GameStop stock influencer Roaring Kitty may lose access to E-Trade, report says
Enlarge / Keith Gill, known on Reddit under the pseudonym DeepFuckingValue and as Roaring Kitty, is seen on a fragment of a YouTube video. (credit: SOPA Images / Contributor | LightRocket)
E-Trade is apparently struggling to balance the risks and rewards of allowing Keith Gill to continue trading volatile meme stocks on its platform, The Wall Street Journal reported.
The meme-stock influencer known as "Roaring Kitty" and "DeepF-Value" is considered legendary for instantly skyrocketing the price of stocks, notably GameStop, most recently with a single tweet.
E-Trade is concerned, according to The Journal's insider sources, that on the one hand, Gill's social media posts are potentially illegally manipulating the market-and possibly putting others' investments at risk. But on the other, the platform worries that restricting Gill's trading could incite a boycott fueled by his "meme army" closing their accounts "in solidarity." That could also sharply impact trading on the platform, sources said.