Page 73 - Gabe Plotkin News Today

Robinhood Markets and Citadel used its congressional testimony to push back against conspiracy theories about how it handled the GameStop saga.

On Thursday, a Congressional committee will attempt to sort through the stock market drama surrounding Reddit’s WallStreetBets, the trading app ...

Ken Griffin and They say the current system added to the GameStop chaos at the end of January. Citadel Securities boss Ken Griffin and Robinhood chief Vlad Tenev will both call for a reduction in the time it takes to settle stock trades when they testify to Congress on Thursday over the GameStop saga. Griffin, whose market-making firm was on the other side of millions of GameStop trades, wants the settlement time to be cut to one day. Tenev will repeat his calls for the system to be instantan...

REUTERS/Lucy Nicholson This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Thursdays hearing on GameStops market frenzy will be a rare time when hedge funds biggest names speak publicly. Citadel founder Ken Griffin and Melvin Capital founder Gabe Plotkin are both slated to testify. In a rare twist, a major hedge fund founder, Plotkin, was hurt by the market moves.  The men — and...

Lawmakers grill key players in GameStop stock market saga How did the GameStop stock spike on Wall Street happen? Replay Video UP NEXT Lawmakers grilled chief executives and a Reddit user who goes by the moniker "DeepF---ingValue" during a hearing Thursday that aimed 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 T...

Melvin Capital founder Gabe Plotkin made the disturbing claim in prepared testimony he plans to deliver at Thursday’s House Financial Services Committee hearing on the recent populist revolut…

Robinhood CEO Vlad Tenev said the brokerage halted trades to meet demands from its clearinghouse -- not to protect hedge funds from retail investors rallying each other on Reddit.

House Democrats sparred with the leaders of Robinhood Markets and Citadel Thursday, with lawmakers pressing the firms on whether they’re profiting at the expense of retail investors and complaining that they got few satisfying answers.

Good morning and welcome to Insider Finance. Im Dan DeFrancesco, and heres whats on the agenda today: Inside the world of Cathie Wood, the founder of ARK

He said Reddit found absolutely no signs WallStreetBets was manipulated in any meaningful way. Melvin Capital Management founder and CIO Gabe Plotkin said his firm was targeted by WallStreetBets in part due to anti-Semitism. He added that Melvin never opens naked short positions in stocks, and the majority of the funds investments are long positions. Plotkin, who has shorted Tesla Inc (NASDAQ: TSLA) in the past, would not speculate as to whether Tesla CEO Elon Musk’s Jan. 26 tweet reading �...