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Published 1 month ago

'You Were A Billionaire:' Did Roaring Kitty Actually Hit 10 Figures With GameStop Stock Holdings? It's Complicated - GameStop (NYSE:GME)

  • Gill could acquire 12 million GameStop shares at $20, positioning him as the fourth-largest shareholder after Vanguard, BlackRock, and Cohen's RC Ventures.
  • Despite GameStop's shares dropping 12%, Gill's holdings stayed at 5 million shares and 120,000 call options valued at $235.46 million.
  • Gill's potential billionaire status was jeopardized by GameStop's 40% stock price decrease to below $65, triggered by disappointing first-quarter results and a surprise 75 million share offering.
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