E-Trade May Ban Keith Gill After GameStop Stock Surge as Roaring Kitty's Resurgence Reignites GameStop Frenzy

  • 3 months ago
E-Trade is considering banning Keith Gill, known as "Roaring Kitty," after a post on his Reddit account caused a significant surge in GameStop's stock. Gill's post showed he held a $116 million position in GameStop, leading to concerns about potential stock manipulation. Gill resumed posting messages on X on May 12th after being inactive on social media since 2021. His resurgence sparked another frenzy around the meme stock after he shared a screenshot suggesting a $116 million position in the company.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 E-Trade is considering banning Keith Gill known as Roaring Kitty after a post on his
00:07 Reddit account caused a significant surge in GameStop stock. Gill's post showed he held
00:11 an $116 million position in GameStop, leading to concerns about potential stock manipulation.
00:18 Gill resumed posting messages on X on May 12 after being inactive on social media since 2021.
00:24 His resurgence sparked another frenzy around the meme stock after he shared a screenshot
00:28 suggesting an $116 million position in the company. For all things money, visit Benzinga.com.
00:34 [BLANK_AUDIO]

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