Skip to content

Andrew Tate warns ‘the entire stock market is rigged’

Andrew Tate warns ‘the entire stock market is rigged’
Ana Zirojevic

After partaking in the recent meme stock craze by pouring millions into GameStop (NYSE: GME) shares, popular British-American social media personality and former professional kickboxer Andrew Tate, also known as Top G, proclaimed there was corruption in the stock market.

Specifically, after joining the meme stock mania revived by investor Keith Gill alias the Roaring Kitty, which focused on frenzied trading of GameStop and AMC Entertainment (NYSE: AMC) shares, Tate expressed this opinion in an X post on June 9.

Indeed, claims such as Tate’s are not an exception, particularly in the light of Wall Street corruption and scandals surrounding the Great Recession, which have led individuals to bet against those shorting specific stocks, with short-sellers including hedge funds and other major investors.

Andrew Tate Twitter lectures

As a reminder, amid the meme stock hype that started on the social media platform Reddit (NYSE: RDDT) and its effect on the wider market, particularly the short-sellers of stocks like AMC and GME, Tate has earlier claimed to have purchased $6 million in GME stock and, more recently, another $100,000

Commenting on his actions in the stock market at the time, the influencer underscored the importance of a “warrior spirit,” or making bold decisions to reap high rewards, as well as calling for unity in fighting what he called the “Matrix,” as per a series of his X posts on May 13 and 14. 

Meanwhile, Andrew Tate’s GameStop stock bet might not be playing out as planned, considering that its shares dipped from the week’s high of $61.27 to $37.58 in a day and continued to decline, currently trading at $28.22, which indicates a loss of 29.61% across the week, albeit rising 4.18% in pre-market.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.