Why GameStop’s Resurgence Could Signal Another Meme Stock Frenzy
A single JPEG has catalyzed yet another rabid surge in the stock price of the video game store GameStop: its price jumped by more than 70% on Monday morning.
On the evening of Sunday, May 12, a man named Keith Gill posted an illustration on X of a man bolting upright in his chair. Gill, who goes by handle Roaring Kitty, is something of a digital folk hero to many amateur investors—he was one of the major catalysts of the WallStreetBets craze of 2021. His reappearance and the subsequent...
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