“Roaring Kitty’s Live Stream Causes GameStop Stock to Plummet: What Happened?”

The highly anticipated live stream by influential investor Keith Gill, also known as “Roaring Kitty,” started 25 minutes late with pounding drums and pictures of cats. As he appeared on camera wearing sunglasses and bandages, he cracked open a beer and began a rambling soliloquy that left viewers wanting more.

Gill, whose Reddit posts about GameStop in 2021 helped fuel a trading frenzy, made his first public appearance in years to speak to hundreds of thousands of viewers seeking investing advice. Despite offering no new information about his holdings or investment strategy, his online presence continues to spark dramatic swings in the stock market for struggling companies.

Shares of GameStop rose almost 50 percent following the announcement of Gill’s live stream, only to tumble when the company announced it would sell millions of additional shares at the current price. The stock surged again as Gill’s followers eagerly awaited his appearance.

Gill’s impact on the market has drawn accusations of market manipulation, with some questioning the authenticity of his recent statements. While it may be difficult to bring a case against him, the GameStop saga raises questions about the efficacy of current laws in protecting the integrity of financial markets.

Despite the excitement surrounding Gill’s live stream, GameStop’s stock price began to fall as he spoke, ending the day down 39 percent. The wild ride of GameStop’s stock continues, with investors eagerly watching for the next move from the man known as “Roaring Kitty.”