A guy on Reddit turned $53,000 into $181 million on GameStop while the hedge fund betting against him lost $6.8 billion and shut down

In June 2019 Keith Gill was a financial advisor at MassMutual making a normal salary
He noticed hedge funds had shorted more GameStop shares than actually existed in circulation
140% short interest on a stock trading at $5
He put $53,000 into GME and started posting about it under three different names nobody knew were the same person
DeepFuckingValue on Reddit
Roaring Kitty on YouTube
Keith Gill in real life
For over a year people called him an idiot
January 2021 millions of Reddit users started buying
GME went from $17 to over $500 in three weeks
His position peaked at $48 million
Melvin Capital lost so much money they shut down permanently
Robinhood halted the buy button to stop the bleeding
It got so out of control that Congress opened a hearing
Keith Gill testified with a red headband and a cat poster behind him
"I like the stock"
Reuters had to cross reference public records and social media posts just to figure out all three accounts were the same person
Then he went completely silent for three years
In may 2024 he posted one image of a guy leaning forward in a chair
GME jumped 74% before the market opened
Three weeks later he revealed a $181 million position in GameStop
$53,000 into the most hated stock on Wall Street turned one man into a legend and one hedge fund into a Wikipedia page