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How to watch Thursday's congressional hearing on GameStop and Robinhood
15 days ago - By Business Insider
Jeff Roberson/AP
The House Committee on Financial Services called the virtual hearing on recent market volatility.
The hearing will include CEOs from Robinhood, Citadel, Melvin Capital Management, and Reddit.
Keith Gill, an armature investor also known as u/DeepFuckingValue and Roaring Kitty, is also due to testify.
Visit the Business section of Insider for more stories .
Chief executives from Robinhood, Citadel, Melvin Capital Management, and Reddit are expected to testify before Congress on Thursday about the market volatility unleashed last month when retail investors banded together to...
Read more ...Robinhood's idea to rewire the financial system in the wake of the GameStop mania is a nonsensical disaster
15 days ago - By Business Insider
Evan Agostini/AP
Robinhood CEO Vlad Tenev is set to face Congress to answer questions about the recent GameStop mania.
But Ronbinhood's plan to fix the issues that sprung up during the Reddit-fueled frenzy makes no sense.
Tenev's same-day settlement idea would make the financial system worse and still disadvantage regular traders.
Alex Yablon is a Brooklyn-based journalist who writes about politics and policy.
This is an opinion column. The thoughts expressed are those of the author.
Visit the Business section of Insider for more stories .
Vlad Tenev, co-founder and CEO of online retail...
Read more ...
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