Investor At Center Of GameStop Stock Fiasco Says He “Barely” Understands It


If you don’t know the name Keith Gill, you at least know what he did. The investor, who often posts on the WallStreetBets Reddit page, was largely responsible for triggering a massive spike in the price of GameStop stock, ultimately becoming a multimillionaire and hurting short-sellers who bet on the stock to fail. But even Gill doesn’t really know how everything works here.

Speaking during a Congressional hearing about the GameStop situation (via PC Gamer), Gill admitted he “barely” understands certain elements of the previous month’s events, including Robinhood halting purchases when GameStop’s stock had peaked at several hundred dollars.

“It’s alarming how little we know about the inner-workings of the market, and I am thankful that this Committee is examining what happened,” he said.

Continue Reading at GameSpot

About author


GameSpot is a video gaming website that provides news, reviews, previews, downloads, and other information on video games. The site was launched on May 1, 1996, created by Pete Deemer, Vince Broady and Jon Epstein. It was purchased by ZDNet, a brand which was later purchased by CNET Networks.