American presidential candidate Robert F. Kennedy Jr. announced Tuesday that he purchased $24,000 worth of GameStop (GME) shares. In a post on
“I am very aware of what the average retail investor has been saying about the need for greater transparency in our markets, stronger regulatory oversight and tougher penalties for market manipulation and criminal behavior,” RFK said in his post. “My administration will support the Ape retail rebels and implement aggressive Wall Street reforms.”
Robert F. Kennedy Jr added that he is financing the GameStop GME investment with fees he earned from suing Monsanto, an agrochemical and agricultural biotechnology company that closed operations in 2018. “I think it's a great idea to have Monsanto support GME and the Apes. We need a free and fair market. Let's punish predatory short-selling to the moon.”
Also read: Solana champion on all fronts, claims $180 back: what's next for SOL?
Last week, GameStop shares have soared by more than 200%. The increase was not due to a huge development by the game store. Instead, Roaring Kitty, the father of the 2021 video game retailer short squeeze, returned to social media and fueled the wave with a series of posts suggesting bullish sentiment. AMC also saw tremendous growth due to the surge. However, GME has since fallen back to $22.15 at close. Shares in GME are down more than 45% in the past week after the short pump.
It appears that Robert F. Kennedy Jr. wants to capitalize on the GameStop boom to win over more voters to his 2024 presidential bid. He ensured that his administration, if elected, would support the retail uprising and reform Wall Street and short selling.