Roaring Kitty’s social post boosts a stock. But not GameStop.
Shares of Unity Software spiked double digits on the value investor turned memelord’s latest tweet.
Shares of gaming-development company Unity Software are soaring double digits in the wake of a New Year’s Day tweet from Keith Gill, aka Roaring Kitty.
It featured a GIF of comedian Dave Chappelle doing an impersonation of R&B star Rick James’ 1981 hit “Give It To Me Baby,” a song that, as many retail traders have noted, includes the line “Wait till I squeeze you.”
— Roaring Kitty (@TheRoaringKitty) January 2, 2025
Given there really aren’t too many shorts to squeeze in the case of GameStop, that message wouldn’t seem to apply well to the brick-and-mortar retailer that Gill is most famous for investing in. Indeed, shares of GameStop were modestly lower as of 10:30 a.m. ET.
There was also a massive bid for Unity Software on December 5, the day Gill posted an image that could be interpreted as “Time You Cover.”
U is Unity Software’s ticker symbol.
“Time U Cover,” “Wait Till I Squeeze U”... well, you can see how the thesis has developed.
The company has a market cap of $10 billion, which looks a little rich if we’re thinking in terms of potential acquisition targets for GameStop CEO Ryan Cohen, whose turnaround plan and war chest are the alpha and omega of Gill’s bull thesis for the retailer.
