ROBINHOOD CEO TESTIFIES ON GAMESTOP TRADING: CEO and co-founder of Reddit Steve Huffman and CEO of Robinhood Vlad Tenev are among those testifying before the House Financial Services Committee to discuss the GameStop stock, traders on Reddit, and the public’s access to the stock market.
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After GameStop stock skyrocketed thanks to a group of traders communicating on r/wallstreetbets on Reddit, multiple financial services companies and stock trading apps blocked their users from investing in the company or restricted investment limits—despite those on Wall Street being able to trade freely.
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