Daniel Benjamin

February ended with a buzzer beater

Part of a clock tower collapsed after fire at historic courthouse in Rome, Georgia earlier today.

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