The GameStop hearing certainly drew a lot of attention. Key players involved in the GameStop saga were in the hot seat on Thursday as lawmakers grilled the CEOs of hedge fund Melvin Capital Management, financial firm Citadel, and trading app Robinhood, as well as the retail ...Read More

Congress is holding a hearing this week to discuss the GameStop saga, in which an army of retail investors conspired on Reddit’s WallStreetBets channel to take on hedge funds that were betting against the video game retailer. Some say the viral sensation was little ...Read More

Things are starting to get real with the WallStreetBets Reddit day traders and hedge fund short sellers. The Wall Street Journal reported Wednesday that “Federal prosecutors and regulators are investigating whether market manipulation or other types of misconduct fueled the rapid rise last month ...Read More

Gazzilionaire Citadel hedge fund operator Ken Griffin has been summoned to Washington—and it’s not for a tour of the monuments. Griffin is anticipated to testify before Congress. He’ll be grilled on his firm’s involvement with the imbroglio of a Reddit social media mob of ...Read More

One of the biggest winners in the war between novice, aggressive day traders and savvy hedge funds isn’t a Wall Street player. Reddit itself made a killing in the wake of the social media buying frenzy of “meme stonks.” In a corporate blog post, ...Read More

NEW YORK (Reuters) – Months before the irrational trading in GameStop Corp, there was Hertz Global Holdings Inc. Operating under bankruptcy protection last spring once the COVID-19 pandemic wiped out its business, the car-rental giant confronted an extraordinary situation: Its stock price was skyrocketing ...Read More

Robinhood, the stock trading app marketed to novice investors as the democratization of Wall Street and leveling the playing field, is now the subject of dozens of lawsuits. Its ethos was to empower Gen-Z and Millennials to invest and trade stocks, as a means ...Read More