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GameStop investors still await riches from epic short squeeze

Short-seller theories that helped drive company’s 2021 rally have gained a large following online

Opinion | Hedge funds and media lie to suppress individual investors

Since Feb. 19, the U.S. House of Representatives has begun its hearing to discuss the recent drastic changes in the market revolving around GameStop stock. CEOs of Reddit, the CEO of Robinhood and owners of hedge funds Citadel and Melvin Capital are some of those who have testified or are testifying at this hearing. The hearing aims to investigate market manipulation, and there should be heavy pressure on hedge funds for their role in not just in the initial GME short selling but what happened afterward as well.  The situation with GME’s surge in late January was being planned as far back as September, 2020. Users on the subreddit r/Wallstreetbets found out that Citadel, a major hedge fund, had short positions in GameStop stock. “You know citadel, the MM that took all our money today?” an r/Wallstreetbets user said back in September while laying out plans and predictions for the short squeeze. “Well now we finally won’t be at the mercy of the MMs.” 

Klassenkampf um Gamestop: So zwingen die Reddit-Nutzer das Grosskapital in die Knie

Hillicon Valley: Intelligence agency gathers US smartphone location data without warrants, memo says | Democrats seek answers on impact of Russian hack on DOJ, courts | Airbnb offers Biden administration help with vaccine distribution

© Getty Welcome to Hillicon Valley, The Hill's newsletter detailing all you need to know about the tech and cyber news from Capitol Hill to Silicon Valley. If you don’t already, be sure to sign up for our newsletter with this . Welcome! Follow our cyber reporter, Maggie Miller (@magmill95), and tech team, Chris Mills Rodrigo (@chrisismills) and Rebecca Klar (@rebeccaklar_), for more coverage. THE GOVERNMENT IS WATCHING: Analysts at the Defense Intelligence Agency (DIA) have purchased databases of U.S. smartphone location data in recent years without a warrant, agency officials wrote in a memo to a top Senate Democrat.