At a grilling by lawmakers over the frenzied trading in retailer GameStop, Keith Gill, a YouTube streamer known as Roaring Kitty, hedge fund managers and the head of Robinhood and Reddit defended their actions.
Hedge fund Melvin Capital Management on Tuesday disclosed it had raised the put option on Class A shares of U.S. video game chain GameStop Corp to 6 million shares for the quarter ended Dec. 31, from 5.4 million shares in the past quarter.
Hedge fund Melvin Capital Management on Tuesday disclosed it had raised the put option on Class A shares of U.S. video game chain GameStop Corp to 6 million shares for the quarter ended Dec. 31, from 5.4 million shares in the past quarter.
The social media persona "Roaring Kitty", who became a key player in last month's frenzied rally in shares of GameStop Corp, is facing a lawsuit alleging he violated securities laws and caused "huge losses" for investors, just a day before he is set to testify before U.S.
Wall Street hedge fund managers, the chief executives of Robinhood and Reddit and a YouTube streamer known as Roaring Kitty on Wednesday defended their roles in GameStop's Reddit-fueled stock rally before they face a grilling by lawmakers.