{"id":34484,"date":"2024-05-14T08:05:07","date_gmt":"2024-05-14T08:05:07","guid":{"rendered":"https:\/\/kede.com.br\/news\/gamestop-shares-surge-as-roaring-kitty-returns\/"},"modified":"2024-05-14T08:05:08","modified_gmt":"2024-05-14T08:05:08","slug":"gamestop-shares-surge-as-roaring-kitty-returns","status":"publish","type":"post","link":"https:\/\/kede.com.br\/news\/gamestop-shares-surge-as-roaring-kitty-returns\/","title":{"rendered":"GameStop shares surge as &#8216;Roaring Kitty&#8217; returns"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The story of the surprise rise in GameStop shares, which led to similar moves for other companies including Odeon Cinemas-owner AMC, sparked congressional hearings about market manipulation and inspired the 2023 movie &#8220;Dumb Money&#8221;, which starred Paul Dano and Seth Rogen.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Mr Gill <a href=\"https:\/\/www.congress.gov\/117\/meeting\/house\/111207\/witnesses\/HHRG-117-BA00-Wstate-GillK-20210218.pdf\" class=\"ssrcss-f6h2dj-InlineLink e1kn3p7n0\">told Congress<span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e16en2lz0\">, <!-- -->external<\/span><\/a> he used social media for fun and called the idea he was pushing the shares on unwitting investors &#8220;preposterous&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He has not posted on X, formerly known as Twitter, since mid 2021. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Then on Sunday Mr Gill <a href=\"https:\/\/twitter.com\/TheRoaringKitty\/status\/1789807772542067105\" class=\"ssrcss-f6h2dj-InlineLink e1kn3p7n0\">posted<span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e16en2lz0\">, <!-- -->external<\/span><\/a> a drawing of a man leaning forward in a chair, as if gearing up for action.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He later followed up with two posts on Monday morning, which appeared to allude to his return.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The meme-stock phenomenon has been part of a wider increase in trading by retail investors &#8211; people not working for investment houses or other private firms.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Analysts had argued the original rise of meme stocks was driven by the surge in savings and time many households had during the pandemic, thanks to government support programmes and the shutdown of many in-person activities.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However with markets rising again this year, trading firms such as Charles Schwab and Robinhood have reported another uptick in new accounts and activity by retail investors.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c90zz8gw0qxo\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The story of the surprise rise in GameStop shares, which led to similar moves for other companies including Odeon Cinemas-owner AMC, sparked congressional hearings about market manipulation and inspired the 2023 movie &#8220;Dumb Money&#8221;, which starred Paul Dano and Seth Rogen. Mr Gill told Congress, external he used social media for fun and called the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[56],"tags":[13452,13453,576,12776,1077,726],"_links":{"self":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/34484"}],"collection":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/comments?post=34484"}],"version-history":[{"count":1,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/34484\/revisions"}],"predecessor-version":[{"id":34486,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/34484\/revisions\/34486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media\/34485"}],"wp:attachment":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media?parent=34484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/categories?post=34484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/tags?post=34484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}