Hill Report: who wants to talk to Reddit?

Photo by Drew Angerer/Getty Images Weeks after Reddit community r/WallStreetBets shitposted GameStop stock up to more than $400 a share, the House Financial Services Committee pulled all of the major players in for questioning on Thursday. The hearing featured: Robinhood CEO Vlad Tenev, whose commission-free brokerage platform made WallStreetBets’ GameStop short squeeze possible — well, until it didn’t, and the app froze all meme trading for hours, angering both the meme traders, lawmakers, and regulators, creating the conditions for our hearing today! Reddit CEO Steve Huffman, who, in his opening remarks, basically just explained what Reddit is, providing a dictionary-style definition of “subreddits” for lawmakers. After that, he didn’t say much else. No one was... Continue reading…