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Mainers involved in the GameStop trading frenzy weigh in on Robinhood lawsuit It s a David and Goliath story, with each blaming the other for manipulating the stock market, as Congress and the Justice Department investigate. Author: Cindy Williams (NEWS CENTER Maine) Published: 6:29 PM EST February 18, 2021 Updated: 6:29 PM EST February 18, 2021 MAINE, USA In Washington Thursday, the House Committee on Financial Services heard testimony on what happens when short-sellers, social media, and retail investors collide as they did on January 28. That is the day trading platforms, such as Robinhood, stopped retail investors from being able to buy shares of GameStop, AMC, and other volatile companies that some big investment firms were betting would fail, using a move called shorting the stock.

United statesGabriel plotkinDanielle perreaultRobin hoodHouse committee on financial servicesJustice departmentWashington thursdayHouse committeeFinancial servicesPessah lawMelvin capital managementMelvin capitalElon muskCongress thursdayVlad tenevChief executive officer