Tag Archives: Wall Street Journal

Profile of Keith Gill, Who Drove the GameStop Reddit Mania – Slashdot

The investor who helped direct the world’s attention to GameStop, leading a horde of online followers in a bizarre market rally that made and lost fortunes from one day to the next, says he’s just a normal guy. From his profile by The Wall Street Journal: “I didn’t expect this,” said Keith Gill, 34 years […]

WallStreetBets Traders Celebrate Losses Inflicted on Melvin Capital

A Wall Street Journal report surfaced Sunday that Melvin Capital Management lost 53 percent on its investments for the month of January, mostly in part to a flurry of activity in the last week amid the GameStop activity. The Reddit community WallStreetBets helped crash the firm’s party, and in the process celebrated “the little man” […]

After GameStop Debacle, Citron Research Gives Up on Short-Selling | The Motley Fool

Is GameStop (NYSE:GME) making believers out of short-sellers? Hardly. But Citron Research founder Andrew Left says that after losing 100% of his short position in the video game retailer, he’s giving up telling investors what stocks to bet against. From now on, his Citron Research site will only tell investors what stocks to buy. A […]

Memes of trading GameStop and AMC have broken the brokerages – The Verge

In retrospect, stock memes were inevitable. Unfortunately, it looks like a lot of brokerages weren’t ready. Vanguard, Charles Schwab, and Fidelity Investments, among others, have been experiencing outages, The Wall Street Journal reports. None of the brokerages would tell the WSJ specifically why the outages were happening. Also, Charles Schwab and TD Ameritrade are restricting […]

Robinhood Limits New Users to Buying One Share of GameStop and Other Stocks | PCMag

Robinhood’s plan to resume “limited buys” of GameStop on Friday has become another gut punch for investors in the meme stock craze. That’s because the company is only permitting new users to buy a single share of Gamestop and 35 other stocks.  In total, the company’s buy limits cover 51 different stocks. Other companies capped […]

Bitcoin subreddit hits 2M subscribers following GameStop controversy

One of the most well-known online Bitcoin communities passed two million subscribers in a surge of activity on Friday, purportedly due to the media attention over the r/Wallstreetbets subreddit. According to the Metrics For Reddit analytics website, the subreddit r/Bitcoin has 2,184,941 subscribers at the time of publication, making it the 178th most popular subreddit […]

Hedge fund behind shorting GameStop reports 53% loss in January

Melvin Capital started 2021 with $12.5 billion in assets before retail investors from Reddit caused the firm to lose billions on its GameStop short positions. According to a Wall Street Journal report, the hedge fund has a little more than $8 billion in assets at the end of January, which includes a $2.75 billion investment […]

Redditor behind GameStop rally says he lost $13M in one day

“DeepF—ingValue” went deep in the red. The Reddit user who helped spark the explosive rally in GameStop’s stock price said he lost more than $13 million in a single day as the shares crashed. Keith Gill — the Massachusetts man better known as DeepF—ing Value on Reddit and “Roaring Kitty” on YouTube — revealed the […]

Melvin Capital, Squeezed by Its Bets Against GameStop, Lost 53 Percent in January – The New York Times

Melvin Capital Management, one of the hedge funds pilloried on social media message boards for its short-selling bets that GameStop shares would fall, lost 53 percent on its portfolio in January, a person familiar with the matter said. A principal reason was the huge losses the firm suffered when small investors bid up the stock […]

Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal. – WSJ

The investor who helped direct the world’s attention to GameStop, leading a horde of online followers in a bizarre market rally that made and lost fortunes from one day to the next, says he’s just a normal guy. “I didn’t expect this,” said Keith Gill, 34 years old, known as “DeepF—ingValue” by fans on Reddit’s […]