‘Roaring Kitty’ triggers $6.9 billion Wall Street frenzy with a YouTube post

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Keith Gill, whose “Roaring Kitty” online moniker made him a folk hero for meme stock investors, has markets on edge again.

Keith Gill, whose Roaring Kitty online moniker has sent GameStop shares surging in the past week, sparked another rally in the video-game retailer after a YouTube post said he’d return to the platform for the first time in three years.

Within minutes of the posting, more than 10,000 YouTube users signalled an interest in being notified when the stream starts. The video’s live chat featured hundreds of comments. GameStop’s ticker, GME, quickly started trending on the popular StockTwits chat room and Reddit’s WallStreetBets forum.

The details of the scheduled stream also included a disclaimer that had not appeared in the account’s prior YouTube posts, bearing a warning that the video would be opinion-based, along with familiar equity legalese saying past performance is not indicative of future results.“This YouTube channel is not under any obligation to update or correct any information provided in these videos,” the disclaimer read in part. “Statements and opinions are subject to change without notice.

 

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