Investor At Center Of GameStop Stock Fiasco Says He "Barely" Understands It

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If you don’t know the name Keith Gill, you at least know what he did. The investor, who often posts on the WallStreetBets Reddit page, was largely responsible for triggering a massive spike in the price of GameStop stock, ultimately becoming a multimillionaire and hurting short-sellers who bet on the stock to fail. But even Gill doesn’t really know how everything works here.

Speaking during a Congressional hearing about the GameStop situation (via PC Gamer), Gill admitted he “barely” understands certain elements of the previous month’s events, including Robinhood halting purchases when GameStop’s stock had peaked at several hundred dollars.

“It’s alarming how little we know about the inner-workings of the market, and I am thankful that this Committee is examining what happened,” he said.

Continue Reading at GameSpot
Source: Game Spot Mashup