(YouTube) On Thursday GameStop … Reddit CEO is asked if financial advice on the forum can be trusted. On Thursday GameStop … That created a … ... Gill earned a handsome profit and a legion of online followers for making the case for GameStop shares on Reddit … Robinhood and Reddit in the spotlight during GameStop congressional hearing By Matt Egan, Brian Fung and Clare Duffy, CNN Business Updated 5:51 p.m. US lawmakers grill key figures in GameStop stock probe. 1.2k comments. The hearing was understandably full of the typical Washington, D.C. grandstanding, but the ultimate fallout from the GameStop fiasco could have … Lawmakers are examining whether the … The hearing on GameStop's unlikely stock rally will likely allow Congresspeople an excuse to push for stronger consumer protections. I'm taking a brief moment to write a chart analysis post because I feel that we are nearing a critical junction point.The volume today has been extremely low, currently sitting at around 1.7 million, and I feel that a lot of people are sensing that something big is coming. GameStop rose instead thanks to the Reddit rally. GameStop will be front and center Thursday during a hearing on Capitol Hill. This past week, the House Committee on Financial Services held part two of three anticipated hearings on the GameStop/Reddit/Robinhood saga. On Thursday afternoon, Congress held a hearing to address the GameStop stock fiasco. GameStop hearing - Updates as Roaring Kitty, and Reddit and Robinhood CEOs testify. GameStop hearing on tap with Robinhood, Melvin, Reddit and Citadel CEOs Feb. 18, 2021 4:15 AM ET Robinhood Financial LLC (RBNHD) By: Yoel Minkoff , … What is the GameStop hearing about? The U.S. government is set to conduct a virtual hearing for the GameStop stock spike, where CEOs from Reddit, Robbinhood and Citadel are set to testify, including Keith Gill, aka Roaring Kitty. WASHINGTON -- Both chambers of Congress will have hearings into the Reddit-fueled GameStop trading saga after the House Committee on Financial Services announced it … WASHINGTON -- Both chambers of Congress will have hearings into the Reddit-fueled GameStop trading saga after the House Committee on Financial Services announced it … Ben Winck. Robinhood CEO defends actions in GameStop saga at hearing FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, … AMC’s gains were relatively more restrained but it still hit a high of over $20 from a 52-week low of under 2 bucks. "It is tragic that some people lost money and my heart goes out to them," Gill said. WASHINGTON (AP) — The CEO of Robinhood defended the trading platform to Congress Thursday for its actions during the GameStop trading saga, while apologizing to customers for restricting their ability to trade at the height of the … 29 33 30 37 2 2. The hearing revisited January's GameStop (ticker: GME) trading frenzy. And Gill did manage to sneak a reference to one of the most popular GameStop memes into … FACT SHEET OF THE KEY ISSUES r aised by Robinhood, Reddit, Citadel, GameStop and rigged markets. The hearing comes after Reddit's WallStreetBets community banded together and used Robinhood and other financial services apps to push GameStop … The House Financial Services Committee holds a hearing to question the executives of Robinhood Markets Inc., Reddit and other firms that played a role in the GameStop stock drama. Reddit chatter was alive in anticipation of the hearing. Today markets a pivotal point in history for both penny stocks and blue-chips alike. The hearing focused almost solely on GameStop. The hearing will be attended by Citadel CEO Ken Griffin, Robinhood CEO Vlad Tenev, Melvin Capital Management CEO Gabriel Plotkin, Reddit co-founder Steve Huffman and Reddit … Steve Huffman, CEO of Reddit, conceded in questioning on Thursday that users on the forum responsible for the GameStop … Today markets a pivotal point in history for both penny stocks and blue-chips alike. The GameStop drama “has put a maximum spotlight on institutional practices by Wall Street firms” and potential conflicts of interest, Rep. Maxine Waters, D-Calif., the head of the Financial Services Committee, said at the start of the hearing. Plotkin's short position in GameStop enraged some people so much that he received death threats. After the group on Reddit began to make posts about Melvin’s specific investments, Plotkin said GameStop’s stock rose from $17 to a peak of $483 during a “frenzy” related to the postings. Up Next. The CEOs of Reddit and Gamestop testified today, along with independent trader Keith Gill. Meme. ... help Reddit App Reddit coins Reddit premium Reddit … The GameStop drama “has put a maximum spotlight on institutional practices by Wall Street firms” and potential conflicts of interest, Rep. Maxine Waters, D-Calif., the head of the Financial Services Committee, said at the start of the hearing. 58.2k. Robinhood, Citadel, Melvin Capital and Reddit CEOs will testify at a U.S. House Committee hearing over the recent GameStop trading saga. ET, February 18, 2021 save. Reddit trader Keith Gill told Congress he'd still buy GameStop stock at its current price. It's Warden. Plus the trader known as "Roaring Kitty," who had better be wearing his headband. Gill's testimony won plaudits Thursday from WallStreetBets members on Reddit and the live-chatting service Discord. Steve Huffman, CEO and co-founder of Reddit, testified that its WallStreetBets forum at the heart of the GameStop drama “is first and foremost a real community.” No, it isn’t cannabis legalization or another round of stimulus. The hearing featured the CEOs of Robinhood, Citadel, Reddit, and … The hearing on how Reddit users banded together to squeeze hedge funds betting against GameStop and other companies will feature rare opportunities for … The CEOs of Robinhood, Melvin Capital, Citadel, Reddit… Robinhood CEO defends actions in GameStop saga at hearing. Robinhood CEO defends actions in GameStop saga at hearing FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, … The hearing focused almost solely on GameStop. Wall Street hedge fund managers, the chief executives of Robinhood and Reddit, and a YouTube streamer known as Roaring Kitty face a grilling on … After GameStop's Reddit rally swamped Melvin with red ink, stunned investors, regulators and lawmakers want answers to Plotkin's risk management and how he had left his fund so vulnerable. Tension, irate questions, people talking over one another, and a cat photo. Securities regulators and lawmakers have plenty to ponder about who to hold accountable for the GameStop stock frenzy. The hearing offers Robinhood a chance to cool down customers’ conspiracy theories about why it restricted trading on stocks such as GameStop and … Thursday’s House Committee on Financial Services hearing gives US representatives a chance to question CEOs from Robinhood, Reddit … GameStop Hearing, Part 2 Robinhood CEO Vlad Tenev, along with investment firm executives, testifIed before the House Financial Services Committee on GameStop… The GameStop drama “has put a maximum spotlight on institutional practices by Wall Street firms” and potential conflicts of interest, Rep. Maxine Waters, D-Calif., the head of the Financial Services Committee, said at the start of the hearing. Robinhood CEO defends actions in GameStop saga at hearing FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, … No, it isn’t cannabis legalization or another round of stimulus. GameStop shares soared as high as $483 in January but have since fallen back, trading Thursday afternoon at around $45. Robinhood CEO defends actions in GameStop saga at hearing. 1. As previously reported, the House Committee on Financial Services will host part two of the hearing tackling the GameStop/Robinhood/Reddit trading phenomenon tomorrow. The House Financial Services Committee tomorrow will hold its GameStop hearing, including testimony from the heads of Robinhood, Reddit, Citadel and Melvin Capital. GameStop hearing - Updates as Roaring Kitty, and Reddit and Robinhood CEOs testify. The virtual hearing, which will be live-streamed on the committee’s YouTube channel, is expected to examine possible collusion between Robinhood, Citadel Securities and Melvin Capital in the decision to stop trading of GameStop shares on Robinhood at the height of the rally. Robinhood CEO defends actions in GameStop saga at hearing FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, … The U.S. House Committee on Financial Services will hold a second hearing on the Wall Street trading debacle that involved GameStop, Reddit, … The atmospherics of the GameStop hearing suggest that if bills emerge, they will have a difficult path through the narrowly divided House and Senate. CITADEL FACT SHEET: Who is Citadel and why should you care? The latest: The CEOs of Reddit, Citadel, Robinhood, Melvin Capital and the Reddit user who helped set off the GameStop stock frenzy testified before the House Financial Services Committee. The House Financial Services Committee held a hearing investigating the r/WallStreetBets GameStop short squeeze. ... "While entities such as GameStop, Melvin Capital, Reddit, and Robinhood have … Reddit CEO is asked if financial advice on the forum can be trusted. GameStop: US lawmakers to quiz key players from Robinhood, Reddit and finance This article is more than 1 month old House hearing marks first time major figures have all been forced to … Reddit day trader urges Wall Street probe ahead of GameStop hearing Eric Platt and Ortenca Aliaj in New York and Miles Kruppa and Hannah Murphy in San Francisco – Financial Times Photo by Zach Gibson/Getty Images Robinhood CEO defends actions in GameStop saga at hearing. The House Financial Services Committee is holding a hearing Thursday following January’s GameStop saga during which shares soared 1,600% before … Reddit and Robinhood CEOs Will Testify at Congressional Hearing Over GameStop Stock Fiasco: Redditor and YouTube personality Roaring Kitty has also been summoned. It is the cherry on the next phase in a storied saga of retail versus institutions. On Thursday GameStop … The hearing investigated measures to foster a healthier internet and protect consumers. Thursday's five-plus hour U.S. congressional hearing on GameStop had … Reddit day trader urges Wall Street probe ahead of GameStop hearing Keith Gill, also known as Roaring Kitty, to testify alongside hedge fund boss who lost … Watch live Robinhood, Citadel and Reddit CEOs testify to the House on the GameStop mania Published Thu, Feb 18 2021 11:38 AM EST Updated Thu, Feb 18 2021 12:08 PM EST Maggie Fitzgerald @mkmfitzgerald The 12 pm ET hearing will also feature testimony from Reddit CEO Steve Huffman and Keith Gill, a trader whose posts on the WallStreetBets subreddit helped fuel the GameStop boom. Watch GameStop Hearing Live: Reddit and Robinhood CEOs Testify. At the hearing, regulators will attempt to figure out whether market manipulation played a role in last month’s Reddit-fueled market mania, and whether any other financial rules were broken in the process. The House Financial Services Committee is holding a hearing on Thursday related to the recent "meme stocks" debacle involving GameStop, with … Reddit Inc. co-founder and CEO Steve Huffman speaks during a hearing with the House Communications and Technology and House Commerce Subcommittees on Capitol Hill on October 16, 2019, in Washington, DC. Shares of GameStop, a struggling, mall-based video game seller, soared last month after an online message board on Reddit targeted the heavily shorted stock … OTHER RESOURCES: (His average buy price is … Reddit chatter was alive in anticipation of the hearing. The hearing may also lay the groundwork for further congressional investigations or attempts to impose tougher rules on hedge funds and trading platforms. GameStop - Get Report shares edged higher Thursday as lawmakers in Washington prepared to grill some of the key players involved in the stock's meteoric Reddit … Shares of GameStop, a struggling, mall-based video game seller, soared last month after an online message board on Reddit targeted the heavily shorted stock … AMC’s gains were relatively more restrained but it still hit a high of over $20 from a 52-week low of under 2 bucks. ... Gill earned a handsome profit and a legion of online followers for making the case for GameStop shares on Reddit … Highlights from the Congressional hearing The hearing was understandably full of the typical Washington, D.C. grandstanding, but the ultimate fallout from the GameStop fiasco could have … Hey everyone! Robinhood CEO defends actions in GameStop saga at hearing By MARCY GORDON and ALEX VEIGAAP Business WritersThe Associated PressWASHINGTON. The hearing focused almost solely on GameStop. The hearing focused almost solely on GameStop. Topline. The House Financial Services Committee will hold a hearing on Thursday to address the "recent market instability" around GameStop and other stocks targeted by Reddit traders. ... Gill earned a handsome profit and a legion of online followers for making the case for GameStop shares on Reddit … The GameStop drama “has put a maximum spotlight on institutional practices by Wall Street firms” and potential conflicts of interest, Rep. Maxine Waters, D-Calif., the head of the Financial Services Committee, said at the start of the hearing. Keith Gill, the Reddit user who was a proponent of GameStop stock, is known for wearing a red samurai-style headband while running his Roaring Kitty YouTube channel. The chief executives of Reddit, Robinhood, Citadel and Melvin Capital, along with the Reddit poster who spearheaded the GameStop buying frenzy, were all in attendance at the hearing … The hearing on how Reddit users banded together to squeeze hedge funds betting against GameStop and other companies will feature rare opportunities for … ... Gill earned a handsome profit and a legion of online followers for making the case for GameStop shares on Reddit … The GameStop drama “has put a maximum spotlight on institutional practices by Wall Street firms” and potential conflicts of interest, Rep. Maxine Waters, D-Calif., the head of the Financial Services Committee, said at the start of the hearing. Central figures in the GameStop stock market saga are set to testify before Congress next week, including the CEOs of Robinhood, Citadel, Melvin Capital and Reddit. Many of the small investors in GameStop gathered on Reddit… Keith Gill, who touted his GameStop investment for months on his Roaring Kitty YouTube channel and Reddit, insisted his position was solely based on … Gill and his fellow Reddit users flocked to the free online trading platform Robinhood to buy up GameStop stock before turning their sights onto other floundering companies favored by … Watch live coverage of a House Financial Services Committee hearing with the CEOs of Robinhood and Reddit. Washington, DC – Today, Rep. Ro Khanna (CA-17) issued the following statement ahead of the February 18th hearing on the GameStop/Reddit/Robinhood controversy before the House Committee on Financial Services: “From its inception, the purpose of the stock market was to create a mechanism for companies to raise funds that they could then invest in productive means. Gill's testimony won plaudits Thursday from WallStreetBets members on Reddit and the live-chatting service Discord. And Gill did manage to sneak a reference to one of the most popular GameStop memes into … That includes Rod Alzmann, on Reddit better known as Uberkikz11, who says he started buying into GameStop in 2017. Robinhood CEO defends actions in GameStop saga at hearing. And Gill did manage to sneak a reference to one of the most popular GameStop memes into the end of his prepared testimony, saying "In short, I like the stock." Robinhood CEO Defends Actions in GameStop Saga at Hearing ... Gill earned a handsome profit and a legion of online followers for making the case for GameStop shares on Reddit … AMC’s gains were relatively more restrained but it still hit a high of over $20 from a 52-week low of under 2 bucks. Robinhood CEO defends actions in GameStop saga at hearing. FEB. 18 POST-HEARING FACT SHEET reviewing the highlights of the hearing. Share: ... Gill earned a handsome profit and a legion of online followers for making the case for GameStop shares on Reddit … Keith Gill testifies during a virtual hearing on GameStop on Feb. 18, 2021. share. The GameStop (GME) saga is set to take another twist as a trader prepares to tell the American House of Representatives that social media has allowed retail traders to leveling the playing field with their bitter Wall Street rivals, a strategy that is also coming good for thousands of crypto investors in the locked-down world of the coronavirus pandemic. Robinhood CEO defends actions in GameStop saga at hearing FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, … California Congresswoman Maxine Waters is the committee chair for the hearing, which Robinhood CEO Vladimir Tenev and Reddit CEO Steve Huffman testifying on behalf of the GameStop … Robinhood and Reddit in the spotlight during GameStop congressional hearing By Matt Egan, Brian Fung and Clare Duffy, CNN Business Updated 5:51 p.m. On Thursday GameStop … Highlights from the Congressional hearing Steve Huffman, CEO of Reddit, conceded in questioning on Thursday that users on the forum responsible for the GameStop … Robinhood CEO defends actions in GameStop saga at hearing FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, … Steve Huffman, the CEO and co-founder of Reddit, testified that its WallStreetBets forum at the heart of the GameStop drama “is first and foremost a real community”. Posted by 2 months ago. Reddit, Robinhood and hedge fund CEOs testify at House hearing on GameStop saga. "It is tragic that some people lost money and my heart goes out to them," Gill said. Robinhood CEO defends actions in GameStop saga at hearing FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, … Robinhood, Citadel, Reddit Executives Testify at GameStop Hearing Photographer: Tiffany Hagler-Geard/Bloomberg Thu Feb 18 2021 17:00:00 GMT+0000 (Coordinated Universal Time) AMC’s gains were relatively more restrained but it still hit a high of over $20 from a 52-week low of under 2 bucks. Vlad Tenev, chief executive officer of Robinhood Markets, Inc., testifies during a virtual hearing on GameStop in Washington. ... Reddit, and Melvin Capital in a hearing focused on the GameStop … GameStop Corp. common stock started the year at $18.84; at the end of January it briefly traded as high as $483 because people on Reddit’s r/WallStreetBets forum bought a lot of it. Gill is also facing a proposed class action lawsuit, alleging that he manipulated the market for personal profit. Reddit chatter was alive in anticipation of the hearing. Several Popular Reddit Penny Stocks Jump As GameStop Hearing Begins. Close. The drama seemingly pitted everyday investors against Wall Street firms. GameStop Hearing, Part 1 Robinhood CEO Vlad Tenev, along with investment firm executives, testifIed before the House Financial Services Committee on GameStop… Robinhood CEO defends actions in GameStop saga at hearing By ... Gill earned a handsome profit and a legion of online followers for making the case for GameStop shares on Reddit … Robinhood, hedge fund chiefs face irate questions at GameStop hearing FILE PHOTO: GameStop logo is seen in front of displayed Reddit logo in this illustration taken February 2, 2021. Robinhood CEO defends actions in GameStop saga at hearing FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, … After GameStop, several other stocks like AMC also soared, mostly fueled by Reddit users. The House Financial Services Committee has scheduled a hearing into GameStop trading for Feb. 18. GameStop hearing testimony: Plotkin 'humbled', 'Kitty' bullish, Reddit says no bots -At the Open Feb. 18, 2021 8:52 AM ET GameStop Corp. (GME) By: Kim Khan , SA News Editor 26 Comments
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