The U.S. House Committee on Financial Services is meeting Thursday to hear testimony on the GameStop trading frenzy earlier this year that sent shares in the company surging.

At one point in January, stock in the video game retailer soared 1,600 per cent, before falling nearly 72 per cent in February.

The GameStop trading frenzy shocked Wall Street, forcing the market to gird for more volatility, after individual investors on Reddit and other social media forums encouraged eachother to buy the stock in a bid to hurt hedge funds that were betting the stocks would lose value.

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