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CEOs of Reddit and Robinhood and ‘Roaring Kitty’ slated to testify in GameStop hearing

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Ramon Delo
Feb 13, 2021 12:42
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In this photo illustration a GameStop logo is seen on a mobile phone screen in front of Reddit logo.
Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Reddit CEO Steve Huffman, Robinhood co-CEO Vlad Tenev, and Keith Gill (aka Roaring Kitty) are all on the witness list for an upcoming hearing before the House Financial Services Committee, according to a release from Chairwoman Maxine Waters (D-CA). The hearing, to be conducted virtually, will probe the recent volatility in shares of GameStop following a rally fueled by a group of day traders active on the r/WallStreetBets Reddit board.

Over a two-week period that began last month, GameStop’s stock (GME) skyrocketed by 500 percent, hitting a high of $483 on January 28th. Several government entities are now looking into whether there was market manipulation involved, and whether Robinhood and other brokerages that temporarily restricted...

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Ramon Delo
Feb 13, 2021 12:42
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