Will the post by 'Roaring Kitty' revive GameStop shares and bring back the meme stock craze?

Name: Will the post by 'Roaring Kitty' revive GameStop shares and bring back the meme stock craze? | Open Video
Uploaded: 2024-10-07T12:21:03+00:00
Duration: 1 min 26 s

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Is GameStop's stock ready to bounce back
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GameStop got a big shock this week after Keith Gill, known as Roaring Kitty Online
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posted for the first time in three years, causing the company's stock price to double within an hour
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Gil became famous for being the figurehead of the meme stock movement, which shall GameStop and other odd companies like Blackberry shoot up in price
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While the original surge in 2021 was seen as a joke, screwing over hedge funds that had taken out short positions against beloved companies
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the movement around meme stocks has morphed into something much weirder. Groups on the internet, such as the million subscribers to Reddit's super stonk forum
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back GameStock because they genuinely believe there are secret short positions against it
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that will eventually lead to the collapse of the entire financial system. While many who bought the stock yesterday are hoping to just make a quick buck from the hype
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there are a significant number of people online who have joined this cult around what's known as Moas
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the mother of all short squeezes. So is GameStop going back to the heyday of January 2021
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No, probably not. The company's last earning report was abysmal, and the meme stock craze got pretty much all the
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jokes out of it that it could. GameStop's price has been on a steady decline since the hype around it fell off, dropping 83
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between March 2021 and last month. Instead, the stock will remain popular among weird corners of the internet, but probably nowhere else
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We here at CityM would like to know, do you think the meme stock craze is coming back
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Let us know your thoughts in the comments, and like and subscribe for more

Will the post by 'Roaring Kitty' revive GameStop shares and bring back the meme stock craze?

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Will the post by 'Roaring Kitty' revive GameStop shares and bring back the meme stock craze?

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