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GameStop Shares Surge as Roaring Kitty Returns to Social Media GME are Hedge Funds Scared?

Updated: May 14

Roaring Kitty Post Gamestop 13th May 2024 on X

May 13, 2024 - GameStop Corp. (GME) shares saw a dramatic rise today following a new social media post by Keith Gill, known as "Roaring Kitty." Gill's return to the digital stage rekindled enthusiasm among retail traders, reminiscent of his central role during the 2021 meme stock frenzy that rocked Wall Street.

The Post That Reignited Excitement

Sources report that Gill’s latest social media update included a cryptic yet suggestive image of a video game setup, possibly hinting at continued personal investment in GameStop or a general show of support. This brief post was enough to trigger a swift 15% surge in GameStop shares, as followers quickly acted on what many interpreted as a bullish signal.

Historical Impact of the Meme Stock Movement

Keith Gill's influence began in earnest when his detailed posts about his investments in GameStop became viral in late 2020 and early 2021. These posts inspired a large cohort of retail investors to purchase the stock, which was heavily shorted by various hedge funds betting on the company's decline amid struggling financial performance and industry shifts.

The rapid accumulation of GameStop shares by retail investors led to an unprecedented short squeeze. This phenomenon occurs when a stock's price ascends sharply, compelling short sellers (investors who borrowed shares to sell them at a future date, hoping to buy them back cheaper) to buy shares at rising prices to mitigate their losses. This buying pressure further escalated the stock price, leading to massive losses for hedge funds caught in their bearish positions. Notably, this scenario played out on a grand scale with GameStop, with some hedge funds experiencing billions in losses, significantly disrupting the broader market and nearly causing the collapse of at least one major hedge fund.

Market Reaction and Analyst Insights

Today’s market reaction is a vivid reminder of the ongoing volatility associated with stocks like GameStop, which remain highly sensitive to social media influence. Analysts have expressed mixed feelings, acknowledging the power of influential social media figures like Gill while also warning investors about the inherent risks of such volatile trading environments.

Broader Market Implications:

The GameStop saga and similar events have sparked a broader discussion about market dynamics, the role of social media in investing, and the regulatory responses to these new challenges. The U.S. Securities and Exchange Commission (SEC) has since been more vigilant regarding market manipulation and the impact of mass social media movements on stock prices, aiming to protect retail investors from potential pitfalls.


As the market continues to analyze Roaring Kitty’s latest online activity, the full impact on GameStop’s future remains to be seen. However, the enduring legacy of the meme stock era and the lasting influence of figures like Gill are clear, highlighting the transformative power of social media in today’s financial markets. Could this MEME stock be alikened to PEPE, BOME, FLOKI etc?

Disclaimer: The content provided in this article and website is for educational purposes only and is not intended as financial advice. Cryptocurrency investments are highly volatile and risky. There is a potential for significant loss, up to and including the total loss of your investment. Readers are advised to conduct their own research and consider consulting with an independent financial advisor before engaging in any financial transactions based on this information. Neither the author nor this platform assumes liability for financial losses that could occur as a result of using this information


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