Keith Gill Returns to Reddit, But E*Trade May Rain on His Parade

Story Highlights

• Meme stock legend DeepF***ingValue named Keith Gill returns to Reddit, igniting another GameStop rally.
• E*Trade, Gill’s brokerage, is considering a ban over potential stock manipulation concerns.
• Gill’s return sparks debate: hero or manipulator? Only time will tell.

Keith Gill, the online investor who became a legend during the meme stock frenzy as DeepF***ingValue, made a surprise return to Reddit last Sunday. His reappearance, marked by a hefty investment in GameStop (GME), sent the stock price soaring. However, Gill’s return party might be cut short as his brokerage, E*Trade, considers a ban over concerns of stock manipulation.

Gill, known for his transparency during the 2021 meme stock saga, had been quiet on Reddit since then. But last weekend, he broke his silence, posting a screenshot showcasing a significant holding in GME shares and call options. This unexpected move from a prominent retail investor ignited another rally, pushing GME’s price up 21% on Monday. Many online communities rejoiced at Gill’s return, hoping for a repeat of the epic 2021 saga.

But not everyone is celebrating. E*Trade, now owned by Morgan Stanley, is reportedly having internal discussions about banning Gill from their platform. According to news sources, the brokerage is concerned that Gill’s actions might be manipulative. This potential move by E*Trade throws a bucket of cold water on the GME rally. The stock price dipped after the news broke, highlighting the tightrope walk between retail investor enthusiasm and the watchful eye of regulators.

Gill’s return has sparked a debate. Is he a hero reviving a struggling company, or a catalyst for market manipulation? Only time will tell if DeepF****ingValue’s return will be a blessing or a curse for GameStop.