ROARING Kitty has made headlines for the part he played in driving a surge in the shares of GameStop Corp (GME).
The YouTuber and Redditor caused a stir in the stock market world in January 2021, and after his notable return to social media in May 2024, fans are curious to learn more about him and his personal life.
Roaring KittyKeith Patrick Gill, better known online as Roaring Kitty, sparked waves of interest in the stock market and investing after his involvement in the 2021 GameStop short squeeze[/caption]
Who is Roaring Kitty?
Roaring Kitty, born Keith Patrick Gill, is a financial analyst, advisor, and investor.
He is also a notable social media personality, popular on YouTube, Reddit, and X, formerly Twitter.
Gill was born on June 8, 1986, in Brockton, Massachusetts.
He previously worked for insurance giant MassMutual until his resignation on January 28, 2021.
A married father, Gill was a Chartered Financial Analyst who created content for In Good Company.
The initiative was led by MassMutual to “explore different ways to make financial education more accessible,” according to its website.
Since his departure from MassMutual, Gill dedicated himself to social media and private investing.
He regularly posted on the subreddit r/wallstreetbets under the username DeepF*ckingValue (DFV), and on YouTube and X as Roaring Kitty.
In May 2024, Gill returned to social media, posting on X again after a three-year hiatus.
On June 2, 2024, he posted a screenshot showing a $260 million position in GameStop.
If the screenshot is accurate, Gill’s net worth is nearly $300 million, according to a breakdown by The Street:
5 million GME shares: $141.1 million
120,000 June 21 $20 calls: $117 million
Cash: $29.2 million
Total: $287.3 million
What is Roaring Kitty’s YouTube channel?
On his YouTube channel, Gill says his videos provide an approach to investing that helps set viewers on the right path to build their investment process.
“The Roaring Kitty channel revolves around educational live streams where I share my daily routine of tracking stocks and performing investment research,” he writes.
“I don’t provide personal investment advice or stock recommendations during the stream.”
Gill joined YouTube in April 2015 and has grown his channel – which boasts 85 videos and over 14 million views – to nearly 1 million subscribers.
In YouTube videos, he expanded upon his investment thesis, arguing that GME was undervalued, but was well-positioned to rapidly grow its online business.
He also regularly live-streamed his “daily routine,” which involved trading stocks and performing investment research.
EPAA GameStop retail store in Atlanta on June 7, 2024; GameStop shares dropped 28% after the retailer posted a 29% sales decline from the same period one year ago[/caption]
How did he affect the GameStop stock price?
In mid-2019, Gill, known then as Roaring Kitty, posted a picture on an online forum depicting a single $53,000 investment in the video game retailer GameStop (GME).
Over the next year, he began tweeting frequently about GameStop and making YouTube and TikTok videos about his investments.
That’s when he began live-streaming his financial ideas.
Other Reddit users began following his every move and piling into GameStop.
He helped attract a flood of retail cash into GME by burning hedge funds who had bet against the company and roiling the broader market.
He eventually became a central figure in the January 2021 stock market frenzy and GameStop short squeeze.
What was the Robinhood congressional hearing?
Robinhood CEO Vlad Tenev, Reddit co-founder Steve Huffman, and two hedge fund managers faced questions from lawmakers on the House Financial Services Committee.
Early in the hearing, Tenev apologized to Representative Carolyn Maloney (D-NY) after he was asked why the trading platform’s customer agreement doesn’t spell out when or why the company might restrict trading for customers.
“I’m sorry for what happened,” Tenev said, adding that the company is reviewing its processes.
Inspired by him and a small crew of individual investors, hordes of young online traders increased GameStop’s stock price, pitting themselves against sophisticated hedge funds and contesting Wall Street’s norms in the process.
Gill was up over 4,000 percent on stock and options investments in the company, with his GME position plus cash worth nearly $48 million, according to his Reddit posts.
After overseers of the stock market restricted trading in GME on Thursday, January 28, Gill posted that he had lost $14.8 million that day alone, but was still up $33 million overall.
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