‘People are crying’: Hedge funds reel as GameStop trading army goes global – Financial News

The GameStop melt-up, driven in part by Elon Musk, Michael Burry of The Big Short fame and an army of armchair Redditors intent on crippling bearish hedge funds, has led the stock to skyrocket and pummel positions at firms including Melvin Capital and Citron Research.

Now, the retail brigade is coming for other stocks popular among short-sellers, and not just in the US market.


This content was originally published here.