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“DeepF – ingValue” went deep in the red.
The Reddit user who helped spark the explosive rally in the GameStop share price said he lost more than $ 13 million in a single day when stocks collapsed.
Keith Gill – the Massachusetts man better known as DeepF – ing Value on Reddit and “Roaring Kitty” on YouTube – revealed the loss on Reddit’s WallStreetBets forum, where he regularly shared updates on his investment GameStop.
Gill owns 50,000 shares in the video game retailer as well as 500 stock options. The value of its stake fell $ 13.6 million on Tuesday as GameStop’s stock price fell 60%, adding to a loss of around $ 5.2 million on Monday, according to Catches from screen of his brokerage account that he posted on Reddit.
Even with those losses, Gill says he racked up a $ 7.6 million win on his GameStop bet, which would have started with an investment of $ 53,000 in June 2019. He does not appear to have sold any shares or options since the action poured this week.
Gill has become an internet celebrity since his fellow WallStreetBets users made one of the biggest short presses ever, bringing the GameStop stock price to $ 483 last week.
He highlighted how well Wall Street investors had bet against GameStop in a video last year on YouTube, where it has 334,000 subscribers, according to CNBC. The thesis helped spark an online revolution that shook financial markets and caught the attention of regulators.
“I didn’t expect this,” Gill, 34, told the Wall Street Journal in an interview published last week. “This story is so much bigger than me.”
Gill did not immediately respond to a message posted to her Reddit account on Wednesday morning.
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