{"id":146496,"date":"2021-02-18T13:20:14","date_gmt":"2021-02-18T18:20:14","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=146496"},"modified":"2021-02-18T18:13:17","modified_gmt":"2021-02-18T23:13:17","slug":"reddit-user-says-research-led-him-to-believe-gamestop-undervalued","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reddit-user-says-research-led-him-to-believe-gamestop-undervalued\/","title":{"rendered":"Reddit user says research led him to believe GameStop undervalued"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Freddit-user-says-research-led-him-to-believe-gamestop-undervalued%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=146496&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2375281\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2375281\" loading=\"lazy\" class=\"wp-image-2375281 size-large\" src=\"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/02\/GettyImages-1231225604-687x437.jpg\" alt=\"This illustration photo shows a person checking the GameStop stock on a smartphone on February 17, 2021 in Los Angeles as the Reddit, Citadel, Robinhood and Melvin Capital logos are seen on the background ahead of the virtual hearing involving GameStop stocks. - The House Committee on Financial Services will hold a hearing, titled &quot;Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide&quot; on February 18, 2021. CEOs Reddit, Robinhood, Citadel and Melvin Capital are expected to testify. (Photo by Chris DELMAS \/ AFP) (Photo by CHRIS DELMAS\/AFP via Getty Images)\" width=\"687\" height=\"437\" \/><\/p>\n<p id=\"caption-attachment-2375281\" class=\"wp-caption-text\">This illustration photo shows a person checking the GameStop stock on a smartphone on February 17, 2021 in Los Angeles as the Reddit, Citadel, Robinhood and Melvin Capital logos are seen on the background ahead of the virtual hearing involving GameStop stocks. \u2013 The House Committee on Financial Services will hold a hearing, titled \u201cGame Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide\u201d on February 18, 2021.&nbsp; (Photo by CHRIS DELMAS\/AFP via Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 2:50 PM PT \u2013 Thursday, February 18, 2021<\/h5>\n<p>The user who began the initial GameStop investment frenzy defended his trading strategy on Capitol Hill. In opening testimony before the House Financial Services Committee Thursday, Keith Patrick Gill said he merely discussed public information on the Reddit forum and had no insider knowledge relating to GameStop.<\/p>\n<p>Gill noted his own research led him to believe the company\u2019s stock was undervalued and that he shared his research to help other amateur investors. He said he hopes lawmakers will also look into possible market manipulation by brokers.<\/p>\n<p>In the meantime, the CEO of the Robinhood app also testified and spoke out on the decision to close stocks to retail investors.<\/p>\n<div id=\"attachment_2375282\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2375282\" loading=\"lazy\" class=\"wp-image-2375282 size-large\" src=\"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/02\/GettyImages-530148986-654x437.jpg\" alt=\"NEW YORK, NY - MAY 10: Co-founder and co-CEO of Robinhood Vladimir Tenev speaks onstage during TechCrunch Disrupt NY 2016 at Brooklyn Cruise Terminal on May 10, 2016 in New York City. (Photo by Noam Galai\/Getty Images for TechCrunch)\" width=\"654\" height=\"437\" \/><\/p>\n<p id=\"caption-attachment-2375282\" class=\"wp-caption-text\">NEW YORK, NY \u2013 MAY 10: Co-founder and co-CEO of Robinhood Vladimir Tenev speaks onstage during TechCrunch Disrupt NY 2016 at Brooklyn Cruise Terminal on May 10, 2016 in New York City. (Photo by Noam Galai\/Getty Images for TechCrunch)<\/p>\n<\/div>\n<p>\u201cRobinhood Securities put the restrictions in place in an effort to meet increased regulatory deposit requirements, not to help hedge funds,\u201d CEO Vlad Tenev stated. \u201cWe don\u2019t answer to hedge funds. We serve the millions of small investors who use our platform to invest.\u201d<\/p>\n<p>Tenev ultimately apologized for the move and said it won\u2019t happen again.<\/p>\n<h4>RELATED:&nbsp;<a href=\"https:\/\/www.oann.com\/house-financial-services-committee-to-hear-testimony-on-gamestop-stock-shorting-frenzy-from-ceos\/\">House Financial Services Committee To Hear Testimony On GameStop Stock Shorting Frenzy From CEO\u2019s<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p> &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2181232,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/02\/GettyImages-1231225604-687x437.jpg","fifu_image_alt":"Reddit user says research led him to believe GameStop undervalued","footnotes":""},"categories":[],"tags":[],"class_list":["post-146496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/02\/GettyImages-1231225604-687x437.jpg","fifu_image_alt":"Reddit user says research led him to believe GameStop undervalued","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/146496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=146496"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/146496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2181232"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=146496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=146496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=146496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}