Robinhood, Reddit CEOs testify in GameStop hearing

Live: The House Finance Committee holds a hearing titled "Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide." Witnesses will include Robinhood CEO Vlad Tenev, Reddit Co-Founder and CEO Steve Huffman, Citadel CEO Kenneth C. Griffin, Melvin Capital CEO Gabriel Plotkin and investor Keith Gill. Gill is cited by many as a key influencer in the GameStop stock frenzy in January.

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

Watch full episodes of FBN Primetime shows

[jackbreese]

That figures the little beats out the rich and they get hauled in and investigated.
Wow!!

[tomstone]

Wins and losses are incorrect in this hearing? The question is, why are normies being punished for what the elite do all the time?

[brakeadam]

whan are we going to hold the politicians to this standard...

[trishhogan]

As soon as you see Mad Maxine you know it is going to be a clown show.

[abbynelson]

Wouldn't it be great if they actually had to answer the questions instead of giving everyone the run around and wasting more money with a hearing that doesn't get to the issues?

[lisetteunk]

Are you listening? Some of these people don't think the average person should even be allowed to trade stocks. They think they are smarter than you and you shouldn't be allowed to use your own money how you see fit. You need to be protected, not by corruption in the system, but from yourself.

[TrudopeJail]

When the chairperson of the finance committee is a crooked Democrat, you all know nothing will happen to the billionaires.

[knucklesyt]

They gambled and lost.... why is this news?

[leanorau]

I heard enough. Mr. Steve has spoken. Why are you not the chairperson? Very well delivered. Dems.should fear him if he choose to run for their seat.

[funstonking]

Now this is funny why it's all why its hurts them dont vote for them no more

[maderawoodworking]

The stock is still shorted over 100%. naked shorting is not allowed but obviously someone is double selling the stocks in their portfolio or selling something they bought without closing out their position.

They need to stop and everyone has to identify their stocks and how they are covering. The funds lend stock for a fee. How great to lend it out 3, 4, 5 times that no one ever notices. Except of course for ROARING KITTY and WSB!

[Salvic_Brotherhood]

This is the time where the financial sector and the economic sector needs to tread very carefully. If the objectives and goals of these 2 sectors are to crate laws regulations on amateur investors then it will only hurt your sector.

There is absolutely nothing wrong with the little guy trying to get a little piece of that pie called wealth.

[ghosttimer]

Anyone else notice how Melvin, Citidel, and robinhood all seem to be reading pre printed scripts.

[takeshikyasuto]

So How the Democtras wanting to put 0.1% of transaction Tax fee from the Government is a help for us the People ? What a Great Gov. Taking care of the Rich

[sunshinestacker]

I sold everything and Uninstalled robinhood I think everyone should do something because they will do it again in future

[lynnpalmquist]

Rep. Green's mask on while in a room alone is just 😳🤦🏻‍♀️

[cdavidson]

Democrats defending hedge funds and Robin hood and Ive only watched the opening statement so far

[brucelittle]

Waters integrity runs below sea level.

[jaclynmitchell]

If someone doesn't know that they can lose money when "playing" the stock market, they should stay away. Stop implying people are dumb and companies are responsible!!!

[comments.are.turned.off...]

Stealing from the rich to give to the poor...
That's NOT what we meant when we called it Robinhood!! LOL
DOH!!