Independent U.S. presidential candidate Robert F. Kennedy Jr. hikes in 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 in the 2024 election, reported Tuesday that he experienced invested $24,000 in the meme stock GameStop, in an hard work to clearly show solidarity with retail investors about big, institutional resources.
“My administration will guidance the Ape retail rise up and enact intense Wall Road reforms,” Kennedy Jr. wrote in a social media article. “To match action with terms, I just invested $24,000 in GameStop.”
Calling themselves “apes” to flip the label Wall Road gave them, “dumb money,” this team of retail buyers helped bring about explosive rallies in 2021 for shares of the having difficulties movie match retailer GameStop and the film theater chain AMC.
The apes were being motivated in part by a desire to buck bearish Wall Street analysts’ grim assessments of the companies’ prolonged-time period prospects.
Final week, traders briefly revived the meme stock phenomenon soon after “Roaring Kitty,” the person who led the GameStop frenzy in 2021, reappeared on the web for the first time in years.
Kennedy Jr. is actively courting undecided voters with a fringe political brand that could attractiveness to some anti-establishment meme stock traders.
Kennedy Jr. has made obscure statements about his investment file. In July 2023, the candidate mentioned he experienced not invested in bitcoin, even however monetary records showed he owned at least $100,000 value of the cryptocurrency.
His campaign did not right away reply to CNBC’s request for confirmation of the GameStop expenditure.
Hours after Kennedy Jr.’s submit, Trump’s campaign introduced that it would now take cryptocurrency donations, also showing to court docket votes from investors who oppose the regular economical method.
“Today’s announcement reflects President Trump’s motivation to an agenda that values freedom above socialistic federal government command,” the Trump marketing campaign claimed in a assertion.
