June 23, 2024

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GameStop shares rose 47% on Wall Street

GameStop shares rose 47% on Wall Street

NEW YORK (EFE).- Shares of the video game company GameStop, known since the pandemic as “meme stocks,” rose 47% this Thursday an hour before Wall Street closed after American investor Keith Gill, known as “Roaring Kitty” will announce that it will go live On YouTube on Friday.

Therefore, this will be his first appearance on his channel in nearly four years.

Gill owns shares of GameStop

This month, Gill once again took to Reddit, where he showed a screenshot revealing that he owns $116 million in GameStop stock.

Also, according to CNBC, the company’s shares are up more than 80% this week.

Now, the story of how a generation and the Reddit community turned Wall Street upside down during the pandemic has been brought to the big screen last year with Dumb Money.

The investor was a former insurance salesman from Massachusetts, who gained popularity in 2021 through YouTube videos and Reddit posts.

Appearance in stocks

The actions of the companies promoted by Gill caused such an uproar that the financial services company Robinhood had to restrict its listings, and there were even a series of congressional hearings on the matter.

Two weeks ago, independent presidential candidate Robert F. Kennedy Jr. invested $24,000 in GameStop to improve its acceptance.

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