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Congress hits Robinhood over lack of transparency around GameStop stock spikes – CNET

The US House Financial Services Committee holds a hearing over GameStop’s stock volatility, with Robinhood and others taking pointed questions about what happened….

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A congressional hearing will try to explain everything about the GameStop stock roller coaster. 
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GameStop’s stock price soared in late January as traders in the r/WallStreetBets Reddit community took on Wall Street investors who’d bet against the struggling video game retailer’s success. Soon, GameStop’s stock was reaching new all-time highs, jumping more than 2,600% from the beginning of the year, before crashing down. The market volatility caught the attention of Congress, which says…

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