Retail Trading Chaos Hearing: How We Got Here and What’s at Stake

The transcript discusses an extraordinary financial event involving GameStop's stock, which surged from under $20 to nearly $500 in a month, driven by Reddit's wallstreetbets community. This phenomenon caught Wall Street off guard and led to congressional hearings and investigations into potential market manipulation. The event highlighted the influence of retail traders and raised questions about trading apps, social media, and broker liquidity. It also sparked a debate on regulatory scrutiny and the need for more enforcement under the new administration.

What are the implications of the volatility in GameStop's stock price?

In what ways did retail traders demonstrate their influence in the market?