“Melvin Capital has repositioned our portfolio over the past few days. We have closed out our position in GME ,” the spokesman said in a statement.
The spokesman also said that the firm, once among Wall Street’s best performers, is not collapsing. “The social media posts about Melvin Capital going bankrupt are categorically false,” he said. Earlier this week prominent hedge funds Citadel and Point72 Asset Management extended a $2.75 billion financial lifeline to the fund. People familiar with the fund said it lost almost 30% in the first three weeks of January.
GameStop closed up 92.71% on Tuesday at $147.98, and is trading up 65% before the opening on Wednesday.
What BS!
They are seeding the press with bogus stories.
Beat thing I have ever seen on twitter
Funny, this was said yesterday morning, too. So, which one is it? I suspect it's neither. FakeNews WallStreet manipulation. GME
This is hilarious. Someone finally stuck it to the one who figured out how to short (take advantage of financial weakness).
The title should be with the fall of ant
How is it still 98% short then lmao
Bullshit. They did nothing of the sort.
Tìm một người dám yêu và lo lắg cho tôi. Một người thiếu vắg tình cảm
Nope. This is just to get the price down and get out without loosing so much.
🚀 🚀🚀🚀
Redditors right now
They closed one of the positions. Hoping we don't keep holding by putting out misinformation.
Yeah right
$CLOV next to the moon 🚀🚀🚀
This has the feel of the dot com era. It's going to hurt people financially as many will try making money by driving up prices, trying to piss off Wall Street types. It's no different then gambling. Not a great investment strategy. GameStop reddit CNN wallstreetbets
Come on reuters that's a week article with no proof, no names, an incendiary headline, and nothing in the public market data supports this. This could be a dangerous, and illegal, false narrative. SEC_Enforcement
The peasants are winning
tomorrow is race of sell off, whoever sell first and take profit first make money, the last group of people who believe and hold GME on hand are the ones gonna cry when it goes back to $20
If this is deliberate disinfo, then Melvin is guilty of manipulating the markets. Are they not?
wallstreetbets FactCheck Please
wallstreetbets
you're lying we're still holding
The Proletariat holds the line.
Lol. Believe this, you’d believe anything. Their short is on standby. Hold the fort! Be still.
Sounds like more bullshit.
💎👏
🧢
False. This is one desperate attempt after another to get people to sell. The shorts are still outrageous.
don’t trust ‘verifica’ ( bitcoin )
This is lies up the wazoo! don't fall for it they can't even close on it yet
Wall Street bets buys Melvin capital
My day ends & all I have is questions. you really think Austin Woods or the elite will not destroy your life to avoid taking responsibility for their actions? The only way to protect yourself is to hold them accountable. Will you help me get an FBI/TheJusticeDept investigation?
I would think there's some type of penalty for a media company colluding with a hedge fund to fabricate a story to fool investors.
BULLSHIT
nice try MELVIN
With no proof, lying
Fake news
Isn’t lying about this stock manipulation?
That's nice of them to tell us now!
Stop fibbing man. Actions have consequences
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They lying
Multiple post of same B.S. change nothing :))
hedge fund managers got schooled
Maybe reconsider the term investment. Shorting is the antithesis of that
Why the fuck you lyyyyyyin? Why you always lyyyyying? MmmmmooooHmGod! Stop fucking lying
Bullshit.
Took you all day to post this in the dead of night? I thought Reuters was a little more on top of things than this... or you're just spreading lies. This seems fishy AF.
Papers or it didn't happen
In Chamath we trust....
A double post won’t change the fact that their short position still exists..
b.s. they closed ONE short position so they could say they r “closing short positions”. filthy lies.
WSBChairman
This is so entertaining as a spectator sport.
:spokesman huh 👀
So what's the deal hear. Is Gamestop going out of business or what ?
Again?
lol
JosephScrimshaw KenNapzok
So today we can see $1000 and no problem for them😂😂😂😂
But does Melvin Capital still have a short position on $fubo ? 62% shorts ShredTheShorts
How much did they pay u to spread false info only to make reddit folks think the squeeze is over?! This is just the BEGINNING! See u at $2000. Very soon. Enough of WS manipulation. Now they have to abide by the same rules they have used against us retail investors for decades.
No, they haven't, MSM once again showing they're just the stenographers of the elite, lap dogs who bark propaganda at the ring of a bell
I bet all the HF that are short GME are now long BB and NOK to hedge
They’ll get a write off through tax filing. Too bad their let say 1% tax amount will have to thousands of low/mid income taxpayers to make up for it, to continue funding quality healthcare, schools, social benefit, etc. Screwed small group of wealthies, costing everyone around u
I'm a little bitch so I only held on to mine for like 24 hrs. I WAS SO SCARED! I thought the spike was about to crash. I did double my money though... from $5 to $10. lol
They're lying You're lying I wonder if the people who own reuters are related to the people that own melvin capital?
This is total BS, the post was written last night and posted just now. No way Melvin closed their position today, not after all the fisacal that happened today including wallstreetbets going down. This another attempt to scare folks into selling tomorrow before the squeeze.
DON'T S3LL!
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