little guys bust a hedge fund

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the hedge fund Melvin Capital shorted Gamestop

the little guys at Reddit, Twitter and Robinhood love Gamestop - they united and went on a buying spree

Melvin Capital lost more than $6 billion in January due to this and had to cease operations


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click the google link and then click the nytimes.com story to beat the NYT paywall

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https://www.google.com/search?q=hedge+fund+goes+down+gamestop&oq=hedge+fund+goes+down+gamestop&aqs=edge..69i57j0i546.9293j0j1&sourceid=chrome&ie=UTF-8


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I remember when the first people discovered the huge short positions that Melvin Capital had, not just on Gamestop but also on AMC Theaters. It was a whole short squeeze and Melvin Capital was just the biggest fish in the pond.