Reddit’s lead GameStop hypebeast is being sued for his role in the stock surge

Reddit’s lead GameStop hypebeast is being sued for his role in the stock surge


Image: Roaring Kitty/Keith Patrick Gill

“Roaring Kitty,” also known as u/DeepFuckingValue on Reddit and Keith Patrick Gill in real life, is now the target of a lawsuit (which you can view below) that claims he manipulated the market to increase GameStop’s stock price.

The lawsuit claims that he created a “fake persona” of an investment newbie, while actually having several financial certifications and working for an insurance company. That company, Massachusetts Mutual Life Insurance Company, is also named as a defendant, with the case saying that it should’ve prevented Gill from talking about the stock.

Gill is well known on the WallStreetBets subreddit, where he’s been posting for a year about GameStop’s stock, its value, and how much he has invested. He would also post h…

Continue reading…

Source:

This post was originally created on this site & curated for Mamizi members