Rooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
The so-called"meme stock" GameStop plunged as financial influencer"Roaring Kitty" hosted his first live stream in three years since the last meme stock bonanza. Keith Gill, who runs X and YouTube accounts, is followed by investors and also publishes opinions on Reddit under the username"Deep-------Value.”
Gill's cheerleading of stocks has often sent some soaring. Scripps News has spoken to economists and financial advisers to ask if any of that conduct is illegal, and that is still not clear. It was a lot of money at stake for investors and displayed how much power one person could have on the stock market with their online activity before an audience of social media users.
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