Key players in last month’s stock-trading frenzy involving GameStop and other companies will testify before Congress Thursday, including billionaire Citadel founder Ken Griffin and Robinhood CEO Vlad Tenev.
Other names appearing before the House Financial Services Committee on the matter include Reddit co-founder and CEO Steve Huffman, Melvin Capital founder Gabe Plotkin and Keith Gill, also known as “Roaring Kitty,” who set off the buying firestorm on Reddit and YouTube.
Last month, shares of GameStop and AMC multiplied in value as traders on the Reddit forum “WallStreetBets” pumped them, only for them to seesaw after trading app Robinhood blocked investors from being able to buy.
The company defended itself at the time, but could not quell outrage among users who have turned their short squeezing of big hedge funds and banks into a crusade, and those who were watching the madness unfold in the markets.
Robinhood’s handling of the event sparked bipartisan calls for a probe in Congress, from Rep.