melvin capital
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The SEC’s Report on the GameStop Saga Ignores the Biggest Questions
After a reddit mob short squeezed a hedge fund back in January and sent the GameStop stock through the roof, the SEC finally weighs in.
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Current Status of WallStreetBets’s GameStop Run: ????????
The current scoreboard on the Reddit meme stock war here. Reddit: 1, Hedge Fund Antagonists: 0. Citron Capital and Melvin Capital — the latter, the main loser in the massive inflation of GameStock prices, thanks to the subreddit WallStreetBets — have reportedly pulled out of their short positions in GameStock. Meaning that the hedge funds…