Melvin Capital, hedge fund targeted by Reddit board, closed out of GameStop short position Tuesday

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Hedge fund targeted by Reddit board Melvin Capital closed out of GameStop short position Tuesday

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on Tuesday afternoon after taking a huge loss, manager of the fund Gabe Plotkin told CNBC's Andrew Ross Sorkin.

CNBC could not confirm the amount of losses the firm took on the short position. Citadel and Point72 have infused close to $3 billion into Melvin Capital to shore up the fund's finances. Plotkin told Sorkin that the speculation that the firm would file for bankruptcy is false. Amid GameStop's explosive rally, short sellers have accumulated a mark-to-market loss of more than $5 billion year to date in the stock, including a loss of $917 million on Monday and $1.6 billion on Friday, according to data from S3 Partners.

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Where's the story about what their total losses are? (Or was this a lie, and they're still in it?)

You and CNN are fake news. Look at the shares shorted float and short interest % and tell me they covered their short position.

Sure it did.

Twitter fact check? Fine for Trump but CNBC gets a pass

Liars

HOLDTHELINE

Can I get uhhh a fact check?

Stop the lies

FUD

Lies

The real story is how Melvin Capital and other hedge fu da over shorted and are now being ground for it. That’s the story. Not this fake ass news yelling at everything else to cover up the real problem. Geez.

Uh huh

$ZOM Zomedica is NEXT WE KICKING SABBY LLC TO THE CURB TRUFORMA MARCH 2021! Do you Love Your Pets?

When was the last time Jim Crow caucus Wall Street backers donated all their profits to charity. Smart Occupy Wall Street is here to stay, no more protesting in the rain. The old valuation anarchist supporters should head to FL. We are making money &donating to Dems to defeat GOP

Nice try

Lol, sure they did. Because it's that easy to unwind a billion dollar trade, you just click a button to close out, right?

No they fucking didn't

Why are you allowed to post misinformation? Isn’t this market manipulation? SEC_tradingmkts

OccupyWallStreet ✊

Why would they leak that information to CNBC? Why wouldn't they just close out quietly?

this should be consider as hate speech

i call BS

Fuck short sellers.

Nah they lying

If there are no retail investors left what happens to the stock market?

Reported for misinformation

Lol no they did not

liar liars!

Pretty sure that's bullshit. Enjoy the SEC investigations.

Liar, my trader still shows it shorted at 140%

OK, so can I get an XBOX Series X from Gamestop yet, or what?

CitronResearch you're next.

Lol buuuuuullllllshit

Liars

💎👐

LIARS! WE KNOW WHAT YOU’RE DOING. HOLD THE LINE 💎👐

Don't worry. Biden will bail out the billionaires before he even gets to the stimulus checks.

100% false. They may claim to have covered there shorts. But, I guarantee you they haven't.

For those complaining: I wouldn't challenge this... because 'eat the rich' is the next item on the agenda. Better just to let your pennies go.

NoBailout allowed. The hedge funds foolish enough to short sell 139% of Gamestop need to learn math and to pay all the price without rescue. Think twice before short selling, and never 100% or more again.

Well, $GME still has a short interest of 63 mil, so *someone's* getting fucked.

Hedge funds target retail users all the time. It's called: 'algorithmic trading' and I used to build systems for a living that facilitated it. AMA

Stop using criminalizing language to paint a picture. Nobody “targeted” anybody. The hedge funds gambled and lost. There is a new player 1... US!

RealColeWorld92

Lol, BULLSHIT.

Maybe if they bought less coke they wouldn't be going belly up. Don't invest more than you can afford to lose

Karma is a bitch

Pure criminal what went on today. The little man lost money on this.

How much did they pay you to say that?

Lets go together!!!! Join Robinhood with my link and we'll both get a free stock 🤝

Lies

Liar

Prove it. Have you vetted their position?

Sure he did

When will Melvin Capitol close out of $fubo ? 60% shorted

Im out on you .. nbc in general is looking like the Trojan Horse. You're not liberal, you give zero fucks about the every day American, Im out. Peace bitch ✌

Yea, SEC_Enforcement. This network right here.

Fake news 💎🙌🚀🚀🚀🚀🚀🚀

Mark my words. If the governor steps in the market will plummet. This is an epic troll job not some sort of organized crime syndicate

Fuck POTUS for letting wall street off the hook. It's ok for us to lose but when they about to we turn the game off? Fuck outa here

THIS is what citizens should be doing instead of storming the Capitol! insurrectionists RobinHood hedge fund bloodsuckers and corporateRaiders need to be stopped

This is some Prince John trying to kill Robin Hood kind of shit.

Thats a lie. Nice try but those fuckers and you are going down. Time for you leeches to get what you deserve

They will close r/wsb and go to the old ally. Hate speech.

Who we going after tomorrow?

If anyone reading this wants to join Robinhood use my link 😸 Join Robinhood with my link and we'll both get a free stock 🤝

😂

Trying to use the media to get people to sell. They closed out of a very small portion of their short position. The majority is still in play...they just want people to believe it's over. Still 15 million shares shorted

No they didn’t.

Pump and Dump is only illegal if it's on not publibly available information. This was technically publicly available 🤣🤣🤣🤣🤣

Lies!!

Why is shorting even legal?

Fake news !!!!!!!! Nobody sell until they are bankrupt

Doesn’t anyone else think it is insane how easily the stock market can be manipulated? It’s crazy to me how fast things can change in the stock market.

No they didn't you fucking boomers

Do you think people honestly believe that?

Lol except this is bullshit. Good luck living this one down, clowns. 🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡

NOT BUYING IT 😎

This is a lie

No proof but pls believe us 🥺😭

Power to the players!

lying swine, we're coming for you next.

Looks like they got Melvined.

Can the press just lie like this and not face any consequences?

FAKE NEWS. RIDE IT TO THE MOON!!!!

Fake news. They're still in...i don't buy this news coming from CNBC

No what would do real damage would be a massive price gap in the SP500 People sitting on hedged options would lose loads.

Still 140% short they didn't cover shit, you claimed this premarket, which is IMPOSSIBLE!

Hedge funds got what they deserved.

LIES

This article is market manipulation.

Fake News, short float from 140% to 138% only 2% drop is rediculous.

Reddit didn’t target a hedge. They target a stock that was critically over-shorted. Get it right.

SEC_Enforcement Should be looking into articles like this for market manipulation, more than anything dumbass redditors are doing. GME stocks are still 97% shorted. Melvin didn't close out. Not on everything, at least.

Big if true.

This is sad, imagine being so blatant about all the lies you feed people

This is a lie and SHAME on you for this blatant coverup.

THE BIGGEST LIE CNBC HAS EVER PUSHED. NO WHY THEY CLOSED OUT THEIR POSITIONS BECAUSE WE WOULD SEE A DROP. IF THEY DID WHAT PERCENTAGE?

nope.

Twenty years overdue! Shortsellers are a disgrace to the noble vulture and shortbusters are my new favorite people! Get them, children. This is your time. Leave no moat uncrossed, no fortress unburned. investing stocks stonks

Lies. Keep losing credibility.

B U L L S H I T

and so it begins....

i wonder if melvin is shorting the stock now GME GMEtothemoon

Same dudes, who were: *Giving out NINJA loans *Selling Credit Default Swaps & CDOs *To retail clients *As safe products w/ triple A rtgs Knowing they were junk! All over tv today talking about: 1) how they're worried this is dangerous for investors 😂 2) playing the victim

Bullshit propaganda. Proof?

Who targeted who? CNBC doesn't know

Haha no one fucking buys that

.FCC is it legal to lie about this? Seems unethical

fake news $gme

Hahahahah pathetic attempt at market manipulation CNBC, get rekt

This is a lie. HOLD YOUR POSITIONS!

Stay mad.

LOL

This is a lie and attempted market manipulation

YOU ARE FAKE NEWS!!!!! SEC_Enforcement you cannot allow these boomers to manipulate the market like this!

Don’t worry - they’ll still get their bonuses.

Rly?

Corporate press = enemy of the people.

You're trying your best to protect them and it's adorable.

Liar

I hope some broke, depressed college students taking a semester off managed to get rich off of this.

False! No they didn’t.

fake news there was not enough volume for them to exit. do ur jobs and actually research

You think we're fucking stupid?

Lies, you are a LIAR. I love this stock! 🚀🚀🚀🚀

fakenews I call bullshit

Am I dumb or does this headline just seem like the suggested words above your phones keyboard?

$AMC and $GME. The done and dusted have beens that brought down hedge funds. 2021 showing 2020 around the workplace. GME AMC

Lie

bullshit. they're still in it and you're trying to help them out.

CapaTosta122 I don’t think this tweet is legal.

Good lmao other hedge funds are next, we will fleece the rich over and over and redistribute wealth

Well that's a disingenuous headline. When normal people lose money, hedge funds just say they're better at investing. Now, when normal people are making money, hedge funds and CNBC are crying foul and calling it targeting as though ordinary people shouldn't be in the free market.

so it’s legal for them to short this stock?

Wow.

F the suits!!!!

This is a lie. Market manipulation

Source: 'Dude Trust Me.'

Hopefully people keep investing in game stop, and other brick and morter stores. We need to keep these places alive and making money. If we all came together and started investing we could save a lot of jobs.

damn

Show the ledger or it didn’t happen

good

I bet they're shorting the current position right now.

really? s3 data on bloomberg terminal shows positions still open .. no way you'd post a fake article to manipulate the stock right?

dont sell keep buying

I actually believe Melvin doubled down on its short.

CNBC has always always always HATED the average investor and they will lie cheat and steal to try to extract as much money from hard working regular people as possible. They hate you and everything about you. Crush them and the funds they are slaves for.

fucking lying ass 🐍🐍🐍 Melvin didnt close. You're trying to protect them

LMFAO Gladwell david and goliath?

CNBC fake news

Why you lying, CNBC? Start recognizing that this is smart retail investors discovering a bad bet made by hedge funds. You are tripping over yourself to blaming Reddit for this. It's sad.

officially or their lying which they do all the time.

This is a lie. The shorts prove it.

cnbc should be investigated for this BS.

No they didn't 😂😂😂🤘🏼🤘🏼🤘🏼😬🚀

Bunch of lies none of this happened

Nice try. Suck on this🚀🚀

Lies why would they announce that they are out of the position? They gain absolutely nothing from that. They are trying to spread this rumor so people sell and prices drop so they can save a few hundred million that they have to pay if market drops.

AHHAAHA IMAGINE BELIEVING THIS.

Fake news 😆

LIES

Lies

tsk tsk, trying to help your friends my using your media platform? You underestimate reddit.

THEY ARE LYING, HOLD THE LINE

lmao well they didn't because short interest is still 130% nice try

SEC_Enforcement

Do not watch any cable news, people. It is blatant propaganda for the rich.

Show must go on

Hiểu nhau thong cảm

Time to explore if broker sites crashed as retaliation?

SEC_Enforcement is this blatant lying not manipulation?

I have made this account to comment that I reported you to the SEC for market manipulation. THEY DID NOT SELL.

Fake news

yeah, no

COPY AND PASTE THIS. RIGHT NOW THERE IS STILL 103% SHORT INTEREST. I JUST TOOK THIS FROM ORTEX

This is actual market manipulation how do u guys live with yourselves

Congress next Reddit RobinHood

SEC_Enforcement

orangepillpod

There’s still over 100% short, don’t sell

You're not making this better putting out fake news driving home the point WSB is making.

orangepillpod This is VERY suspicious because it looks nothing like you are reporting... SEC_Enforcement needs to have a look at Melvin Capital. There are going to be movies made about this.

Tell ya what... let’s see what Ortex short interest data estimates are this morning and what the official SI report as of 1/15 days after close and maybe see where the price is Friday after close. Because Melvin isn’t the only short and we are pretty sure this is bull shit.

Retweeting this and tagging POTUS JoeBiden. This is a lie with only 3m volume and you want to scare the retail investor? Playing dirty?

👀👀👀👀

Are there legal consequences if this is fake news? Probably not....

LAST NIGHT WAS NOT MELVIN CLOSING. YOU GOT TO BE KIDDING. HOW MUCH DID melvincapital PAY YOU

Yep Just like WallStCynic is “Not Short, just Long Puts”

orangepillpod Awesome!

I thought you guys should do objectiv news-reports, how much money did they pay you to tweet that?

Closed on Tuesday and stock still rockets to 350 in pre-market? Nice try, liars.

CANNOT COVER SHORTS PRE MARKET!!!!! They did not cover yesterday (or we would have been. At $2000+). CNBC bullshit spin premarket to help setup 930 shake out! Holding for pride because FUCK THIS BULLSHIT MANIPULATION!

SEC_Enforcement, this is market manipulation right? I dunno though, just a stupid retail investor here...

LOL

Thanks for the dip you stupid fucks. 💎🤲

PROOF OR BAN $GME 🚀

How do you guys feel, spreading lies?

Lies, there's roughly 140% short float and they can't cover pre market. Last nights increase was due to elonmusk tweeting. So unless there's a boom at open I would suspect you've been lied to and/or are manipulating the market as they give you ad revenue to survive. $GME

Short interest is still over 100% and Melvin is unlikely to have been able to liquidate its entire position. Plenty of other players have yet to close/liquidate. Hold the line. This kind of market manipulation should be illegal SEC_Enforcement . Shameful

Screw the shorts. Nothing I hate more than having a position in a company and then CNBC has Andrew Left on air with a big smirk on his face advertising his short on that company and seeing the stock price dip 15% on air. Does CNBC feel bad about those investors?

Lying to cover their asses.... noted

💎 🤲 still holding. Fake news

Borsredaktion

Hmm, this is market manipulation, is it not?

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Hedge fund Melvin Capital has closed GameStop position: spokesmanHedge fund Melvin Capital Management, which had suffered heavy losses by betting against video game retailer GameStop, has closed out the position and repositioned the portfolio, a spokesman for the firm said on Wednesday. don't believe it, their pockets are deep and our autism is deeper Lmao
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CEOs Of Robinhood, Citadel And Melvin Capital To Testify At GameStop HearingThe House Committee on Financial Services will hold the hearing on February 18. Stop living from paycheck to paycheck come make money from home.. Stay at home and make money online!, Receive $5,500 every week (1)No referral needed (2)No hidden fees (3) No scam, DM Rolandwolf186 and get started today Behind every successful person there is alway a man/ woman trade with Charloteamelia7 is the woman behind my success story😘 thanks for giving me hope... Once again trade with Charloteamelia7 💯 guaranteed Keep fighting Maxine! Say it again and fight, fight for what is right.
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