RFK Jr. Invests $24,000 in GameStop, Courting Meme Stock Investors

Independent presidential candidate Robert F. Kennedy Jr. wants to win over all the anti-establishment voters.

In a bid to demonstrate his support for retail investors whom he referred to as the “Ape retail rebellion,” in their battle against large institutional funds, Kennedy Jr. announced on Tuesday that he had invested $24,000 in the meme stock GameStop (NYSE: GME).

The announcement comes amid a revival of the meme stock phenomenon, which first gained attention in 2021 when retail investors, dubbing themselves “apes,” helped trigger massive rallies in the shares of struggling companies like GameStop and AMC (NYSE: AMC). The recent resurgence was sparked by the reappearance of “Roaring Kitty,” the influential figure behind the original GameStop frenzy.

Kennedy Jr.’s campaign, which has been actively targeting undecided voters with a fringe political brand, sees the meme stock movement as a potential source of support. Last month, Kennedy Jr. vowed to put the “entire US budget on blockchain.

He isn’t the only one. President Trump’s campaign announced that it would begin accepting cryptocurrency donations. The Trump campaign characterized the decision as a reflection of the president’s commitment to “freedom over socialistic government control.”


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Phosphate: Building a North American Battery Supply Chain from the Ground Up

Why This War Made the Gold Case Stronger | Michael Gentile

Wall Street Bought the Ceasefire. Now Oil’s Back Over $100 | Todd Bubba Horwitz

Recommended

Total Metals Secures High Grade Critical Minerals Property In Northwestern Ontario

Discovery at Luis Hill Prompts Acceleration of Phase 2 Program for Questcorp

Related News

SEC Starts Investigation On Melvin Capital For The GameStop Short Squeeze

Already closed shop and planning to return money to its investors, hedge fund firm Melvin...

Friday, August 12, 2022, 03:40:00 PM

GameStop Partners With Immutable X For NFT Marketplace

GameStop Corp (NYSE: GME) is making a push into the NFT space. The firm this...

Thursday, February 3, 2022, 07:54:31 AM

GameStop Finally Launches NFT Marketplace, Market Shrugs

GameStop Corp (NYSE: GME) yesterday met its commitment made earlier this year when it announced...

Tuesday, July 12, 2022, 09:26:17 AM

GameStop Earnings Plummet As It Shakes Up Management

Last night, GameStop Corp. (NYSE: GME) abruptly, and without stated reason, fired its CEO Matt...

Thursday, June 8, 2023, 07:29:00 AM

GameStop Craters On Q4 2023 Revenue Decline, Job Cuts

In a significant blow to GameStop (NYSE: GME), shares of the brick-and-mortar video game retailer...

Wednesday, March 27, 2024, 10:09:38 AM