E*Trade is considering kicking RoaringKitty, aka DeepFuckingValue, off the platform, as they are reportedly "growing concerned about potential stock manipulation around his recent purchases of GameStop, $GME,"
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Shortly before Keith Gill reignited the meme stock craze in May, he purchased a large volume of GameStop options on ETrade, according to a report by The Wall Street Journal, citing sources familiar with the matter. ETrade's parent company, Morgan Stanley, declined to comment.
GameStop shares surged around 30% on Monday after the stocks influencer, known as "Roaring Kitty," returned to Reddit with a post displaying a $116 million bet on the troubled video-game retailer. This post was Gill's first in three years on his Reddit account. In 2021, Gill's bullish GameStop trades posted on Reddit led to a rush of demand for "meme stocks"—companies with weak fundamentals that gained a cult-like following through social media hype among retail traders.
The screenshot posted on Sunday showed Gill holding 5 million GameStop shares, which is 1.8% of the company's publicly available stock. Gill's last post in April 2021, titled "final update," showed a holding of 200,000 shares worth $30.9 million.
