No, not everyone who invested in GameStop (GME) lost money. The 2021 saga saw significant gains for early retail investors and some short sellers who entered at peak, alongside massive losses for others. While many lost money when the stock price dropped after soaring, early investors and those who sold during the peak made substantial profits.
In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers.
The rising stock value allowed Gill to turn an initial US$53,000 investment into $50 million by January 2021. Between 2021–2024, Gill kept a low profile but continued to increase his GameStop ownership.
Users began buying shares and options in large quantities, which squeezed the short sellers. This community-driven buying frenzy caused GameStop's stock price to skyrocket. This situation caught hedge funds off guard and forced them to cover their short positions at much higher prices.
What is Keith Gill's net worth in 2025? If Gill's Gamestop position hasn't changed since he last made it public in June 2024, he owns 9 million shares, which as of early 2024, would be worth around $275 million. If Gill still holds both of these stock positions, his net worth could be around $580 million.
The normie GameStop investors who recognized the opportunity for a short squeeze were right — the stock was over-shorted, they saw their chance, and they seized it. The episode took out Melvin Capital — even after getting extra money injected, the hedge fund eventually went under.
But in 2021, Gill revealed that he had lost $13 million in one day from his investments in GameStop. Gill was also slapped with a lawsuit in 2021, accusing him of profiting from "deceitful and manipulative conduct" in promoting the GameStop shares.
Campbell only sold five of those shares, making more from that sale than she spent on the investment of the 100. She still holds the remaining shares.
While it is impossible to predict markets accurately, the conditions for another GME short squeeze are theoretically present. High short interest, retail investor enthusiasm, market volatility, and positive news could combine to create another situation reminiscent of the early 2021 squeeze.
Citron Research founder Andrew Left, whose fund took a 100% loss on a GameStop short during the squeeze in 2021, has said he has started shorting the meme-stock again.
The 7% sell rule is a stock trading guideline to cut losses quickly, advising you to sell a stock if it drops 7-8% below your purchase price to protect capital, remove emotion, and prevent small losses from becoming catastrophic, a strategy popularized by William O'Neil's CAN SLIM method for growth investing. It assumes that truly strong stocks typically don't fall much below their buy point, so a dip signals something is wrong, requiring you to exit the trade to preserve funds for better opportunities.
Investing $10,000 in Apple (AAPL) stock in 1990 would have yielded an astronomical return, making you a multimillionaire many times over by today, with calculations suggesting it would be worth tens of millions of dollars (or potentially over $100 million with dividends reinvested) due to incredible growth, stock splits, and the success of products like the iPhone, though exact figures vary slightly based on calculation dates and dividend reinvestment, Yahoo Finance.
A $10,000 investment in Microsoft on November 3, 1986 held through November 29, 2021 is worth $38.9 million today.
He became a well-known figure among retail investors for sharing his investment strategies online and discussing his big bet on GameStop. Keith Gill's net worth is estimated to be close to $268 million, much of it tied to his holdings in GameStop shares and options.
The "24-year-old trader making $8 million" refers primarily to Jack Kellogg, a successful day trader who reported over $8 million in gains from trading in 2020 and 2021, starting with just $7,500 and leveraging key indicators like VWAP, support/resistance, volume, and linear regression for simple, adaptable strategies. His story highlights achieving significant returns by weathering different market conditions, learning from losses, and sticking to core principles rather than overcomplicating things.
He became a minority owner in 2019 and co-governor in 2023. Mr. Plotkin is the managing partner and Chief Investment Officer of Tallwoods Capital his family office which focuses on investment in public and private equity as well as real estate.
The master hedge fund, Long-Term Capital Portfolio L.P., collapsed soon thereafter, leading to an agreement on September 23, 1998, among 14 financial institutions for a $3.65 billion recapitalization under the supervision of the Federal Reserve.
But the day after GameStop reached its peak, Robinhood abruptly restricted trading in some meme stocks, claiming that it had been forced to do so by a liquidity crunch, Wall Street rules and clearinghouse limits. The restrictions caused the stocks to plunge, prompting lawsuits, congressional hearings and an S.E.C.