Friday, June 25, 2021

Rep. Maxine Waters wants Redditor Keith Gill behind GameStop frenzy to testify at hearing

Must Read

Astım Tedavisinde Ailelerin Kortizon Korkusu

Baharın gelmesiyle birlikte parfüm kullanımında artış görülüyor. Ancak astım hastalarının dikkatli olmalarında fayda var; çünkü parfümlerin çoğu güvenli...

Alerjik Hastalıklara Kesin Çözüm

Kortizon deyince tedavisinden ziyade yan etkileri akla geliyor. Ancak alerjik bronşit ya da diğer adıyla astım ataklarının önlenmesinde...

Alerjik Hastalıklara Kesin Çözüm

Alerji; insanın savunma sisteminin genellikle zararsız maddelere karşı verdiği abartılı tepkidir ve genellikle çocukluk çağında başlayarak uzun yıllar, hatta...
- Advertisement -

More On:

gamestop

Watch Robinhood’s awkward Super Bowl 2021 ad amid stocks backlash

Woman named Hedges-Stocks had wild ride on social media amid GameStop frenzy

How one man turned his stimulus check into $36,000 thanks to GameStop

Reddit trader behind GameStop rally says he lost $13M in one day

- Advertisement -

Roaring Kitty might be going to Congress.

US Rep. Maxine Waters wants Keith Gill — the Reddit user who helped ignite GameStop’s unprecedented stock rally — to testify at a congressional hearing about the recent retail investor revolution.

The House Financial Services Committee chair said she has Gill on her list of potential witnesses along with executives from GameStop, Reddit and Robinhood, the investment app that drew fire last week for temporarily blocking trades of stocks that rookie traders popularized on social media.

“We are going to have all the players,” Waters, a California Democrat, told the Cheddar news network Wednesday. “We’ll have the young man there from Reddit who — his name is Keith Gill — who basically started this mania. We will hopefully have some hedge fund representation there.”

“They have not confirmed all of my list yet, but I want him,” Waters added.

Waters did not say what she wants to ask Gill at her panel’s virtual hearing on the GameStop saga, which is scheduled for Feb. 18.

The congresswoman did indicate that she’d grill Robinhood CEO Vlad Tenev about his company’s decision to limit trading on certain stocks, which sparked bipartisan outrage last week.

Reddit user Roaring Kitty,’ whose real name is Keith Gill, seen outside his home on January 29, 2021.Elder Ordonez / SplashNews.com

The House panel also plans to probe the practice of short selling, in which investors try to profit on bets that a company’s stock price will fall, according to Waters.

“I think there’s resentment against short selling, I think there’s resentment against hedge funds being able to borrow and to drive down the price of stock,” Waters told Cheddar. “And so I think that, you know, that that will be looked at, as well as Robinhod will be looked at.”

see also

House and Senate announce hearings over GameStop trading saga

WASHINGTON — Both chambers of Congress will have hearings into…

Known as “DeepF—ingValue” on Reddit and “Roaring Kitty” on YouTube, Gill, 34, has become a figurehead of the populist investor revolt that drove GameStop’s share price to staggering heights last week.

The Massachusetts man is a celebrity on Reddit’s WallStreetBets forum, which has pumped up GameStop and other beaten-down stocks. And the YouTube channel where he outlined how heavily Wall Street had bet against the video-game retailer has 365,000 subscribers.

Gill claims he’s racked up a $7.8 million gain on his GameStop bet, which reportedly started with a $53,000 investment he made in 2019, despite a crash in the company’s share price this week.

Gill did not immediately respond to a message sent to his Reddit account Thursday morning.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Astım Tedavisinde Ailelerin Kortizon Korkusu

Baharın gelmesiyle birlikte parfüm kullanımında artış görülüyor. Ancak astım hastalarının dikkatli olmalarında fayda var; çünkü parfümlerin çoğu güvenli...

More Articles Like This