Matt Levine, Columnist

GameStop Is Back!?

Roaring Kitty, Jim Simons, UBS referral bonuses, “doing very well” and everything is securities fraud.

May 13, 2024 at 12:20 PM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Man, whenever Wharton puts Meme Financial Markets into its MBA core curriculum and hires me to teach it, this is going to be the final exam:

Here is the first tweet, which does not make any fundamental or technical case for buying GameStop’s stock, or make any other arguments for the stock, or mention GameStop, or contain any words at all. Just a drawing of the guy leaning forward. There are some ambiguous follow-up video clips. Prior to this, Gill had not tweeted since June 2021, and his YouTube channel has been similarly dormant. GameStop’s stock opened this morning at $26.34, up 51% from Friday’s close; it got as high as $38.20 at 10:05 a.m., and was halted for volatility nine times in the first two hours of trading. Some exam questions:

Before it’s here, it’s on the Bloomberg Terminal

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