Reddit and Robinhood CEOs to attend virtual hearing on GameStop scandal


In addition to them, even a youtuber will attend the big dust-stirred stock market scandal.

Last month, quite a few internet users in the stock market caused quite a lot of chaos, when they launched a concerted attack on GameStop’s short sellers, which, for example, introduced various restrictions on the use of Robinhood, but practically only increased the outrage. And this week, the misfortune continues within the legal framework, and there are several well-known names among those invited as witnesses.

A virtual hearing on the GameStop scandal will take place on Thursday, February 18, to which, of course, several witnesses have been invited by the court. These include Reddit CEO and co-founder Steve Huffman, and Vlad Tenev, CEO of Robinhood, which has caused less popular anger. Moreover, even Keith Gill, better known as Roaring Kitty, who works as a youtubeer and reddit, will be present in principle.

According to a New York Times report, Gill played a central role in increasing the market value of GameStop, who invested $ 53,000 in the business. Several reddites traders have stepped behind it, and following the events of January, youtuber’s investment has reached $ 48 million. And Robinhood, meanwhile, has already received a class action lawsuit around its neck as it is accused of trying to manipulate the market by restricting users.

Otherwise, the hearing will be available live on YouTube:

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Source: PC World Online Hírek by pcworld.hu.

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