Robinhood Feels Vindicated
The article discusses the testimony of leaders of Robinhood, Melvin Capital, Reddit and Citadel given before the U.S. House Financial Services Committee on February 18, 2021.
Mike comments "Doesn’t seem like the GameStop affair is likely to generate charges, legislation or significant new regulation. But it HAS kind of changed the nature of Wall Street. Retail investors should no longer be referred to as 'dumb money' because they are revolutionizing the market. A perfect example is GameStop as retail investors executed a sophisticated short squeeze."