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Vlad Tenev, chief executive officer and co-founder of Robinhood Markets Inc., speaks during a virtual House Financial Services Committee hearing Thursday. (Daniel Acker/Bloomberg)

Congress presses Robinhood CEO on company’s role in GameStop stock frenzy

The trading app’s chief executive and two hedge fund leaders are grilled by the House Financial Services Committee

February 18, 2021 at 7:32 p.m. EST
Robinhood, the trading app at the center of the retail trading frenzy that rocked the stock market last month, found itself on the defensive Thursday as lawmakers trained their focus on its business model and decision-making in the first congressional hearing examining those events.  

GameStop: What you need to know

The latest: The CEOs of Reddit, Citadel, Robinhood, Melvin Capital and the Reddit user who helped set off the GameStop stock frenzy testified before the House Financial Services Committee.

Read their testimony here: Reddit | Citadel | Robinhood | Melvin Capital | Keith Patrick Gill aka ‘Roaring Kitty’

FAQ: What you need to know about GameStop’s stock price chaos

Retail: GameStop is still struggling to stay afloat, despite record stock surge

Cashing in: A 10-year-old cashes in his GameStop shares

The meteoric rise of r/wallstreetbets: WallStreetBets, the Reddit forum at the center of the GameStop stock rally

AMC: AMC itself may have been bailed out by WallStreetBets

Reactions: Billionaire blasts ‘Robinhood market’ as Jon Stewart, others herald GameStop stock rebellion

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