Reddit short-selling frenzy is not a story of 'David vs. Goliath', ex-Wall Street pro says
The chiefs of Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday’s highly anticipated GameStop hearing at the U.S. Congress. Lawmakers will get their chance to grill the CEOs, as well as the Reddit trading star known as Roaring Kitty, about last month’s GameStop trading turmoil. Alexis Goldstein, senior policy analyst at Americans for Financial Reform, is a former Wall Street professional and she warns that the short-squeeze drama that played out was not one of David vs. Goliath but Goliath vs. Goliath. Goldstein joined "Squawk Box" on Thursday to discuss.
Thu, Feb 18 20218:52 AM EST