Robinhood CEO, Reddit influencer grilled in US Congress over GameStop frenzy
By Abiodun Ogundairo
19 February 2021 |
3:20 pm
The CEO of Robinhood, a Reddit influencer and Wall Street hedge fund managers have all faced a grilling from US lawmakers over the recent frenzy around GameStop. The House Financial Services Committee asked six key witnesses whether the extreme volatility in the shares last month, which rose almost 2,000 percent in a short space of time, exposed questionable market practices and potential conflicts of interest. But first, Renault booked a net loss of €8 billion for 2020 as global car sales dropped by more than a fifth, although the situation recovered strongly in the second half of the year.
In this article
Related
Related
4 days ago
Chinese President Xi Jinping said the US and China should be "partners, not rivals," as a series of issues, including Chinese aid for Russia in its war against Ukraine, continue to separate the countries.
4 days ago
Earlier reports had suggested ByteDance planned to sell the app, without its powerful algorithm. Earlier this week, US President Biden signed a law that would effectively ban TikTok in the US if it is not sold.
1 day ago
Police say residential areas have been damaged in the US state of Nebraska, with several other states also impacted by tornadoes and cyclones.
1 day ago
Inter Milan celebrated their 20th Italian league title with an exuberant parade through the streets of Milan on Sunday.
19 hours ago
Former heavyweight champion Mike Tyson has revealed that he has made significant lifestyle changes to prepare for his fight against Jake Paul. Tyson, 57, revealed in interviews that he has abstained from smoking for six weeks and refrained from sexual activity.
9 hours ago
U.S. Soccer and the Mexican Football Federation (FMF) have withdrawn from the 2027 Women’s World Cup bidding process. The two federations were one of three finalists to host the competition but will now turn their attention to bidding for the 2031 edition.
Latest
2 hours ago
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
7 hours ago
The German economy has shown a marginal upturn in the first part of the year. The latest figures give some hope that Germany may be escaping the economic doldrums.
7 hours ago
Gwenn Dubourthoumieu began his professional life working for humanitarian NGOs in Africa. He soon developed a love for photography as he visited beautiful but often difficult places. He now considers himself a photographer activist. His latest project illustrates the state of the rainforest in DR Congo. He spoke to us in Perspective.
8 hours ago
US Entertainment giant Paramount Global announced on Monday that CEO Bob Bakish was stepping down. In this edition, we take a closer look at how the company's controlling shareholder, Shari Redstone, may have been behind this move and why the firm's value has plummeted 80 percent in the past eight years. Meanwhile in Argentina, President Javier Milei's second attempt at getting his economic overhaul package through parliament is facing fierce opposition.
8 hours ago
Satire website, 'The Babylon Bee,' posted a photo of Columbia University President, Minouche Shafik, 'accidentally' giving a Nazi salute during an antisemitism Congress hearing on April 17. We tell you more in this edition of Truth or Fake.
9 hours ago
Dozens are killed in Kenya after a dam collapsed near the town of Mai Maihu, triggering an emergency order for all reservoirs to be inspected within a day. Also, Darfuri activist Niemat Ahmadi urges the UN Security Council to act on the “worst humanitarian crisis in our lifetime” in Sudan. And we meet Dennis Ombachi, a Kenyan rugby player-turned-Tik Tok sensation thanks to his cooking skills.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.