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The first Committee hearing on Gamestop (NYSE:GME) included representatives from the principles involved in the short squeeze enacted by investors communicating on Reddit – mainly on a subreddit entitled Wallstreetbets.
The second took place last month and heard testimony from academicians, special interest groups, a former SEC Commissioner, and a Fintech entrepreneur.
The list of participants at the hearing has yet to be released but should be available in the days before the scheduled meeting.
Congresswoman Maxine Waters, the Chairwoman of the Committee, has said in the past that these hearings are information gathering exercises and it is not a foregone conclusion that legislation will emerge following the hearings.
Meanwhile, GameStop is well off its 52-week high but still trades considerably higher than 12 months ago – prior to the Redditers targeting the hedge funds that were shorting shares of GME.
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