GameStop Takes a Hit: Roaring Kitty’s GME Investment Woes

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The Downfall of GameStop: A Reflection on Roaring Kitty

Recently, the beloved video game retailer GameStop has made headlines once again, but this time for less favorable reasons. The company, which gained notoriety during the peak of the meme stock craze in 2021, has filed to sell up to 45 million shares, potentially increasing the total number of shares by 15%. Unsurprisingly, this news has caused a drastic 26% drop in the price of GME, leaving it trading at a significantly lower price than just a week ago.

Roaring Kitty’s Response

Keith Gill, also known as Roaring Kitty, played a significant role in the GameStop frenzy of 2021. His online discussions about the company contributed to a spike in its share price. However, in the wake of GameStop’s decision to sell more shares, Roaring Kitty took to Twitter to express his feelings. Posting a distressed meme of Ben Affleck smoking outside a GameStop store, the once exuberant trader seems to be grappling with the recent turn of events.

  • He followed up with a series of emotion-evoking GIFs and clips, showcasing a notable shift in his demeanor. A GIF of a teary-eyed James McAvoy from the film “Split” was posted, along with an edited clip from the TV show “Succession” depicting Roaring Kitty as the villain. The meme influencer, who was once celebrated, is now being vilified by mainstream financial figures, with accusations of market manipulation swirling around him.
  • In GameStop’s official filing, the company acknowledged the impact of social media on recent price fluctuations but stopped short of directly implicating Roaring Kitty. Despite the apparent betrayal by his favorite company, the trader shared a clip from “The Steve Wilkos Show,” likening his relationship with GME to a toxic partnership. Through tears and heartfelt pleas, Roaring Kitty begs his followers to stand by him, hinting at a desire for loyalty despite the current challenges.
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A Sad Goodbye to the Meme Stock Revival?

As Roaring Kitty grapples with the unraveling of his beloved GameStop saga, the future of the meme stock revolution hangs in the balance. Will the recent setbacks mark the end of an era, or will Roaring Kitty and his followers weather the storm together? Only time will tell the fate of this once-unstoppable movement.

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About Post Author

Chris Jones

Hey there! 👋 I'm Chris, 34 yo from Toronto (CA), I'm a journalist with a PhD in journalism and mass communication. For 5 years, I worked for some local publications as an envoy and reporter. Today, I work as 'content publisher' for InformOverload. 📰🌐 Passionate about global news, I cover a wide range of topics including technology, business, healthcare, sports, finance, and more. If you want to know more or interact with me, visit my social channels, or send me a message.
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