RFK Jr. says he invested $24,000 in GameStop after short meme inventory revival

Unbiased U.S. presidential candidate Robert F. Kennedy Jr. hikes in the Santa Monica Mountains in Los Angeles on March 18, 2024.

Mike Blake | Reuters

Robert F. Kennedy Jr., the third-birthday celebration challenger to President Joe Biden and ragged President Donald Trump in the 2024 election, mentioned Tuesday that he had invested $24,000 in the meme inventory GameStop, to be in a position to level to solidarity with retail investors over big, institutional funds.

“My administration will toughen the Ape retail stand up and accomplish aggressive Wall Avenue reforms,” Kennedy Jr. wrote in a social media submit. “To study motion with phrases, I correct invested $24,000 in GameStop.”

Calling themselves “apes” to flip the mark Wall Avenue gave them, “lifeless money,” this neighborhood of retail investors helped trigger explosive rallies in 2021 for shares of the struggling video sport retailer GameStop and the movie show chain AMC.

The apes were motivated in section by a want to buck bearish Wall Avenue analysts’ grim assessments of the companies’ prolonged-term potentialities.

Final week, investors fleet revived the meme inventory phenomenon after “Roaring Kitty,” the man who led the GameStop frenzy in 2021, reappeared on-line for the first time in years.

Kennedy Jr. is actively courting undecided voters with a fringe political tag that may perchance perhaps well allure to some anti-establishment meme inventory investors.

Kennedy Jr. has made obscure statements about his investment file. In July 2023, the candidate mentioned he had no longer invested in bitcoin, even supposing financial records confirmed he owned at the very least $100,000 rate of the cryptocurrency.

His advertising and marketing and marketing campaign didn’t at once acknowledge to CNBC’s question for affirmation of the GameStop investment.

Hours after Kennedy Jr.’s submit, Trump’s advertising and marketing and marketing campaign announced that it may perchance perhaps well well now accept cryptocurrency donations, additionally exhibiting to court docket votes from investors who oppose the veteran economic system.

“On the present time’s announcement shows President Trump’s dedication to an agenda that values freedom over socialistic authorities administration,” the Trump advertising and marketing and marketing campaign mentioned in an announcement.

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