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Meme Stock Resurgence
FILE - In this image from video provided by the House Financial Services Committee, Keith Gill, a GameStop investor, also known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Feb. 18, 2021. The man at the center of the meme stock craze during the pandemic returned to the social platform X for the first time in three years Sunday, May 12, 2024, and sent prices of those stocks surging overnight. Keith Gill, better known as “Roaring Kitty” on the social media platform formerly known as Twitter, posted an image on Sunday of a man sitting forward in his chair, a meme used by gamers when things are getting serious. (House Financial Services Committee via AP, File)

Roaring Kitty is back, and so are meme stocks

The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight

By Ap News
Published - May 13, 2024, 08:25 AM ET
Last Updated - May 13, 2024, 08:25 AM EDT

The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of some of those stocks surging overnight.

Keith Gill, better known as “Roaring Kitty,” posted an image on Sunday of a man sitting forward in his chair, a meme used by gamers when things are getting serious.

He followed that tweet with a YouTube video from years before saying, “That’s all for now cuz I’m out of breath. FYI here’s a quick 4min video I put together to summarize the $GME bull case.”

GameStop was a video game retailer that in 2021 was struggling as consumers switched rapidly from discs to digital downloads. Gill and those who agreed with him changed the trajectory of a company that appeared to headed for bankruptcy.

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