The episode has been portrayed as a victory of the little guy over Wall Street titans, but not everyone is buying it. The head of the panel, Rep. Maxine Waters, D-Calif., is homing in on hedge funds, which she says have a history of “predatory short-selling." Chicago-based Citadel is one of the biggest hedge funds, and its separate securities-dealing business handles an estimated 25% of all U.S. stock trading. Not coincidentally, it inflicted billions in losses on the hedge funds that had placed bets that the stocks would drop. GameStop stock plunged 60%, to $90 on Feb. 2, wiping out hundreds of thousands of dollars in a few hours.

What’s going on with GameStop’s stock doesn’t make sense to a lot of people. AdHere's a look at how we got here:___WHAT IS HAPPENING WITH GAMESTOP’S STOCK? A big reason for that is how deeply hated GameStop's stock was by hedge funds and other professional investors on Wall Street. Later, if the stock price does as they expect, they can buy the stock at a lower price and keep the difference. ___WHERE DOES WALL STREET SEE GAMESTOP'S STOCK ENDING UP?