Yesterday's Reddit hearingin Congress brought together some of the power playersbehind the...
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Yesterday's Reddit hearing
in Congress brought together some of the power players
behind the January trading frenzy. Representative Maxine Waters did
say there will be additional hearings... What you got here involves people
named DFV and Roaring Kitty, ultimately... ...two more to follow to find
more answers, one market expert... Whether it's markets
or social media, I'll just call it media because it is now. Do you think any new regulation gets done? What's clear is that
we're in the Wild West and that there is so much activity
that's going on, on these online forums. And we've seen in the last month
and the last six weeks how much force day traders en masse can bring
to the market and actually affect it. They used to just make some noise
around the edges. Now they can actually move markets,
move securities
in Congress brought together some of the power players
behind the January trading frenzy. Representative Maxine Waters did
say there will be additional hearings... What you got here involves people
named DFV and Roaring Kitty, ultimately... ...two more to follow to find
more answers, one market expert... Whether it's markets
or social media, I'll just call it media because it is now. Do you think any new regulation gets done? What's clear is that
we're in the Wild West and that there is so much activity
that's going on, on these online forums. And we've seen in the last month
and the last six weeks how much force day traders en masse can bring
to the market and actually affect it. They used to just make some noise
around the edges. Now they can actually move markets,
move securities
Full Transcript
00:00:01.000 --> 00:00:03.878
Yesterday's Reddit hearing
in Congress brought together
00:00:03.878 --> 00:00:06.255
some of the power players
behind the January trading frenzy.
00:00:06.255 --> 00:00:09.508
Representative Maxine Waters did
say there will be additional hearings...
00:00:09.508 --> 00:00:12.072
What you got here involves people
named DFV and Roaring Kitty, ultimately...
00:00:12.072 --> 00:00:15.765
...two more to follow to find
more answers, one market expert...
00:00:15.765 --> 00:00:17.558
Whether it's markets
or social media,
00:00:17.558 --> 00:00:19.351
I'll just call it media because it is now.
00:00:19.351 --> 00:00:21.027
Do you think any new regulation gets done?
00:00:21.027 --> 00:00:23.439
What's clear is that
we're in the Wild West
00:00:23.439 --> 00:00:26.609
and that there is so much activity
that's going on, on these online forums.
00:00:26.609 --> 00:00:29.904
And we've seen in the last month
and the last six weeks how much force
00:00:29.904 --> 00:00:33.532
day traders en masse can bring
to the market and actually affect it.
00:00:33.532 --> 00:00:35.576
They used to just make some noise
around the edges.
00:00:35.576 --> 00:00:38.037
Now they can actually move markets,
move securities.
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Movie Summary
David vs. Goliath tale about everyday people who flipped the script on Wall Street and got rich by turning GameStop (the video-game store) into the world's hottest company.
