Roaring Kitty Returns: Keith Gill Goes Live for the First Time Since the Meme Stock Craze, GME Plunges 40%

Table of Contents

Roaring Kitty Returns with Confidence, But No New Tricks

During the highly anticipated live stream that attracted six hundred thousand viewers, Gill expressed his confidence in GameStop CEO Ryan Cohen's transformation. He reiterated his previous investment thesis, emphasizing his belief in the future of the video game retailer, but did not introduce any new arguments to support his significant investment. Gill also clarified that the GameStop holdings he frequently shared in screenshots were entirely his personal investments and not backed by any institutions.

GameStop Stock Plummets 40%

During Gill's live stream, trading in GameStop stock was halted multiple times, ultimately closing down nearly 40% for the day. This significant drop was a reaction to the company's earlier announcement, indicating a sharp decline in first-quarter sales and plans to sell more shares. Investors swiftly reacted to this news, leading to intense trading volatility.

Curiosity Killed the Cat

Digital artist Beeple mocked the situation using the meme "Curiosity Killed the Cat," depicting the giant GameStop sign falling on Roaring Kitty.

GameStop Meme Stock Confronts Reality

Keith Gill returned to the live stream as "Roaring Kitty," reigniting interest in the meme stock story, reminding people of the intense speculation surrounding GameStop. While his unwavering belief in the company's potential remains unchanged, the recent stock price decline highlights the obstacles this retailer must overcome in its transformation journey. GameStop will cease its cryptocurrency wallet service due to high regulatory uncertainty.