The News Of Tomorrow, Today
The News Of Tomorrow, Today
Financial Markets
Those of us who sat through yesterday’s five-and-a-half-hour U.S. House Committee on Financial Services hearing on the GameStop short squeeze had maybe, foolishly, hoped against hope to see some cold hard accountability. We came to hear Robinhood’s CEO explain why, at the peak of the GameStop run, the trading app…
The U.S. House Financial Services Committee will hold a virtual hearing on February 19 as part of its investigation into the coordinated effort by Reddit’s stock-trading community to drive up the price of GameStop stocks as a big middle finger to hedge fund managers.
The U.S. Securities and Exchange Commission broke its silence Friday morning on the populist investor uprising that has sent the stock price of beleaguered retailer GameStop “to the moon,” warning everyone involved that they are watching… and, for the time being, not doing a whole lot else, it seems.
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