Redditor Who Started GameStop Stock Frenzy Just Lost A Ridiculous Amount Of Money
The Redditor who led the charge in the GameStop stock frenzy last week has now lost millions.
Keith Gill, also known as "DeepF***ingValue" on Reddit, posted in the now-famous Reddit page "r/wallstreetbets" saying the values of his GameStop holdings had dropped to just $7.6 million, which is quite low compared to what he had.
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$13 Million
Amount lost in a single day.
The day prior to taking the loss, Gill was sitting on $21 million, which is still down from the nearly $50 million he had last week when GameStop shares peaked at a whopping $483 each.
The Redditor posted his brokerage statement Tuesday night.
from wallstreetbets
CBS News reports GameStop shares went slightly up on Wednesday, reaching just over $93 a share.
But the video game retailer has seen a tremendous plunge since the fiasco began last week, losing over 80% of its value, which lead to a nearly $30 billion loss for GameStop investors.