Meme stock mania is raising its volatile head again on Wall Street, following a cryptic post from Keith Gill, also known as Roaring Kitty, on X. Gill rose to fame during the extended meme-stock rally in 2021, which powered shares of companies such as GameStop (GME) and AMC (AMC) towards all-time highs.
According to a Bloomberg report, Gill “posted a mock-up of a Time magazine cover, featuring a blank computer screen with a media player that resembles YouTube. The image appears to be an edited version of the cover of the Dec. 25, 2006 issue of Time, when “You,” as in the American public, was named “Person of the Year.”
