Lawmakers to face off with GameStop saga's key players

Lawmakers to face off with GameStop saga's key players

3 years ago
Anonymous $K6XgmDN5_o

https://apnews.com/8e63284471f04fc348c511eed4be146b

WASHINGTON (AP) — The GameStop saga has been portrayed as a victory of the little guy over Wall Street giants but not everyone agrees, including some lawmakers in Washington.

GameStop shares soared 1,600% in January before falling back to earth. Entangled in the drama are massive short-selling hedge funds, a social media message board and ordinary investors wanting in on the hottest new trade, among others. The House Financial Services Committee is ready to dig into the confounding episode at a hearing on Thursday.

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