Melvin Capital Losing Billions On GameStop From Reddit In January 2021
Melvin Capital began 2021 with a whopping $12.5 billion in assets prior to retail investors from Reddit spawn the platform to drop billions on its GameStop short positions. Melvin Capital has reportedly restructured its portfolio to be able to exit securities easily amid the SEC saying it would "closely review actions" in connection to the price volatility of certain stocks https://t.co/ywHkKzks8a
— Cointelegraph (@Cointelegraph)
January 31, 2021 The Wall Street Journal repo