Page 72 - Gabe Plotkin News Today

Short selling was under the microscope on Thursday as a U.S. House committee grilled executives from trading app Robinhood and hedge funds Melvin Capital and Citadel over the GameStop Corp trading frenzy, with some calling for change.

A high-profile hearing criticized Robinhood’s business model.

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“I’m not a cat”. If there are aliens on Mars, I think this would be a suitable gambit to commence our inter-planetary communication. Yesterday we reached a moment of meme perfection when Keith Gill, aka Roaring Kitty, aka DPV (look it up), told the House Financial Services Committee that he is no feline. He also stressed he is not […]

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5 Min Read WASHINGTON/BOSTON/NEW YORK (Reuters) - Tension, irate questions, people talking over one another, and a cat photo. Thursday’s five-plus hour U.S. congressional hearing on GameStop had all of that, as top hedge fund managers, the head of Robinhood, and Roaring Kitty himself answered a barrage of questions over who was at fault in January’s trading frenzy. GameStop rose more than 1,000% during two weeks as retail traders using the Reddit platform encouraged each other to pile in, s...

Wild swings in GameStop shares have put a spotlight on Wall Street and “the predatory ways” of some hedge funds, the chair of the US House of Representatives Financial Services Committee Maxine Waters said at a hearing into the share trading frenzy.

RiverNorthPhotography/iStock By CATHERINE THORBECKE, ABC News (WASHINGTON) — Lawmakers are set to grill chief executives and a Reddit user who goes by the moniker “DeepF***ingValue” during a hearing Thursday that aims to unearth more about the GameStop stock market mania that sent Wall Street reeling late last month. The House Financial Services Committee summoned some of the key players in the saga to testify, including Robinhood CEO Vlad Tenev, Reddit CEO Steve Huffman, Citadel LLC CEO ...

Hedge Fund and Insider Trading News: Bill Ackman, Ken Griffin, Ray Dalio, Leon Cooperman, Fiserv Inc (FISV), Bumble Inc (BMBL), and More Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin Capital last month amid the height of the GameStop mania. “No, I think Gabe Plotkin is one of the finest investors of his generation,” Griffin told CNBC’s Andrew Ross Sorkin on “Squawk Box.” The comment was in response to a question from Sorkin about whether Griffin�...

Robinhood CEO’s Five-Hour Ordeal Is Capped by Ocasio-Cortez Duel Bloomberg 2/19/2021 (Bloomberg) -- For Vlad Tenev, the end couldn’t come soon enough. The House Financial Services Committee may have summoned the main actors in last month’s meme-stock frenzy for a hearing, but in reality their attention was centered on the Robinhood Markets chief executive officer and his brokerage’s starring role in the saga. Wearing a dark suit and tie, Tenev sat through more than five hours of testi...