News | Media . Executives from Reddit, Robinhood, Melvin Capital and other firms spoke at the hearing. Related Link: Congressional Hearing On GameStop Ahead: What Investors Need To Know WallStreetBets poster and GameStop trader Keith Gill, also known as Roaring Kitty, will also testify. Tom Nash Published at : 20 Feb 2021 . Opening the floor to critical engagement, he said: “I’m also hoping you can … many of these proposals are solutions in search ofof a problem. Listen on the go! Summary List PlacementRobinhood CEO Vladimir Tenev said Thursday the trading platform does not monitor social media discussions on stocks, despite the GameStop rally that gained traction on Reddit. Gamestop has 12,000 employees at their 1 location and $5.09 B in annual revenue in FY 2020. The amount of research he had carried out was evident when he said: “I could talk about it for weeks”. mr. cook if congress was to ban payment to order flow what effect … The House held its GameStop hearing, Texans lost power, NASA’s Mars Rover landed, and Ted Cruz went to Cancun. And now Reddit, Discord, and other platforms are censoring these retail day traders!! Subscribe to Tom Nash . BETTER MARKETS - Posted a summary on May 17 about the 3rd GameStop hearing. The hearing, to be conducted virtually, will probe the recent volatility in shares of GameStop following a rally fueled by a group of day traders active on the r/WallStreetBets Reddit board. Thursday’s hearing may yield more details about what transpired inside the companies so closely tied to the GameStop rally, but it is … Share this & earn $10. The rover started beaming … As we write, the story is far from over, with several U.S. stocks—like GameStop, AMC Entertainment and Express—still on something of a wild ride. A House Financial Services Committee hearing about the GameStop trading frenzy, scheduled for Feb. 18, will shine a light on the extant secular trends that allowed the capital markets to become farcical caricatures of themselves. Over a two-week period that began last month, GameStop’s stock (GME) skyrocketed by 500 percent, hitting a high of $483 on January 28th. February 18th, 2021, 10:19 AM GMT+0000. On May 6, 2021, the Securities and Exchange Commission (“SEC”) Chairman,Gary Gensler, appeared before the House Financial Services … But these days, GameStop is also an inkblot. GameStop hearing … (AP Photo/John Minchillo, File) Keith “I’m Not Selling” Gill, aka DeepFuckingValue, aka Roaring Kitty, is facing a class action lawsuit for securities fraud over his role in the GameStop short squeeze. i stated in the first hearing on gamestop and therefore it's gunfortunate some of my colleagues are using this issued a call for a laundry list of new regulations but beyond calling for new regulations they are proposing them in this hearing. What Vlad JUST Said About GameStop | Summary and Reaction. "We simply don't have the data that the social media platforms have at their disposal to tie these posts to identities," Tenev said during a Congressional hearing on January's GameStop … He acknowledged his weaknesses “Some people won’t even tune into the stream right now when they hear that I’m bullish on GameStop”. GameStop Hearing Gathers Citadel, Robinhood Execs on Markets. The video ‘summary’ itself is more than one hour long. What happened last week? 37081 views . Tension, irate questions, people talking over one another, and a cat photo. 41 . The suit is alleging that KG/RK/DFV misrepresented himself as an amateur investor to artificially inflate the GameStop stock price. Here’s a summary of what they had to say. In preparation for the hearings, all the parties who will be testifying have released prepared remarks. This hearing was the the first of what will be three Congressional hearings on what happened with GameStop's stocks in January. This can only cause more people to wake up to the … Click HERE to find out ⭐ Gamestop - Robinhood Testimony Out as House Committee on Financial Services Preps for First of Three Hearings. SkyBridge Capital’s Anthony Scaramucci said Wednesday that retail investor-led stock surges for video gaming firm GameStop suggest bitcoin will … Summary U.S. equity markets were broadly lower Thursday following a downbeat slate of economic data while all eyes were on a fiery Congressional hearing related to last month's short squeeze frenzy. GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. The chief executive of the online brokerage firm Robinhood, Vlad Tenev, faced anger from members of Congress from the opening moments of the House Financial Services Committee hearing on GameStop… Oil Squeeze, Jobless Claims, GameStop Hearing - What's up in Markets Mission control hosted a live broadcast during the landing. GameStop Congressional Hearing: Robinhood, Citadel Deny Collusion In Prepared Remarks Wayne Duggan 1 day ago Fire breaks out in Texas hotel as … Full story: Executives testify at GameStop hearing; Updated . February 21, 2021 ; Fresh news now 0 Summary List Placement. But, even if one takes a broad perspective, the recent experience with GameStop is extraordinary. NASA’s Perseverance rover landed safely on Mars last week. GameStop, Bitcoin are hot topics at SEC confirmation hearing. Sen. Sherrod Brown, D-Ohio, the incoming chairman of the Senate Banking Committee, said Thursday that he planned to call a hearing on the "current state of the stock market." WallStreetBets poster and GameStop trader Keith Gill, also known as Roaring Kitty, will also testify. Declining for the third-straight day, the S&P 500 finished lower by 0.4% today while the Dow Jones Industrial Average slipped 120 points. See insights on Gamestop including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Summary: The GameStop saga is not over yet folks. And, members of Congress are planning to hold hearings… By Tom Hals (Reuters) - The social media persona "Roaring Kitty", who became a key player in last month's frenzied rally in shares of GameStop Corp (NYSE: GME), is facing a … GameStop is a company that owns stores, many based in malls, that sell video games, consoles, peripherals and assorted knickknacks and merchandise. A quick summary--a bunch of Reddit users found that a hedge fund took a YUUGE short position in GameStop and decided to collectively f*** the short-sellers. "We're still learning things new about what went on every single day... [T]he financial markets can move quickly," Andy Green, senior fellow … Sen. Elizabeth Warren, D-Mass., on Wednesday called on market regulators to clamp down. In preparation for the hearings, all the … Highlights of the Third GameStop Hearing: SEC Chairman Gary GenslerIn His Own Words on Four Key Policy Issues May 17, 2021. The House Financial Services Committee is ready to dig into the confounding episode at a hearing on Thursday, Feb. 18. Robinhood, Reddit On Defense: Robinhood … A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. 2588 . Dr. Parik’s Diagnosis: … The GameStop saga has been portrayed as a victory of the little guy over Wall Street giants but not everyone agrees, including some lawmakers in Washington. The Securities and Exchange Commission seems poised to investigate. 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