Hedge Funds

GameStop investors are ‘playing with fire’ say hedge funds

GameStop stock is skyrocketing after the return of ‘Roaring Kitty’

Tuesday 14 May 2024 at 11:01

GameStop mania has taken over the internet again, but hedge fund managers say the social media-driven rally will come back to bite investors.

Shares in the electronics chain rose by as much as 75% on 13 May after Keith Gill, a US-based investor better known as Roaring Kitty, reappeared on social media.