The GameStop position of Keith Gill, known as “Roaring Kitty,” is more akin to market manipulation than traditional investing, according to Citron Research.
, which could make him the first GameStop billionaire by the end of this week, provided that prices continue to rise. Citron Research also alleged that Gill’s GME position may be financially backed by a larger entity, according to the post: “Citron Research was the latest short seller to announce a short position. On May 16th, Citron announced that they are short $GME again. In 2021, Citron lost over $100 million shorting $GME.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: