Keith Gill might be a billionaire on Friday. After surging 47.5% on Thursday, GameStop stock rose another 31.6% afterhours to end at $61.27 per share. Keith Gill showed screenshots purporting to show that he owns 5 million shares of GME and 120,000 call options with a $20 strike price. If he were to exercise those options now, the retail trader who started the meme stock craze back in 2021 would be worth $1.042 billion at that afterhours price.
93 billion in 2022 but has been falling over the past decade as physical game purchases have been declining in favor of digital downloads directly from hardware providers like Sony’s Playstation, Microsoft’s XBox, Nintendo and the Steam platform. The company trades under the GME symbol on the New York Stock Exchange.
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