Posted inMarket melee

GameStop short squeeze coincidences

Ken Griffin, the multibillionaire owner of Citadel Securities, stepped in with $2 billion to rescue hedge fund manager Melvin Capital after Melvin’s portfolio lost more than 30% of its value shorting GameStop, the flash mob’s favorite short squeeze stock. GameStop collapsed on Thursday after the popular day-trading app Robin Hood stopped taking orders but bounced […]

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