"GameStop Soars 30% After 'Roaring Kitty' Reveals $116M Stake"

1 min read
Source: BBC.com
"GameStop Soars 30% After 'Roaring Kitty' Reveals $116M Stake"
Photo: BBC.com
TL;DR Summary

GameStop shares surged over 70% on Monday after a social media post from the investor known as "Roaring Kitty" claimed a $100 million stake in the company. The post, which could not be verified, reignited interest in meme stocks like AMC and Blackberry. The phenomenon has raised concerns in the financial industry, with some comparing it to gambling.

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