Amazon stock fell after earnings disappointed investors in large part thanks to the heavy toll its investment in free one-day shipping had on profit margins. Yahoo Finance's Jen Rogers, Myles Udland and Brian Sozzi discuss on The Final Round.
The man credited with igniting the 2021 meme stock rally has posted his first social media message in nearly three years.
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Keith Gill, better known as “Roaring Kitty,” posted an image on Sunday of a man sitting forward in his chair, a meme used by gamers when things are getting serious. GameStop was a video game retailer that in 2021 was struggling as consumers switched rapidly from discs to digital downloads. Gill and those who agreed with him changed the trajectory of a company that appeared to headed for bankruptcy.
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(Reuters) -Shares of videogame retailer GameStop jumped 40% before the bell on Monday after "Roaring Kitty", a former marketer at an insurance firm credited with sparking the 2021 meme stock rally, returned to X.com after a three-year hiatus from social media. Keith Gill, known as "Roaring Kitty" on YouTube and "DeepF***ingValue" on Reddit, was a key figure in the so-called Reddit rally, which saw shares of GameStop surge as much as 21-fold over two weeks in January 2021 before crashing to pre-surge levels in the subsequent days. Gill on Sunday posted a sketch of a man leaning forward in a chair, a popular meme among gamers that indicates things are getting serious.
Starbucks is facing a number of challenges right now, and consumers may be opting for an up-and-coming chain as an alternative.
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The chipmaker's new GB200 platform could transform its medium-term revenue growth, according to Wall Street analysts.
It is beating its dividend peers by a wide margin.
