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GameStop shares lost 60 percent of their value on February 2, closing below $100 for the first time in a week. [ 65 ] [ 66 ] Reports estimated that about $27 billion in value had been erased. [ 66 ] [ 67 ] Other assets affected by the short squeeze and put under company trading restrictions, such as AMC and Blackberry shares, also declined in ...
In January 2021, Cohen's hedge fund Point72 joined Ken Griffin's Citadel in putting $2.75 billion into Melvin Capital, the hedge fund of former Cohen protege Gabe Plotkin, as a result of the GameStop short squeeze. [27] [28] Cohen denied that his involvement with the short squeeze would affect his willingness to spend money on the New York Mets ...
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
“Dumb Money” whisks us back to a time in American history, the year 2020, when Keith Gill, a Reddit and YouTube demi-celebrity, cranked up the poor little GameStop stock to improbable heights.
The U.S. Securities and Exchange Commission on Monday released a report examining the frenzied trading in shares of retailer GameStop Corp, and other 'meme' stocks, in January, and recommended ...
Dumb Money premiered at the Toronto International Film Festival on September 8, 2023, with the cast unable to attend due to the 2023 SAG-AFTRA strike. [20] It was released theatrically in the United States by Sony Pictures Releasing under the Columbia Pictures and Stage 6 Films labels, [ 21 ] while Sony, Black Bear International and other local ...
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission on Monday released a report examining the frenzied trading in shares of retailer GameStop Corp, and other 'meme' stocks, in January ...
Use this guide to find to lost money from the government, old bank accounts, former employers, insurance, taxes and more — and avoid unclaimed fund scams.