The GameStop battle: how it unfolded for the key players testifying


A 3d printed Robinhood and Reddit logos are seen near one dollar banknotes in front of displayed GameStop logo in this illustration taken February 8 2021. REUTERSDado RuvicIllustration

A 3d printed Robinhood and Reddit logos are seen near one dollar banknotes in front of displayed GameStop logo in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) - Top executives from hedge funds and the Robinhood trading platform will appear before a U.S. House panel on Thursday to explain how a flood of retail trading drove shares of GameStop and other stocks to extreme highs, squeezing short sellers who had bet against them.

Here is a timeline of the stock's rapid 1,600% rise, the social media-fueled retail activity that helped drive it, and how firms like hedge funds Citadel and Melvin Capital, along with retail brokerages like Robinhood, played a part in the action.

Subscribe now and get 30% off The Star Yearly Plan

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.


Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a subscriber? Log In