Roaring Kitty is a name that once made waves in the financial market with investment activities as well as shares from personal social networking sites. He is the individual who contributed greatly to bringing life to GameStop or its stock, GME.
If you are interested in the name Roaring Kitty and want to learn more information about this special individual, please follow the following content from AZCoin!
Who is Roaring Kitty?
Roaring Kitty sounds like a pretty interesting name when it reminds everyone of cute and funny cartoon characters. So what if we told you that this is the name of an individual who has made a huge impact on the financial market as well as revived a company that was on the decline, GameStop?
It all started with Keith Gill, the owner and real name of Roaring Kitty, a nickname he used when he joined the Twitter platform now called Regularly Share methods for hunting good stocks at cheap prices as well as seizing investment opportunities.
Let’s talk a little bit about Keith Gill’s life. From what we have gathered, we know that he was born on June 8, 1986, in Brockton, Massachusetts, USA. He is the middle child of three sisters and is the only one in his family to complete college, graduating from Stonehill University with a degree in business.
Why is Roaring Kitty famous?
Are you wondering why Roaring Kitty became so famous and received so much attention from the community if you were just a simple investor? The answer lies in the decision to use 53.000 USD to invest in GME stock with 50,000 shares and 500 call options.
Keith Gill’s above investment action came from the fact that he believed that the stock price was lower and did not reflect the true value of the GameStop company. On the other hand, investment funds and hedge funds on Wall Street thought differently from Keith Gill and accepted Short Squeeze GME shares.
It was also at this time that Keith Gill continuously shared on Reddit and his personal YouTube channel that he would sell GME shares short. However, he could not have imagined his influence and that was when the name Roaring Kitty became more famous than ever.
As a result, from only an initial investment of 53.000 USD, Keith Gill successfully turned it into 50 million USD by January 2021. However, his success and that of his followers were also followed by failure and heavy losses for investment funds and hedge funds.
The Disappearance of Roaring Kitty
After achieving unbelievable success, Keith Gill had to go to court many times on charges related to securities fraud. It opened with a class action lawsuit where he was accused of causing GameStop stock prices to fluctuate wildly through his Twitter posts, but the lawsuit was withdrawn just three days after it was filed without notice. clear reason.
Another allegation involving Keith Gill claims that he committed securities fraud by misleading his followers by not fully disclosing his GameStop options trading. The allegation also claimed that he was orchestrating a pump-and-dump scheme to damage investors.
However, the above allegation failed from the start because there was not enough evidence to prove that Keith Gill intentionally cheated and deceived investors.
After going through the above accusations and being informed of his acquittal, Keith Gil decided to stay hidden and inactive on social networking sites from 2021.
Roaring Kitty is back
After a period of hiding and without any activity or information on social networking sites, on May 13, 2024, the name Roaring Kitty became active again. The first content he posted was a meme with the content locking in, meaning to concentrate intensely on something.
It is not surprising that this return of Roaring Kitty has created a lot of attention and excitement from the financial and crypto markets. Accordingly, this comeback has pushed GME stock prices up nearly 100% and some cat-themed meme coins up more than 23.000%.
However, that is all the currently shared information about Roaring Kitty’s return and there has not been any further action or sharing yet.
Conclusion
Finally, we have come to the end of all the interesting content related to the name Roaring Kitty and the difficult journey behind this name. Hope you enjoy this content and see you again in other content from AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
