Self sufficient U.S. presidential candidate Robert F. Kennedy Jr. hikes within the Santa Monica Mountains in Los Angeles on March 18, 2024.
Mike Blake | Reuters
Robert F. Kennedy Jr., the third-celebration challenger to President Joe Biden and former President Donald Trump within the 2024 election, mentioned Tuesday that he had invested $24,000 within the meme stock GameStop, to be in a position to demonstrate team spirit with retail investors over super, institutional funds.
“My administration will make stronger the Ape retail rebellion and connect aggressive Wall Facet dual carriageway reforms,” Kennedy Jr. wrote in a social media put up. “To match action with phrases, I correct invested $24,000 in GameStop.”
Calling themselves “apes” to flip the designate Wall Facet dual carriageway gave them, “expressionless money,” this community of retail investors helped role off explosive rallies in 2021 for shares of the struggling on-line game retailer GameStop and the movie show chain AMC.
The apes had been motivated in half by a settle on to buck bearish Wall Facet dual carriageway analysts’ grim assessments of the corporations’ prolonged-interval of time potentialities.
Remaining week, investors briefly revived the meme stock phenomenon after “Roaring Kitty,” the man who led the GameStop frenzy in 2021, reappeared on-line for the major time in years.
Kennedy Jr. is actively courting undecided voters with a fringe political put that might charm to some anti-establishment meme stock investors.
Kennedy Jr. has made imprecise statements about his funding file. In July 2023, the candidate mentioned he had no longer invested in bitcoin, despite the true fact that financial records showed he owned as a minimum $100,000 price of the cryptocurrency.
His marketing and marketing campaign didn’t straight answer to CNBC’s interrogate for affirmation of the GameStop funding.
Hours after Kennedy Jr.’s put up, Trump’s marketing and marketing campaign launched that it would now settle for cryptocurrency donations, also displaying to court votes from investors who oppose the extinct financial scheme.
“This present day’s announcement shows President Trump’s dedication to an agenda that values freedom over socialistic authorities protect an eye on,” the Trump marketing and marketing campaign mentioned in an announcement.
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Shruthi M is a dedicated Business News Reporter at Global Business Line, specializing in breaking stories, insightful analyses, and comprehensive coverage of the global business landscape. With a keen eye for detail and a passion for delivering accurate and timely news, Shruthi keeps readers informed on the latest market trends, corporate strategies, and economic developments shaping industries worldwide.
