Tag Archives: GameStop Melvin Capital

Reddit users claim victory as $13bn hedge fund capitulates on GameStop

Melvin Capital boss Gabe Plotkin told CNBC that his fund had closed its position in GameStop on Tuesday. That came after Melvin Capital’s backers Citadel and Point72 pumped almost $3bn into the fund to keep it afloat. GameStop shares dropped sharply from more than $340 in after-hours trading to $210 on Wednesday morning in New […]