. GameStop's fundamentals indicate that it's neither a money furnace nor a cash cow. The underlying business can bumble along for years and raise money during Reddit crazes.
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The stock market influencer behind the so-called meme stock frenzy of 2021 has triggered a fresh surge in shares of GameStop, the struggling US videogame retailer.
Following Roaring Kitty's initial return on X (formerly Twitter), shares of GameStop (NYSE: GME ) surged higher before later cooling back down. However, it appears that Roaring Kitty, who's real name is Keith Gill, isn't finished just yet.
After three years of Reddit silence, the investor known as Roaring Kitty revealed on Sunday evening that he was holding a massive GameStop position. As of market open on Monday, that position would be worth over $386 million.
Roaring Kitty, real name Keith Gill — the well-known Reddit user who helped ignite the 2021 short squeeze of GameStop (NYSE: GME ) stock — is sparking interest in meme stocks again today. Last night, Gill shared a post on Reddit which appears to show that he now owns 5 million shares of GME stock.