Tencent technology news, according to foreign media reports, public records and social media Posts show that a YouTube streaming media user who helped drive Gamestop's share price soaring is a 34 year old financial consultant from Massachusetts who until recently worked for insurance giant MassMutual.
In his social media messages and videos, Jill repeatedly said that he was optimistic about the troubled physical retailer, and shared pictures of his trading account making profits in stocks, which triggered the following of like-minded Gamestop advocates.
The incident has attracted close attention from members of Congress, the White House and the securities and Exchange Commission, and the New York attorney general is investigating.
Jill did not respond to multiple calls and messages seeking comment. Ms. gill no longer works for the company, MassMutual said in a statement Thursday. It did not immediately respond to other questions raised by the media.
Late Thursday, calls and emails to Gamestop were unanswered. So far, the company has not commented on the incident.
Jill posted a lot on reddit's Wall Street bets and is now a Gamestop flute player. He shared a screenshot of his portfolio, which seems to have inspired thousands of retail amateurs to follow him to the ailing retailer.
He began to share his investment in Gamestop in September 2019, and released a screenshot of his portfolio, which shows that he has invested $53000 in the company and made a net profit of $46000. The media can't confirm that.
In the YouTube video, he elaborated on his investment view that the company was undervalued. The company is now in a very strong position and is likely to grow its fledgling online business rapidly.
According to Gil's reddit post, his stock and options investments in the company rose more than 4000% as of Wednesday, with his Gamestop stake plus cash worth nearly $48 million. The media can't independently verify his profits.
fever of enthusiasm
With the stock trading frenzied this week, his portfolio updates seem to encourage other investors to stay in the stock.
Some lawyers have said that Jill and other reddit users played an unusual role in promoting Gamestop, which could lead to regulatory scrutiny. But they stressed that it was not clear whether he had done anything wrong.
Some people say that if Jill invests in stocks and holds them firmly just because he believes in the company, then he has nothing to fear.
The securities and Exchange Commission, which oversees the stock market, said this week it was monitoring market volatility, but did not immediately respond to a request for comment late Thursday.
After online brokerages restricted Gamestop trading on Thursday, Gill said he lost $14.8 million on the day alone, but his stock value was still up $33 million overall.