Melvin's assets under management now stand at more than $8 billion — including the emergency funding — down from roughly $12.5 billion at the beginning of the year,Last week's activity in GameStop extended to other popular short targets, including Bed Bath & Beyond and AMC Entertainment, with retail investors turning to Reddit's WallStreetBets forum to discuss various trades. The forum has seen its members triple in just a week to 6.5 million.
Amid the short squeeze, Robinhood and other brokerages have restricted trading in some of the most volatile names, sparking frustration for users who were unable to trade at will. Robinhood said in a blog post that the central Wall Street clearinghouse mandated a tenfold increase in the firm's deposit requirements on the week in order to ensure smooth settlement in trades involving the securities experiencing unprecedented volatility.
The meteoric rise in GameStop's shares has prompted some lawmakers to call on regulatory bodies to intervene. "We need an SEC that has clear rules about market manipulation and then has the backbone to get in and enforce those rules," Sen. Elizabeth Warren, D-Mass., told CNBC Wednesday. "To have a healthy stock market, you've got to have a cop on the beat."
When you play with fire, sometimes you get burned.
then he spent 12 million on a tennis court ....sheesh !!
The heart bleeds for Melvin capital.
“There’s a fat old lady outside the saloon. Laying out her credit cards she plays fortune-The deck is uneven right from the start-and all of their hands are playing apart!”- Genesis -1973-
What happened to the Muller Report Everyone of the REPUBLICANS that continue to justify the hateful and criminal behavior of Trump and his allies need to be removed from your seats permanently!!! Especially Mitch McConnell PERIOD!!!!!
Hmm this is vague. You are making it sound like they have closed 50% of their position which I have heard is not true. Everyone reading this should make their own financial decisions, I am not advocating for anything but I believe in GME and AMC. Great American companies🇺🇸
And we should feel sorry for an immoral greedy scavenger, why? Your point CNBC being?
That's a terrible year andrewrsorkin carlquintanilla
Crybabies along with Citadel. It's ok when THEY'RE screwing everyone. Not ok when they lose. WHINERS!
Don’t short a stock, lesson learned?
Good! Hurray! About time they got a taste of their own medicine!
We are perceiving this as “Little Guys” but it sounds like a few Whales cashed in too, not that there is anything wrong with that. To go up as much as those stocks did requires a few Vegas-like Whales.
Common sense says you should not be able to short more stock of a Company than exists. Did Robinhood break any Laws restricting purchases for those Stocks being shorted? Like a Casino they need to be able to cover the Bets or a Bank & withdrawals.
I thought they covered andrewrsorkin ?
Too bad they don’t have the tax shelters like the hedge fund managers. Maybe that fck Biden can sign an exec order to help the small folks out.
The loss is well deserved for anyone who had that kind of exposure to a single, directional, non-hedged position.
Join Robinhood with my link and we'll both get a free stock 🤝
DanteChinni
incarceratedbob LETS GOOOOOOO
incarceratedbob
Who’s money was in melvins hedge fund?
incarceratedbob HOLDDDDD
RedditRebellion OWS silversqueeze - 65% of the worlds silver production sold short - $11 billion Short $30 ounce, buy through that and $300 easy peasy ...lemon Squeezy WSBMOVEMENT OWS2021 silver $SLV BEA.V CSE:CC
Diamond hands people, diamond hands.
That’s the risk we take as investors in the stock market.
Good.
🤘👏👏👏
Finally got the correct headline for the story....
🤣🤣🤣🤣
'citing people familiar with the matter.' = Most of this is shit and no one will take responsibility for it. They try everything in the HF playbook and CNBC seems to be helping them.
Robinhood is the LENDER OF THE SHARES BEING SHORTED in $GME at an estimated profit of 80% interest. They weren't protecting their clients, their solvency or hedge funds. They were protecting their own profits! stock stocks options reddit GameStop
Dedicated to the Reddit Army, Air Force, and Navy! george clinton- we got the funk 😉 'we gonna turn this mother out'
Gamestop porte bien son nom. Signal fort envoyé au marché. 2008 une vraie merde... Capitalisme doit justement distribuer les richesses. Tous le monde contribue et 1% se gave. Comme vous dites chez vous What else?
Well wait till you see what we do in February 😆 $gme $amc holdtheline
Didn’t lose it he distributed it to us
Didn't they cover their short position last week? According to your report....
Start buying on the dip. Look at tesla, disney, apple all down. Scoop them up on a discount and hold for 5 years. Dont make the mistake in selling. In my opinion just saying. Its. Your money.
Not Done. Good people support business, not bet against them. I like gamestop, I like AMC. They both make the fun. Join the fun. $AMC $GME
$SNDL
It’s not enough, Melvin Capital needs to go out business. They have destroyed to many small investors.
It’s all thanks to Kramer
Love it!!!! Hope they and the rest lose more!
SERVES. THEM. RIGHT!
CNBC is really milking this. The more CNBC stirs up drama and false narratives, the more people engage with their mediums
Suzlon Energy में आई बहुत बड़ी खबर। Suzlon Energy के मालिक तुलसी तांती ने किया बहुत बड़ा ऐलान। Suzlon Energy के शेयर होल्डर्स के लिए बहुत बड़ी खुशखबरी। Suzlon Energy शेयर टारगेट 1000 रुपये। अभी वीडियो देखें और चैनल को सब्सक्राइब करे।
I love the fact that a group of people screwed over these hedge fund investors who have no conscience when they do the same thing on a weekly basis.
Gamestop struggling? You're funny cnbc 😂
Maybe they should make their coffee at home?
GOOD
Excellent. FUCK 'EM!!!
buitres
😅😅😅😅😅😅
Let's get them to 100%.
All jokes beside ... honestly ... just fuck Melvin Capital
It happens.
at least they have CNBC to keep pushing their stupid narratives. you're just a collaborator.
GOOO NOK!!! LONG
I made a 3D printed WallStreet Bets figurine
What was that about the market involving risk?... And um?.. diversification?
“Melvin Risk Management” 😉
What’s the lesson we always hear from the professionals to retail investors... don’t invest more than what you can afford to lose. Where is that narrative from CNBC to the hedge funds?....
And now thousands of millennials can finally move out of their parents basement
Karma!
Hope they don’t ask you$$$ back they paid you to demonize retail investors
Play stupid games. Win stupid prizes.
They will lose the rest in February
Investors gained 50% from vampire capitalists. There, I fixed the headline for you.
In a small way these stocks that are heavily shorted are going to hurt big money. Most of the little guys will lose money. I was a floor trader during the dot com bubble. This will go on for awhile. Many big boys will squeeze the shorts also.
Wish I had billionaire friends.
IMHO the hedge funds will crash the market to get rid of the Reddit group. I have moved to all cash because it will be do or die for these hedge funds
GameStop AMCTheatres reddit
Playing the market is dangerous. Best leave it to the professionals....oh wait 😏
Good
🤡
Down with Mike, Steve and Bob. Time for the REAL Americans to prosper...for once.
50% *so far* there’s more where that came from
GameStop should in theory be shorted... It’s finally the Reddit and retail investors who now turned the tables on these hedge funds.
JP Morgan 🏦 is next!!!
$BBBY Bed Bath Beyond now has an 82% short % of the float!!! It increased from 67%. Company ANNOUNCED an accelerated $375 Million Stock Buyback before Feb 27th!! It's running until then!! 🚀🚀🚀🚀🚀🚀🚀
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