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The Pour Over Today
GameStop Stock, WNBA Tip-Off, War Updates, & More | 05.14.24
May 15, 2024
Discussion on GameStop stock surge, WNBA season start, war updates in Gaza and Kyiv, and a plea for global peace. Followed by diverse updates on technology, philanthropy, political trends, and environmental impacts.
09:24
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Quick takeaways
- Roaring Kitty's social media post led to a 275% surge in GameStop stock, reminiscent of the 2021 meme stock frenzy.
- WNBA's 28th season started with excitement, including charter airplanes for better travel conditions.
Deep dives
Roaring Kitty Returns Online Leading GameStop Surge
Roaring Kitty, also known as Keith Gill, reemerged on social media after three years, sparking another surge in GameStop's stock price. Despite minimal context or details in his post, the stock skyrocketed by 275% over two days, prompting trading halts due to extreme volatility. This event harkened back to the 2021 meme stock frenzy when retail investors drove up GameStop's price, causing significant losses for professional short sellers and leading to legal actions and congressional hearings.
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