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Keith Gill’s highly anticipated return to YouTube (scheduled for today evening, June 7) could lead GameStop speculators to a new wild ride, with the title of the video game producer always very subject to multi-billion dollar fluctuations when Gill moves a few pawns .
And in fact, GameStop shares rose as much as 37% in early market trading, awaiting Gill’s first livestream in more than three years. Overall, the stock has risen 167% since the investor returned to X with a cryptic meme on May 12, adding $11 billion to the market value in less than a month.
The raise bolstered Gill’s apparent position in the company to more than $500 million, when taking common stock and call options into account, according to a June 6 Reddit post. Now, the YouTube Live could serve as another catalyst for the meme darling, as more than 12,000 YouTube users have asked to be notified when the stream begins at noon in New York.
Cryptic messages from Gill’s Roaring Kitty The stock’s surge in this period occurred despite the video game retailer selling nearly $1 billion in stock and providing preliminary sales numbers that showed a decline in revenue.
