As Roaring Kitty, also known as Keith Gill, closely monitors the rollercoaster ride of GameStop shares, he faces a daunting decision regarding his substantial options position that is rapidly approaching expiration. Gill currently holds onto 5 million GameStop common shares and an eye-popping 120,000 call options, involving a massive 12 million shares underlying those calls.
Global Finance
GameStop, the video game company at the center of a recent meme rally, announced that it raised more than $2 billion through a stock sale. The retailer completed an at-the-market equity offering by selling 75 million shares, generating proceeds of $2.14 billion. This move was seen as a strategic decision to capitalize on the renewed
Apple device users will soon have the option to access buy now, pay later loans through Affirm for their purchases. This collaboration between the two companies is set to provide more payment choices for U.S. Apple Pay users on their iPhones and iPads. Affirm stated that this partnership will allow users to experience the convenience
GameStop has experienced a drastic drop in its shares, with a staggering 14% decrease on Monday following a disappointing earnings report. This decline was further compounded by a lackluster livestream by Keith Gill, also known as Roaring Kitty. The stock, which had already fallen by nearly 40% on Friday, hit a new low of $24
Owning a piece of pop culture history is a dream for many, and iconic celebrity homes are the epitome of this desire. Luxury real estate experts like Tomer Fridman and Josh Altman emphasize the unique and rare nature of these properties, comparing them to owning a Picasso or a Fabergé egg. The recent listings of
In a bid to revolutionize private equity investing and address the challenges facing the initial public offering market, CEO Kelly Rodriques of alternative trading platform Forge Global has teamed up with Accuidity to introduce the Forge Accuidity Private Market Index. This innovative index aims to provide greater accessibility to unicorns for a wider range of
The recent revelation of an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed has sent shockwaves through the fintech sector in the United States. This discrepancy was exposed by the court-appointed trustee, Jelena McWilliams, who reported that customers of fintech firms utilizing Synapse had $265
Recently, a group of Credit Suisse bondholders initiated legal action against the Swiss government, demanding full compensation for the decision to write down the failed bank’s Additional Tier 1 (AT1) debt. This move came in the aftermath of Credit Suisse’s emergency sale to UBS last year, facilitated by the Swiss government. Swiss regulator Finma chose
Nio, a Chinese electric car company, is gearing up to make its mark in the Middle East market this year. CEO William Li recently revealed the company’s plans to venture into new territories, including the United Arab Emirates. With increasing competition from global rivals, Nio is taking strategic steps to enhance its presence on a
A new national stock exchange is in the works in Texas, with investors like BlackRock and Citadel Securities backing the initiative. TXSE Chairman and CEO, James Lee, announced that the group has successfully raised $120 million with the backing of over two dozen investors. This venture is set to take advantage of Texas’s growing economy
In a recent development, financial technology startup Nium has successfully raised $50 million in new funds from investors. This funding round was led by an undisclosed Southeast Asian sovereign wealth fund and supported by prominent venture capital firms such as BOND, NewView Capital, and Tribe Capital. With this influx of capital, Nium’s valuation has been
Over the course of almost five years, Keith Gill, also known as “DeepF——Value” on Reddit and “Roaring Kitty” on YouTube, turned a $53,000 bet on GameStop into a staggering net worth of over $289 million. Gill’s ability to influence the stock price of GameStop simply by sharing cryptic messages online has gained him a significant