(3 Jun 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
New York - 3 June 2024
1. Wide of GameStop exterior
2. SOUNDBITE (English) Seth Sutel, The Associated Press:
"GameStop shares soared another 30% on Monday. This came after someone claiming to be Keith Gill, AKA "Roaring Kitty," made another post on social media on a discussion site called Reddit."
3. Tight of GameStop sign
4. SOUNDBITE (English) Seth Sutel, The Associated Press:
"The last time social media drove a big stock action like this was three years ago, when someone also under the name of "Roaring Kitty" started making lots of posts about this stock, encouraging kind of his flock of individual investors to kind of stick it to the Wall Street big shots who were betting that the stock would fall"
5. Elevated wide of GameStop exterior
6. SOUNDBITE (English) Seth Sutel, The Associated Press:
"This time, it appears that the social media posts are under the same account as in 2021, but it's hard to be sure because the face of the person who was behind the "Roaring Kitty" posts in 2021 is not really anywhere to be seen."
7. Wide of GameStop exterior
8. SOUNDBITE (English) Seth Sutel, The Associated Press:
"It's a little like a social media influencer who decides that a certain fashion or kind of shoe or place to go or restaurant is hot all of a sudden, the same thing can happen to a stock."
9. Medium of GameStop exterior
10. SOUNDBITE (English) Seth Sutel, The Associated Press:
"It's moving not quite as dramatically this time around, but three years ago, the first time this happened, it was nuts. The movements in the stock were very, very extreme. And so now it's just kind of a lighter echo of the first time this came around."
11. Wide of GameStop exterior
12. SOUNDBITE (English) Seth Sutel, The Associated Press:
"This doesn't mean it's a good idea to buy. It's not traditional investing like most people know it. It's more of a social media phenomenon that does happen to move a stock."
13. Medium of GameStop logo
STORYLINE:
Shares of GameStop soared Monday following speculation that Keith Gill, better known as “Roaring Kitty” on social media platforms, is still heavily invested in the video game retailer.
Gill was at the center of the pandemic meme stock craze.
Late Sunday the original Reddit account owned by Gill shared a screenshot that showed he may hold 5 million shares of GameStop that were worth $115.7 million as of Friday.
It is unclear that the account poster is actually Gill, prompting buzz among Wall Street investors keenly monitoring the meme stock.
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3 окт 2024
