Page 71 - Gabe Plotkin News Today

Your weekly recap/outlook The CEO of Robinhood, a hedge fund manager who lost 53% in January, a day-trader who made $48 million on GameStop, and Ken Griffin walk into a bar... No, this is not the beginning of a bad finance joke. Its the actual collection of individuals grilled by Congress on Thursday in a high-profile display of political theater the stock market has rarely experienced before. Gabe Plotkin — the famed hedge funder who took home $846 million in 2020, then took a massive bath o...

Gabe Plotkin, the head of one of the hedge funds that bet on the demise of GameStop, testified before the House Financial Services Committee

Robinhood Markets Inc. Chief Executive Officer Vlad Tenev offered an apology for the company's decision to temporarily curb trading in some stocks, including GameStop Corp., on Jan. 28 amid extraordinary volatility.

Robinhood CEO Vlad Tenev said the assets of his platforms users have collectively grown by more than $35 billion. Tenev was challenged on this point by lawmakers,

Gabe Plotkin, head of one of the hedge funds that bet on demise of video game store, testifies before Congress on event that sent Wall Street reeling

Congress' hearing on GameStop's stock-bubble fiasco primarily focused on grilling the head of Robinhood, and technical errors were common.

The attention of Wall Street turned to Capitol Hill as various parties involved in the infamous GameStop short-squeeze testified for the House Financial Services Committee.

Muted Hearing, a Volume on Trading Volume, Yellen Speaks, Sizing Up Palantir Plus, a hat tip to Nvidia and CEO Jensen Huang for the companys new cryptocurrency mining processors. I Dont Know You gotta believe in foolish miracles Its not how you play the game, its if you win or lose You can choose - Ozzy Osbourse, Randy Rhoads, Bob Daisley (1980) What I Dont Know.... ... is why nearly every financial media outlet thought it necessary to cover Thursdays virtual House Financial Services Co...

At a closely watched Financial Services Committee hearing sparked by the frenzied trading in GameStop stock, Robinhood’s Vlad Tenev and Citadel’s Ken Griffin took fire on issues ranging from trading halts provoked by capital shortfalls to whether “free trades” are really free. While both were adamant that their businesses have helped small-time investors gain access to markets that have long been the domain of Wall Street, lawmakers were frequently dubious of the chief executives’ oft...

Congress' hearing on GameStop's stock-bubble fiasco primarily focused on grilling the head of Robinhood, and technical errors were common.