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

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

Mike Blake | Reuters

Robert F. Kennedy Jr., the third-party challenger to President Joe Biden and former President Donald Trump within the 2024 election, mentioned Tuesday that he had invested $24,000 within the meme inventory GameStop, in an effort to point out solidarity with retail traders over massive, institutional funds.

“My administration will help the Ape retail riot and enact aggressive Wall Road reforms,” Kennedy Jr. wrote in a social media put up. “To match motion with phrases, I simply invested $24,000 in GameStop.”

Calling themselves “apes” to flip the label Wall Road gave them, “dumb cash,” this group of retail traders helped set off explosive rallies in 2021 for shares of the struggling online game retailer GameStop and the movie show chain AMC.

The apes had been motivated partly by a want to buck bearish Wall Road analysts’ grim assessments of the businesses’ long-term prospects.

Final week, traders briefly revived the meme stock phenomenon after “Roaring Kitty,” the person who led the GameStop frenzy in 2021, reappeared on-line for the primary time in years.

Kennedy Jr. is actively courting undecided voters with a fringe political model that might enchantment to some anti-establishment meme inventory traders.

Kennedy Jr. has made obscure statements about his funding document. In July 2023, the candidate mentioned he had not invested in bitcoin, despite the fact that monetary data confirmed he owned not less than $100,000 price of the cryptocurrency.

His marketing campaign didn’t instantly reply to CNBC’s request for affirmation of the GameStop funding.

Hours after Kennedy Jr.’s put up, Trump’s marketing campaign introduced that it might now settle for cryptocurrency donations, additionally showing to court docket votes from traders who oppose the normal monetary system.

“At this time’s announcement displays President Trump’s dedication to an agenda that values freedom over socialistic authorities management,” the Trump marketing campaign mentioned in a press release.