📈 GameStop Soars After “Roaring Kitty” Tweets

TOP STORY
📈 GameStop Soars After “Roaring Kitty” Tweets

It's happening again… GameStop is going to the moon!

GameStop shares have soared over 70% today as "Roaring Kitty," the person behind the 2021 meme stock craze—yes, that one—made a dramatic reappearance online.

After posting for the first time in nearly three years on X and Reddit, GameStop's stock exploded, leading to multiple trading halts on Monday.

And it’s not just GameStop; AMC is also up big, over 40% today. Sounds a little familiar, doesn’t it?

But why did he come back now? Well, this rally comes right after around 24% of GameStop's freely available shares were shorted.

The big hedge funds wanted to squeeze GameStop stock after the company’s recent layoffs and falling revenue, and Roaring Kitty wasn’t having any of it.

Wow, this guy is like a real-life Robinhood.

ENTERTAINMENT
🦍 ‘Kingdom of the Planet of the Apes’ is a massive hit

First, here are the box office numbers:

• U.S.: $56.5M

• Overseas: $72.5M

• Global Total: $129M

Now, some context:

• Typically, a film must gross about twice its production budget globally to break even, accounting for production and marketing expenses.

• This film's budget was $160M, meaning it would likely need to gross around $320M or more worldwide to start turning a profit.

• And they are well on their way to getting there, just a few days in.

We know these numbers might look like jargon to you, so here’s a reference point.

The 2nd and 3rd biggest movie hits of the past month:

The Fall Guy (May 3):

• U.S.: $49.7M

• Overseas: $54M

• Global: $103.7M

Challengers (April 22):

• U.S.: $38.4M

• Overseas: $30.6M

• Global: $68.7M

It’s safe to say that "Planet of the Apes" is this year’s movie of the summer, leaving its fellow films in the dust.

I guess people still like action + monkeys better than romance movies.

SPORTS
🃏 Lionsgate announces Shohei Ohtani’s gambling scandal documentary

Lionsgate TV just announced that it is developing a brand new series about the shocking gambling scandal involving MLB superstar Shohei Ohtani and his interpreter, Ippei Mizuhara

• The controversy erupted earlier this year when it was revealed that Mizuhara had embezzled a staggering $17M from Ohtani for gambling purposes.

• The discovery left many people questioning whether Mizuhara had really stolen the money or was just taking the fall for Ohtani.

But he just “pleaded guilty to federal charges of felony bank fraud and submitting a false tax return” earlier this week, so maybe he really did do it.

Back to the series…

The series will explore Ohtani’s journey to the MLB, from becoming the first player in major league history to win the MVP unanimously twice to his record-breaking $700M contract with the Dodgers, the largest in American sports history.

A contract that was signed right before the controversy started at the beginning of the 2024 MLB season.

We can’t wait for this one!