Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
February 17, 2021 08:32 pm

Reddits lead GameStop hypebeast is being sued for his role in the stock surge





Image: Roaring Kitty/Keith Patrick Gill



“Roaring Kitty,” also known as u/DeepFuckingValue on Reddit and Keith Patrick Gill in real life, is now the target of a lawsuit (which you can view below) that claims he manipulated the market to increase GameStop’s stock price.


The lawsuit claims that he created a “fake persona” of an investment newbie, while actually having several financial certifications and working for an insurance company. That company, Massachusetts Mutual Life Insurance Company, is also named as a defendant, with the case saying that it should’ve prevented Gill from talking about the stock.


Gill is well known on the WallStreetBets subreddit, where he’s been posting for a year about GameStop’s stock, its value, and how much he has invested. He would also post h...



Continue reading…




Original Link: https://www.theverge.com/2021/2/17/22287612/reddit-wallstreetbets-gamestop-lawsuit-roaring-kitty-gill-market-manipulation

Share this article:    Share on Facebook
View Full Article

The Verge

The Verge is an ambitious multimedia effort founded in 2011

More About this Source Visit The Verge