The class action lawsuit alleges that Keith "Roaring Kitty" Gill impersonated an amateur to manipulate the price of GameStop stock.
The most bizarre story of January seems to be dying out for the time being, as the price of GameStop's stock — which had a peak evaluation of $347 on Jan. 27 following a meteoric rally of 1,600%
The gaming community — and not just — is in outrage over the latest development of the GameStop ($GME) Wall Street war case. As of Jan. 28, stock trading app Robinhood has blocked users fr
"We're experiencing a very new world where investors don't necessarily behave as expected. Whether that continues or not, who knows, but I hope everyone comes out of this with more knowledge and passion for finance than before."
A lack of trading experience or sophistication matters little when a short squeeze strategy is embraced by millions. As it stands today, some Redditors have become millionaires overnight and the hedge funs who have shorted GME are likely doomed to suffer huge losses.
