Independent presidential candidate Robert F. Kennedy Jr. shared online that he invested in GameStop, showing support for meme stocks and their investors.
Kennedy, who has pledged to impose stronger regulatory oversight and tougher penalties for stock market manipulation, posted on social media platform X supporting meme stock investors who call themselves the “Ape retail rebellion.”
If elected, he said he would support the cause, enact aggressive Wall Street reforms and increase transparency in the market.
“To match action with words, I just invested $24,000 in GameStop from the fees I earned from suing Monsanto for their knowingly poisoning our soil and causing cancer,” Kennedy said. “I love the idea of making Monsanto support $GMW and the Apes.”
“We need a free and fair market. Let’s punish predatory short selling to the moon,” his post continued. “By the way, I ride with you and I’m not leaving.”
GameStop shares are surging again after the return of “Roaring Kitty.” The embattled video game retailer was at the center of a 2021 controversy and meme stock frenzy after Roaring Kitty, who is legally known as Keith Gill, began another stock market surge.
Gill was launched to fame and fortune several years ago after telling his followers, amateur traders, to invest in GameStop, which had suffered during the COVID-19 pandemic and the move away from physical game discs. GameStop shares peaked at $82 in Jan. 2021.
While he doesn’t face any criminal charges, Gill has been at the center of lawsuits and calls for Wall Street to crack down on meme stock trading and the fears of social media-driven stock market swings. Gill went silent online for nearly three years but posted a meme on X, which reignited the market.
Since Gill’s return online, meme stocks, including GameStop and AMC have already climbed. GameStop shares were up nearly 70 percent Monday morning, rising to roughly $30 per share from Friday’s closing price of $17.39.
