The rapid trading of the amateur investors was apparently spearheaded by amateur investor Keith Gill, known on [[YouTube]] as "Roaring Kitty" and on Reddit as "DeepF***ingValue." During the Congressional hearing in February 2021 regarding the actions of both WallStreetBets and Robinhood, Gill, the CEO of Robinhood Vlad Tenev, and the CEOs of multiple hedge funds including Citadel and Melvin Capital were called to testify. Gill explained that the phenomenon in January was not a "get rich quick" scheme, but a protest of those schemes partaken by Wall Street.<ref>https://kotaku.com/mister-deepfuckingvalue-goes-to-washington-1846300753</ref> Overall, little was accomplished in the hearing.<ref>https://web.archive.org/web/20210223091158/https://www.oann.com/house-financial-services-committee-to-hear-testimony-on-gamestop-stock-shorting-frenzy-from-ceos/</ref>
The [[mainstream media|establishment media]] accused the average traders of market manipulation<ref>https://www.forbes.com/sites/johntamny/2021/01/28/ignore-the-populist-gamestop-hype-short-sellers-are-heroes/?sh=27c1f3e73cf3</ref> and even weaponized [[identity politics]] against them.<ref>https://www.thelily.com/women-are-missing-from-the-gamestop-news-experts-blame-this-fratty-subreddit/</ref><ref>https://nypost.com/2021/02/18/melvin-capitals-gabe-plotkin-was-target-of-anti-semitism/</ref><ref>https://www.wsj.com/articles/wallstreetbets-founder-reckons-with-legacy-amid-memes-loss-porn-and-online-threats-11611829800</ref> Meanwhile, the investors used the money they had gained to adopt animals<ref>https://www.insider.com/wallstreetbets-wsb-reddit-donates-over-256000-gorilla-conservation-2021-3</ref> and donate to children's hospitals.<ref>https://www.cbsnews.com/video/redditors-use-gamestop-stock-earnings-to-donate-to-childrens-hospitals/#x</ref>
==See also==