By PYMNTS. Keith Gill, known as DeepF---Value on WallStreetBets, was one of the people brought in to testify. The YouTube video was released shortly before the start of a five-hour congressional . The anonymity of Reddit’s users has led to speculation about who … Please remember that MarketMinder doesn’t make individual security recommendations. This piece will meander through the happenings in a Congressional committee hearing. Robinhood is about eight years old. The WallStreetBets community on … If you haven’t been following, WallStreetBets is a now-9 million-member subreddit accurately self-described as “Like 4chan found a bloomberg terminal.” While mainstream financial pundits dismissed them as nihilist maniacs, members like DeepFuckingValue identified an opportunity for a crowd-sourced short squeeze on GameStop stock. The House Financial Services Committee is convening a noon hearing … WallStreetBets shot to prominence at the beginning of this year when commenters encouraged a short squeeze that drove GameStop and a handful of other shares higher, inflicting heavy losses on hedge funds that had bet against the stocks. Please remember that MarketMinder doesn’t make individual security recommendations. Next Congressional Hearing Set For Robinhood-GameStop Debacle. At a congressional hearing last week, Huffman said he was proud of Reddit’s role in the frenzy that sent shares of GameStop Corp. GME, +3.70% and AMC Entertainment AMC, … top notch guava flavored mango eggplant. On February 18, a Congressional hearing with the House Financial Services Committee was held to discuss what went on with GameStop and the trading app Robinhood. Rounding out the witness list, Reddit CEO and co-founder Steve Huffman said WallStreetBets “may look sophomoric or chaotic from the outside, but the fact that we are here today means that it has managed to raise important issues about fairness and opportunity in our financial system. I’m proud they use Reddit to do so.” GameStop share price chart. History was made today when Reddit user DeepFuckingValue, who goes by Roaring Kitty on YouTube, opened his Congressional testimony in a hearing … He said WallStreetBets is a “real community” with real users. Share. Of course, as soon as we’re done covering the GameStop saga and are moving onto current issues like inflation and the pot stock crash, it’s back on … Calls for congressional hearings grow as Robinhood and other brokerages restrict GameStop trades. WallStreetBets founder Jaime Rogozinski discusses how retail investors can choose to play it safe by diversifying or take risks in ‘meme’ stocks like GameStop. It’s true that earnings reports have shown large companies holding on through the pandemic, and the combination of a big retail sales boost in January (thanks in part to $600 relief payments) and the expected $1.9 trillion Biden rescue plan has investors extremely optimistic. Along the way, it will discuss a few individual securities. While these questions will continue, the new GME share price rally shows that it … This 7 days, the massive Reddit inventory-investing community WallStreetBets structured to jack up the price of GameStop in a bid to screw in excess of hedge funders at Melvin Money and elsewhere that experienced taken massive short-seller positions on its stock. WallStreetBets sent the stock soaring from its $10 IPO price to as high as $35 in January. I even want to … Meanwhile, the adopted leader of the WallStreetBets movement, Keith Gill (known as RoaringKitty and DeepFuckingValue on different platforms), has become the subject of a lawsuit himself. The decision to hold a hearing comes after days of wild swings ... "It's time for the SEC and Congress … In January, grassroots investors on the reddit staged a massive buyout campaign, which led to a sharp rise in the share price and brought several large hedge funds to the brink of bankruptcy. More: GameStop Congressional hearing: Here’s … Robinhood CEO defends GameStop trading limits at congressional hearing » ... Gill’s testimony won plaudits Thursday from WallStreetBets members on … He explores: Why … The chief executive of Reddit was called to a congressional hearing into the frenzy.. We’re going to keep this one short and sweet: The GameStop-Robinhood-Congressional hearing is a load of BS. GameStop Congressional Hearings - Part 2. The "meme stock" saga that began with wild swings in the price of GameStop stock last month opened a new chapter today: a House Financial Services Committee hearing with questioning of players involved in major aspects of the story. Furthermore, Congress decided to get involved and have a hearing on Feb. 18, 2021, in order to check the ethicality of these hedge fund conglomerates and their practices. How to watch the Robinhood's congressional hearing? GameStop Hearing Today: Roaring Kitty, CEOs Appear Before Congress The House Financial Services Committee held a hearing where members probed major players in the GameStop and meme stock story. The biggest players involved in the GameStop frenzy face a congressional hearing Thursday. WallStreetBets’ “OG mods” have finally spoken. Wall Street managers have accused r/WallStreetBets, a Reddit community, or "subreddit," and others of what amounts to “market manipulation.” Meltem Demirors, Chief Strategy Officer at CoinShares , appeared set to grab the popcorn in anticipation of the hearing, calling the testimony “truly, a fine work of performance art,” and tweeting , Photo: Olivier Douliery/AFP (Getty Images) Congress will hold hearings on the GameStonks fiasco. Along the way, it will discuss a few individual securities. News. 62.7k. WallStreetBets ringleader Keith Gill answering questions from congress on … 63 50 50 47 4. I even want to … GameStop Hearing Today: Roaring Kitty Along With CEOs To Appear Before Congress GameStop store signage is seen on January 27, 2021 in New York City. ... fueled by Reddit's WallStreetBets message board, piled into the stock. Perhaps the best summary of … Some elected officials used the hearing to take shots at Wall Street honchos including Citadel CEO Kenneth Griffin. The WallStreetBets subreddit accused the app of market manipulation. Unfortunately, Palantir's impressive growth also appears to be slowing. WallStreetBets in Congress. Robinhood CEO Vlad Tenev has denied this picture of events, offering his own explanation at the congressional hearing. ... focus on its business model and decision-making in the first congressional hearing examining those events. Tags: AOC Congresional Hearing Congress Hearing r/WallStreetBets Robinhood Senate Sherrod Brown Stock Market Ted Cruz WallStreetBets. The decision to hold a hearing comes after days of wild swings ... "It's time for the SEC and Congress … But while WallStreetBets was looking … He specialises in exposing the misdeeds of Big Tech. WallStreetBets poster and GameStop trader Keith Gill, also known as Roaring Kitty, will also testify. 789 votes, 109 comments. The virtual hearing was titled “Game Stopped? This will be the first congressional hearing for Tenev, who turned 34 over the weekend. wallstreetbets [NEW YORK TIMES] In GameStop Saga, Robinhood Is Cast as the Villain. Ohio Democrat Brown, meanwhile, lamented Wall Street elites as a scourge on non-rich Americans and said he plans to hold a hearing on the matter. Calls for congressional hearings grow as Robinhood and other brokerages restrict GameStop trades. On February 18, a Congressional hearing with the House Financial Services Committee was held to discuss what went on with GameStop and the trading app Robinhood. He explores: Why … GameStop Hearing, Part 1 Robinhood CEO Vlad Tenev, along with investment firm executives, testifIed before the House Financial Services Committee on … However, there’s been speculation of conflict of interest. GameStop, AMC short sellers sit on nearly $1 billion loss. 9 Best Prop Bets On GameStop Congressional Hearing: Stonks, WallStreetBets, Elon Musk And More This piece will meander through the happenings in a Congressional committee hearing. I’m sure it’ll be on CSPAN and probably streamed by the house … Rep. Maxine Waters from California, who is the committee chair, said hedge funds have a … The U.S. House Financial Services Committee will hold a hearing today to investigate the main participants in last month’s widely publicized short squeeze of GameStop (GME) stock. The U.S. House Committee on Financial Services hearing will investigate issues around the recent trading surge for shares of GameStop and other companies. Congress will keep hearings on the GameStonks fiasco. WallStreetBets posters are buzzing about these eight Reddit stocks. Lawmakers at a congressional hearing kept coming back to the chief of the stock-trading app with pointed questions and a key argument: “Something very wrong happened here.” – chatter @ #wallstreetbets In the aftermath of the GameStop short squeeze, Rep. Maxine Waters (D-CA), the chairwoman of the House Financial Services Committee, says that Congress has concerns about the use of social media in financial trades and that it intends to investigate the amateur investors on Reddit's WallStreetBets community. Robinhood CEO Vlad Tenev has denied the allegations, offering his own explanation at the congressional hearing. "The market volatility surrounding GameStop has highlighted how many people feel that the cards are stacked against them," said Committee … The hearing offers Robinhood a chance to cool down customers’ conspiracy theories about why it restricted trading on stocks such as GameStop and cinema operator AMC, right at the peak of the frenzy. By Jason Lange WASHINGTON (Reuters) - U.S. factories ramped up activity in September, shaking off a one-month contraction in a sign America was resisting the downward pull of … ... Users of WallStreetBets were said to have played a … 12.7k votes, 73.6k comments. Robinhood CEO Vlad Tenev has denied the allegations, offering his own explanation at the congressional hearing. Ad-supported streaming steals the show at TV upfronts. Share There was a rowdy hearing on the scandalous GameStop stock story at the Capitol.
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