Did Roaring Kitty manipulate the stock market?

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Disgruntled investors who rode the meme stock wave reading a lot into every perceived signal

Former Securities and Exchange Commission chairman Jay Clayton says Keith ‘Roaring Kitty’ Gill’s tweets may amount to market manipulation. Photograph: Allison Dinner / EPAchairman Jay Clayton says Keith “Roaring Kitty” Gill’s tweets may amount to market manipulation. This seems tall, and not just because we don’t know if Gill participated in the run-up in Gamestop shares.

Nevertheless, Levine notes former Bed Bath & Beyond investor Ryan Cohen is facing a lawsuit from disgruntled investors. The lawsuit is partly based on Cohen selling stock shortly after posting a smiley moon emoji, which some took to mean he believed the stock was headed to the moon.and other respected outlets debated if a tweet featuring a picture of an ice cream and a frog emoji might have sent Gamestop shares soaring. “I don’t know what an ice-cream means,” one analyst said at the time.

 

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