Comet (@cometwtf)

A man invested $53,000 of his family's savings into a dying video game store. Hedge funds laughed. He turned it into $48 MILLION and made Wall Street beg Congress to stop him. > Keith Gill was a 34 year old financial analyst at a Boston insurance firm in 2019. His salary was ordinary but his conviction was not. > He believed GameStop, a struggling mall video game retailer trading at $5 a share, was one of the most undervalued companies in America. > Wall Street disagreed. Hedge funds had shorted the stock so aggressively that more shares were shorted than actually existed. They were certain it was going to zero. > Gill invested $53,000 of his family's savings and started posting his analysis online under the name DeepFuckingValue on Reddit and Roaring Kitty on YouTube. > Nobody took him seriously. He kept posting anyway, week after week, with nothing but spreadsheets and conviction. > In January 2021 retail traders on Reddit's WallStreetBets discovered his posts. > They started buying. The stock went from $5 to $483 in three weeks. A 9,600% move. > Hedge funds that shorted the stock lost BILLIONS. One firm alone lost $6.8 BILLIO and had to be bailed out by other hedge funds. > By January 27 2021 Gill's $53,000 investment was worth $48 MILLION. > He lost $13 MILLION in a single day when the stock fell. He held anyway, without flinching, without selling a share. > Robinhood restricted buying of GameStop without warning. Retail traders were furious. Congress summoned Gill to testify. > He showed up in his Roaring Kitty headband and said three words that became the most quoted phrase in finance that year: "I like the stock." > His employer fired him and paid a $4 MILLION fine for failing to supervise his trading. > He went quiet for three years. Then in May 2024 he posted a single image on X. GameStop surged 50% the next morning before he said a word. > By June 2024 his position was worth $289 MILLION. > A Hollywood film called Dumb Money was made about the saga, starring Paul Dano. He has never spoken publicly about it. He invested $53,000 into a stock Wall Street had already written off for dead. Hedge funds lost BILLIONS.