Tyb
https://www.engadget.com/amp/robinhood-reddit-ceo-testify-house-gamestop-hearing-152845471.html
“ On February 18th, the House Financial Services Committee will hold a virtual hearing to look into how GameStop's shares shot up in value after a bunch of Reddit day traders banded together. Committee Chairwoman Maxine Waters has released the list of witnesses for the hearing, and it includes Robinhood CEO Vlad Tenev, Reddit CEO and co-founder Steve Huffman, as well as Redditor and YouTube streamer Keith Gill, who's also known as Roaring Kitty.
A New York Times report details how Gill played a central role in GameStop's sudden increase in market value. According to the report, he has been tweeting and making videos about the retailer throughout 2020 after making a $53,000 investment in the company. A number of Reddit traders who followed his videos and posts rallied behind him, causing a stock market frenzy that led to huge losses for the hedge funds that bet against the retailer and expected its stock price to tumble. As a result, Gill's original investment now has a value of $48 million.”
Cont’d