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MELVIN CAPITAL FUND
EBay rejects GameStop's audacious $56 billion takeover bidEBay has rejected a massive $56 billion takeover offer from GameStop. EBay cited doubts about GameStop's financing for the deal. The compan...- What's the Hedge funds and how do they generate moneyIn simple terms, Hedge Funds pool money from high-net-worth individuals and large companies to generate higher return and diversify risk. T...
- Netflix, Meta dumped by hedge funds as tech sell-off continuesThe S&P 500 is now down nearly 16% for the year to date, while the Russell 1000 Growth index, which is more focused on technology companies...
- Tiger Global hit by $17 billion losses in tech rout: reportAccording to estimations by LCH Investments, Tiger Global lost around two-thirds of its gains in four months. But investors who put money i...
- New meme stocks swing as shorts and retail investors face off againStocks that have notched big swings this month include laser-manufacturer MicroVision Inc, a favorite on Reddit’s popular WallStreetBets fo...
- GameStop leads meme stocks lower, on track for sharp weekly dropThe company's shares were down 16.4% at $184, on track for their worst weekly performance since early February, with a drop of more than 30...
- After GameStop saga, Melvin Capital gained 21.7% net of fees in FebruaryThe fund, founded by Gabe Plotkin, lost 53% in January when retail investors joined forces to drive up the stock to trade at more than $400...
- Robinhood CEO defends actions in GameStop saga at hearingUS lawmakers are examining whether the wild swings in the stock price of the video game retailer exposed conflicts in the market's structur...
- Hedge fund manager Gabriel Plotkin's GameStop short, dissectedOn Thursday, he spent more than five hours answering U.S. lawmakers' questions about how his firm Melvin Capital Management, which shed 53%...
- Short-selling under spotlight in GameStop hearingShorting a stock is a bet that the share price will fall.
- US lawmakers face off with GameStop saga's key playersThe episode has been portrayed as a victory of the little guy over Wall Street titans, but not everyone is buying it. Lawmakers from both p...
- Amateurs beat Wall Street pros at their own game, & how!In September 2020, activist investor and founder of online pet food portal Chewy, Ryan Cohen bought 13% in the company.
- Analysis: To the brink and back on GameStop - Wall Street vs RedditThe experience of this manager and a handful of others interviewed by Reuters over the last days, who all requested anonymity for fear of p...
- Wall Street gears up for second bout against Reddit tradersSome of Wall Street's largest hedge funds are still licking their wounds after retail traders sought to drive up the prices of stocks that ...
- Howard Marks calls GameStop episode ‘mob behaviour’, sees no systemic riskShares of GameStop have become the hottest topic in global financial markets after some retail traders, part of a Reddit group called ‘Wall...
- Billionaire Steve Cohen quits Twitter, citing threats in GameStop uproarThe small investors, connected on social media, mobilized to take on institutional short sellers of GameStop and other shares, sparking a s...
- Short sellers face end of an era as rookies rule Wall StreetThe biggest casualty came Friday, when Andrew Left’s Citron Research said it will discontinue offering short-selling analysis after 20 year...
- GameStop extends Reddit driven hyper-rally after Elon Musk tweetGameStop surged 50 per cent in extended trade after Elon Musk tweeted "Gamestonk!!", along with a link to Reddit's Wallstreetbets stock tra...
- Wall Street vs Robinhoods: How retail investors brought a hedge fund to kneesWith the pandemic hitting retailers the worst and online gaming gaining popularity in recent years, a company like GameStop that retails vi...
- Fannie Mae, Freddie Mac could need $126 billion in crisis, test showsThe annual test, required by the Dodd-Frank Act, is likely to be used both by proponents of allowing Fannie Mae and Freddie Mac to build ca...
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