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GameStop's stock (GME) saw a significant increase following a tweet by Keith Gill, also known as 'Roaring Kitty,' on January 1, 2025.
Social media posts indicate that Gill's post led to immediate market reactions, with some reports suggesting an increase in stock price up to 3% shortly after. Speculation about GameStop's strategic changes, including potential mass store closures, has also been circulating, which might contribute to the stock's volatility.
Betting markets continue to speculate as to whether Gill will face legal consequences for pumping GameStop.
Only 15 percent said YES.
From Manifold:
"The Gamestop guy bought millions of dollars worth of shares and options on $GME, and then used his reputation to trigger a huge price upswing. Will there be any legal consequences?
"I may resolve early if at the end of the year there seems to be no investigation or lawsuits forthcoming.
"If there are consequences which are completely trivial relative to the profits gained, I may resolve this to a small number roughly in proportion to their share of his (approximate, risk-adjusted) profits."
Trading volume was close to $18,000.
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