/biz/ - Business & Finance

https://www.reddit.com/r/wallstreetbets/comments/ls84js/even_cnbc_is_now_reporting_that_melvin_and_vlad/?utm_source=share&utm_medium=web2x&context=3
They claim to have inside info that the short position loss for Melvin was as high as $16.8B at one point, before they were bailed out by Citadel. According to earlier reporting, Melvin ended January with $8B in assets.
https://www.cnn.com/2021/01/31/investing/melvin-capital-reddit-gamestop/index.html
Melvin was worth $22.6B in their 13F filing on 12/31 back when the share price was $20. $22.6B-$16.8B= $5.8B. Add the $2.75B bailout that they received from Citadel, and you wind up with $8.5B in assets at the end of January, which roughly checks out with the CNN reporting. So I believe that CNBC's info is genuine. They go on to speculate about whether or not Gabe Plotkin effectively now works for Citadel due to the terms of the bailout (or what I like to call Citadelvin now that the two are so intertwined). They're not talking about Vlad working for Citadel, (I think Cramer was confused, what else is new) so put away your torches and pitchforks, for now...