7:42
- ABC News
- February 25, 2021
GameStop stock surges again
The stock touted by r/wallstreetbets climbed more than 18% Thursday.
The initial GameStop saga in late January, which is already being turned into a Hollywood movie, drew the attention of lawmakers and prompted a House hearing last week.
The House Financial Services Committee summoned some of the key players in the drama to the hearing, including Robinhood CEO Vlad Tenev and Reddit user Keith Gill (also known by his screen names \"RoaringKitty\" and \"DeepF---ingValue\").
The hearing mostly centered on the decision of Robinhood to abruptly restrict some transactions for GameStop during the height of the volatility.
At the hearing, Gill -- the Reddit user who many say initiated the initial surge -- doubled down on his position for the stock, saying he remains \"bullish.\"
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