Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.
Melvin Capital Down 46%
Description
Melvin Capital, a hedge fund, had a terrible first half, losing 46% of its capital. Melvin was at the core of the GameStop ($GME@US) short squeeze, as their extremely public puts enraged retail traders, who retaliated by pushing the stock up to over $400, forcing Citadel and Point72 to bail them out.
More from User
00:52
Apple iCloud Suit Advances
Benzinga
00:53
KOSPI Plunges Nearly 10%
Benzinga
00:53
SpaceX Lockup Test
Benzinga
00:57
Apollo Caps Redemptions
Benzinga
00:54
SpaceX Compute Deal
Benzinga
00:49
Tesla Crash Probe
Benzinga
Related Videos
01:16
GameStop, Reddit and r/WallStreetBets: Why Stock Short Squeezing is Almost Impossible For Normal People Like You
Veuer
00:38
DJT Stock Surges on Trump Victory, Tops WallStreetBets Trending List
Benzinga
14:31
WallStreetBets to Wall Street Wisdom: One-on-One with Jaime Rogozinski
Cheddar News
07:43
Wallstreetbets Daily: Vermont Urges Citizens not to Participate, Big Tech Cracks Down
Styxhexenhammer666
01:25
WallStreetBets Is Buzzing About Digital World Stock Ahead Of Trump Media's First Trade Under DJT Ticker
Benzinga
00:46
WallStreetBets Founder Sues Reddit
Benzinga