The Financial Services Committee will discuss the market along with the involvement of hedge funds in recent volatility

The US. The House of Representatives has set a date for the Financial Services Committee meeting to discuss recent market volatility that has centered on GameStop (GME) stocks

Reported by Reuters on Jan. February 2021, the US. The House Financial Services Committee has stated that on Jan. February 2021 will hold a hearing on recent volatility in equity markets This announcement follows the report that the US. House was planning a hearing on these subjects

In recent times, numerous stocks with a particular focus on GameStop have shifted dramatically. After falling to $ 2 per share last summer, GameStop (GME) stock rose on Dec. January to 60 USD, on 25 January to 150 USD, on 28 To a high of $ 469 on January 1 and February to around 225 USD

That brief press resulted in popular Robinhood trading platform restricting purchases of the stock, which was quickly followed by a bomb attack.It was announced today that Robinhood has raised an additional $ 2 billion from investors to help ease GameStop’s trading volatility ( GME) to balance

All of these movements have resulted in multiple US Representatives to declare that a discussion needs to be had about this situation California Democratic Representative Maxine Waters had this to say:

We need to address the hedge funds whose unethical behavior directly led to the recent market volatility, and we need to examine the market in general and examine how it has been manipulated by hedge funds and their financial partners to take advantage of themselves while others pay the price

The story gets stranger and weirder when Netflix signs a deal for Noah Centineo to star in a GameStop movie about the short press

Be sure to keep it closed to Shacknews as we continue to cover this story as it unfolds February after the US. Hearing of the House of Representatives

Sam Chandler is from the land down under and brings a bit of southern hemisphere flair to his work. After attending a few universities, earning a bachelor’s degree and entering the video game industry, he has his new family here at Shacknews as Guides Editor Found There is nothing he loves more than creating a guide to help someone.If you need help with a guide or notice something that is not quite right, you can tweet it: @SamuelChandler

Sam Chandler published a new article, US. House is expected to hear about market volatility following the performance of GameStop (GME) shares

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Source: https://www.shacknews.com/article/122514/us-house-to-have-hearing-over-market-volatility-following-gamestop-gme-stock-performance