Robert F. Kennedy Jr., a third-party presidential candidate, has thrown his support behind the meme-stock frenzy by purchasing $24,000 worth of GameStop shares. This amounts to approximately 12,000 shares of the infamous stock. Kennedy aims to show his support for retail investors and has pledged to advocate for stricter regulatory oversight on Wall Street if he is elected president. In a statement, he emphasized the importance of transparency in markets, stronger regulations, and harsher penalties for market manipulation and illegal activities. Kennedy’s administration, he claims, will actively support the retail rebellion and implement significant reforms in the financial industry.
According to Kennedy, the $24,000 worth of stock he owns is the result of his lawsuit against agricultural company Monsanto, which is based in St. Louis. The lawsuit, which was concluded in 2018, found Monsanto guilty of negligence in their use of genetically modified organisms, pesticides, and herbicides. Kennedy, who worked as a lawyer on the case, received a settlement of nearly $300 million.
Keith Gill, also known as Roaring Kitty, played a significant role in the 2021 short squeeze of the video game company’s stock. This caused the stock price to reach a peak of $86.88 per share before Robinhood halted trading. After a recent surge in the stock’s price, Gill posted a mysterious message on social media, reigniting speculation fueled by Reddit users regarding the investment.